AMI Asset Management Corp trimmed its position in shares of Ball Co. (NYSE:BALL - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 517,925 shares of the company's stock after selling 13,914 shares during the period. AMI Asset Management Corp owned about 0.17% of Ball worth $28,553,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Moors & Cabot Inc. lifted its stake in shares of Ball by 4.5% in the 3rd quarter. Moors & Cabot Inc. now owns 4,442 shares of the company's stock valued at $302,000 after purchasing an additional 192 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Ball by 1.2% during the third quarter. Advisors Asset Management Inc. now owns 16,895 shares of the company's stock valued at $1,147,000 after purchasing an additional 199 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Ball by 2.1% in the fourth quarter. Park Avenue Securities LLC now owns 10,082 shares of the company's stock valued at $556,000 after purchasing an additional 210 shares during the period. Opal Wealth Advisors LLC lifted its stake in shares of Ball by 7.6% in the third quarter. Opal Wealth Advisors LLC now owns 3,033 shares of the company's stock worth $206,000 after buying an additional 215 shares during the last quarter. Finally, Empirical Finance LLC boosted its holdings in shares of Ball by 2.0% during the 3rd quarter. Empirical Finance LLC now owns 10,969 shares of the company's stock worth $745,000 after buying an additional 216 shares during the period. 86.51% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on BALL shares. Citigroup cut their target price on shares of Ball from $69.00 to $59.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Wells Fargo & Company reissued an "underweight" rating and set a $49.00 price objective (down previously from $56.00) on shares of Ball in a research report on Thursday, January 16th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $75.00 target price on shares of Ball in a report on Monday, November 4th. Morgan Stanley cut their price target on Ball from $78.00 to $75.00 and set an "overweight" rating for the company in a report on Monday, January 13th. Finally, Truist Financial lowered their price objective on shares of Ball from $78.00 to $73.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $68.17.
Read Our Latest Research Report on BALL
Ball Price Performance
Shares of Ball stock traded up $0.75 during midday trading on Tuesday, reaching $55.04. The company had a trading volume of 2,089,401 shares, compared to its average volume of 2,396,729. The stock has a fifty day simple moving average of $57.57 and a 200 day simple moving average of $61.57. Ball Co. has a 1-year low of $51.96 and a 1-year high of $71.32. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $16.42 billion, a price-to-earnings ratio of 4.15, a price-to-earnings-growth ratio of 1.30 and a beta of 0.93.
Ball (NYSE:BALL - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.13 billion. Ball had a return on equity of 17.46% and a net margin of 34.05%. The firm's quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 earnings per share. As a group, equities research analysts forecast that Ball Co. will post 3.15 earnings per share for the current year.
Ball Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given 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 dividend yield of 1.45%. Ball's dividend payout ratio is 6.03%.
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.
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