Stephens Inc. AR Sells 698 Shares of Ball Co. (NYSE:BALL)

Stephens Inc. AR lowered its holdings in shares of Ball Co. (NYSE:BALLFree Report) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,912 shares of the company’s stock after selling 698 shares during the quarter. Stephens Inc. AR’s holdings in Ball were worth $743,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Parnassus Investments LLC raised its holdings in Ball by 5.0% in the 4th quarter. Parnassus Investments LLC now owns 21,062,707 shares of the company’s stock worth $1,211,527,000 after acquiring an additional 998,527 shares during the period. JPMorgan Chase & Co. raised its holdings in Ball by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,853,923 shares of the company’s stock worth $291,408,000 after acquiring an additional 72,585 shares during the period. Northern Trust Corp raised its holdings in Ball by 3.8% in the 3rd quarter. Northern Trust Corp now owns 3,138,780 shares of the company’s stock worth $156,248,000 after acquiring an additional 115,133 shares during the period. Norges Bank bought a new position in Ball in the 4th quarter worth $168,372,000. Finally, Invesco Ltd. raised its holdings in Ball by 9.3% in the 3rd quarter. Invesco Ltd. now owns 2,764,571 shares of the company’s stock worth $137,620,000 after acquiring an additional 234,363 shares during the period. Institutional investors own 86.51% of the company’s stock.

Insider Transactions at Ball

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

Ball Price Performance

Shares of BALL stock opened at $68.40 on Tuesday. Ball Co. has a 1 year low of $42.81 and a 1 year high of $71.32. The firm’s 50 day moving average is $67.97 and its 200-day moving average is $62.65. The firm has a market capitalization of $21.23 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.

Ball (NYSE:BALLGet Free Report) last announced its 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 company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period in the prior year, the business earned $0.69 earnings per share. Ball’s quarterly revenue was down 17.6% on a year-over-year basis. Sell-side analysts forecast that Ball Co. will post 3.09 EPS for the current fiscal year.

Ball announced that its board has authorized a share buyback program on Wednesday, April 24th that allows the company to buyback 40,000,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Ball Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Ball from $59.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. TheStreet upgraded shares of Ball from a “c+” rating to a “b-” rating in a research report on Friday, March 8th. Robert W. Baird lifted their target price on shares of Ball from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Citigroup started coverage on shares of Ball in a research report on Wednesday, March 27th. They set a “neutral” rating and a $70.00 target price on the stock. Finally, Mizuho lifted their target price on shares of Ball from $63.00 to $69.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $69.23.

Check Out Our Latest Analysis on BALL

About Ball

(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.

Further Reading

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Institutional Ownership by Quarter for Ball (NYSE:BALL)

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