Avanza Fonder AB Makes New $1.96 Million Investment in Ball Co. (NYSE:BALL)

Avanza Fonder AB purchased a new position in shares of Ball Co. (NYSE:BALL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 35,543 shares of the company's stock, valued at approximately $1,959,000.

Several other hedge funds have also added to or reduced their stakes in BALL. Peterson Financial Group Inc. bought a new stake in shares of Ball during the 3rd quarter valued at $30,000. Catalyst Capital Advisors LLC bought a new stake in shares of Ball during the 3rd quarter valued at $47,000. Quarry LP lifted its position in shares of Ball by 598.6% during the 2nd quarter. Quarry LP now owns 999 shares of the company's stock valued at $60,000 after acquiring an additional 856 shares during the period. Brooklyn Investment Group bought a new stake in shares of Ball during the 3rd quarter valued at $66,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Ball by 334.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company's stock valued at $68,000 after acquiring an additional 815 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. UBS Group upgraded Ball from a "sell" rating to a "neutral" rating and dropped their price objective for the stock from $62.00 to $58.00 in a research report on Friday, January 10th. Mizuho upgraded Ball from a "neutral" rating to an "outperform" rating and set a $67.00 price objective for the company in a research report on Tuesday, December 10th. Truist Financial dropped their price objective on Ball from $78.00 to $73.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Wells Fargo & Company restated an "underweight" rating and set a $49.00 price objective (down from $56.00) on shares of Ball in a research report on Thursday. Finally, Royal Bank of Canada restated an "outperform" rating and set a $75.00 price objective on shares of Ball in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Ball presently has a consensus rating of "Moderate Buy" and an average price target of $68.17.

Ball Trading Up 0.1 %

NYSE BALL traded up $0.08 during trading hours on Friday, hitting $54.33. 2,119,755 shares of the company's stock were exchanged, compared to its average volume of 1,777,062. The stock has a 50-day simple moving average of $57.69 and a 200 day simple moving average of $61.60. Ball Co. has a 1-year low of $51.96 and a 1-year high of $71.32. The firm has a market cap of $16.21 billion, a price-to-earnings ratio of 4.10, a PEG ratio of 1.24 and a beta of 0.93. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.13 billion. Ball had a return on equity of 17.46% and a net margin of 34.05%. The company's quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 earnings per share. On average, equities analysts forecast that Ball Co. will post 3.15 EPS for the current fiscal year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.20 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.47%. Ball's dividend payout ratio (DPR) is currently 6.03%.

Ball 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.