23,015 Shares in Ball Co. (NYSE:BALL) Acquired by MBB Public Markets I LLC

MBB Public Markets I LLC acquired a new position in shares of Ball Co. (NYSE:BALL) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 23,015 shares of the company’s stock, valued at approximately $1,381,000.

Several other large investors also recently bought and sold shares of BALL. Independence Bank of Kentucky purchased a new stake in Ball during the 1st quarter worth about $47,000. Friedenthal Financial acquired a new stake in shares of Ball during the second quarter worth $47,000. EverSource Wealth Advisors LLC increased its stake in Ball by 334.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $68,000 after purchasing an additional 815 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Ball during the second quarter worth about $72,000. Finally, Deseret Mutual Benefit Administrators boosted its stake in Ball by 17.0% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 1,280 shares of the company’s stock worth $77,000 after buying an additional 186 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Price Performance

BALL stock opened at $67.47 on Monday. The stock has a 50-day simple moving average of $64.25 and a 200-day simple moving average of $65.21. The firm has a market cap of $20.94 billion, a P/E ratio of 5.08, a price-to-earnings-growth ratio of 1.70 and a beta of 0.88. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.18. Ball Co. has a 1 year low of $42.81 and a 1 year high of $71.32.

Ball (NYSE:BALL) last posted its earnings results on Thursday, August 1st. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. Ball had a net margin of 32.79% and a return on equity of 19.45%. The business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, equities analysts predict that Ball Co. will post 3.12 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.80 annualized dividend and a dividend yield of 1.19%. Ball’s dividend payout ratio is presently 6.02%.

Wall Street Analyst Weigh In

BALL has been the topic of several recent analyst reports. Royal Bank of Canada cut their price objective on shares of Ball from $80.00 to $77.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Baird R W upgraded shares of Ball from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Truist Financial restated a “buy” rating and set a $78.00 price objective (up from $76.00) on shares of Ball in a report on Friday, August 2nd. Morgan Stanley raised Ball from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $69.00 to $78.00 in a research report on Wednesday, September 4th. Finally, Robert W. Baird raised Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price target for the company in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Ball currently has an average rating of “Moderate Buy” and a consensus target price of $70.83.

Ball Company Profile

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.