Crossmark Global Holdings Inc. Has $1.10 Million Stock Holdings in Ball Co. (NYSE:BALL)

Crossmark Global Holdings Inc. decreased its position in Ball Co. (NYSE:BALLFree Report) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,170 shares of the company’s stock after selling 725 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Ball were worth $1,103,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its stake in shares of Ball by 5.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 39,766 shares of the company’s stock worth $2,287,000 after acquiring an additional 2,040 shares in the last quarter. Royal London Asset Management Ltd. grew its stake in shares of Ball by 5.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 124,450 shares of the company’s stock worth $7,158,000 after acquiring an additional 6,975 shares in the last quarter. Nicholas Company Inc. grew its stake in shares of Ball by 15.6% in the 4th quarter. Nicholas Company Inc. now owns 101,480 shares of the company’s stock worth $5,837,000 after acquiring an additional 13,675 shares in the last quarter. Rafferty Asset Management LLC grew its stake in shares of Ball by 4.2% in the 4th quarter. Rafferty Asset Management LLC now owns 24,466 shares of the company’s stock worth $1,407,000 after acquiring an additional 994 shares in the last quarter. Finally, NEOS Investment Management LLC bought a new stake in shares of Ball in the 4th quarter worth $253,000. Institutional investors own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Truist Financial increased their price target on shares of Ball from $60.00 to $67.00 and gave the company a “hold” rating in a research report on Monday, April 29th. JPMorgan Chase & Co. increased their price target on shares of Ball from $59.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Barclays increased their price target on shares of Ball from $71.00 to $72.00 and gave the company an “equal weight” rating in a research report on Monday, May 6th. Morgan Stanley assumed coverage on shares of Ball in a research report on Monday, March 18th. They set an “equal weight” rating and a $68.00 price target for the company. Finally, Citigroup assumed coverage on shares of Ball in a research report on Wednesday, March 27th. They set a “neutral” rating and a $70.00 price target for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $69.23.

View Our Latest Report on BALL

Ball Trading Down 1.9 %

Shares of Ball stock opened at $68.47 on Monday. Ball Co. has a 12-month low of $42.81 and a 12-month high of $71.32. The company has a market cap of $21.25 billion, a price-to-earnings ratio of 5.15, a PEG ratio of 1.88 and a beta of 0.90. The company has a current ratio of 1.21, a quick ratio of 0.93 and a debt-to-equity ratio of 0.75. The company’s 50-day moving average price is $67.96 and its 200-day moving average price is $62.54.

Ball (NYSE:BALLGet Free Report) last announced its quarterly earnings results on Friday, April 26th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. Ball had a net margin of 31.42% and a return on equity of 21.79%. The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. The company’s revenue for the quarter was down 17.6% on a year-over-year basis. On average, equities analysts expect that Ball Co. will post 3.09 earnings per share for the current fiscal year.

Ball Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Monday, June 3rd. Ball’s payout ratio is 6.02%.

Ball announced that its Board of Directors has authorized a share repurchase plan on Wednesday, April 24th that authorizes the company to repurchase 40,000,000 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Ball

In other news, insider Daniel William Fisher purchased 3,869 shares of the stock in a transaction dated Thursday, March 14th. The shares were purchased at an average cost of $64.56 per share, with a total value of $249,782.64. Following the completion of the acquisition, the insider now owns 111,866 shares in the company, valued at approximately $7,222,068.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Pedro Henrique Mariani sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $69.90, for a total value of $349,500.00. Following the sale, the director now directly owns 9,844 shares of the company’s stock, valued at $688,095.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel William Fisher bought 3,869 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average cost of $64.56 per share, for a total transaction of $249,782.64. Following the completion of the purchase, the insider now directly owns 111,866 shares of the company’s stock, valued at $7,222,068.96. The disclosure for this purchase can be found here. Insiders own 0.81% of the company’s stock.

Ball Profile

(Free Report)

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.

See Also

Institutional Ownership by Quarter for Ball (NYSE:BALL)

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