Coldstream Capital Management Inc. Acquires Shares of 29,492 Ball Co. (NYSE:BALL)

Coldstream Capital Management Inc. bought a new position in Ball Co. (NYSE:BALL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,492 shares of the company's stock, valued at approximately $1,626,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Picton Mahoney Asset Management raised its holdings in Ball by 68.9% in the 4th quarter. Picton Mahoney Asset Management now owns 522 shares of the company's stock worth $29,000 after acquiring an additional 213 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Ball by 328.4% in the fourth quarter. Venturi Wealth Management LLC now owns 664 shares of the company's stock worth $37,000 after purchasing an additional 509 shares during the last quarter. Hager Investment Management Services LLC purchased a new position in shares of Ball in the fourth quarter worth $76,000. ORG Wealth Partners LLC lifted its holdings in shares of Ball by 298.9% during the fourth quarter. ORG Wealth Partners LLC now owns 1,428 shares of the company's stock valued at $79,000 after purchasing an additional 1,070 shares in the last quarter. Finally, Evermay Wealth Management LLC boosted its position in shares of Ball by 35.1% during the fourth quarter. Evermay Wealth Management LLC now owns 1,743 shares of the company's stock valued at $96,000 after buying an additional 453 shares during the last quarter. Institutional investors own 86.51% of the company's stock.

Ball Stock Performance

Shares of BALL opened at $50.57 on Monday. The business has a 50-day simple moving average of $50.21 and a two-hundred day simple moving average of $55.19. The company has a quick ratio of 0.69, a current ratio of 1.00 and a debt-to-equity ratio of 0.90. Ball Co. has a 52 week low of $43.51 and a 52 week high of $71.32. The stock has a market cap of $14.28 billion, a price-to-earnings ratio of 3.99, a PEG ratio of 1.24 and a beta of 1.01.

Ball (NYSE:BALL - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.03. Ball had a net margin of 33.98% and a return on equity of 16.17%. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the firm posted $0.78 EPS. The firm's quarterly revenue was down .8% compared to the same quarter last year. On average, analysts expect that Ball Co. will post 3.48 EPS for the current year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Monday, March 3rd. Ball's dividend payout ratio (DPR) is 6.32%.

Ball announced that its Board of Directors has initiated a share buyback program on Wednesday, January 29th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the company to buy up to 24.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Morgan Stanley lowered their target price on shares of Ball from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Barclays lowered their price objective on shares of Ball from $72.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Royal Bank of Canada cut their target price on shares of Ball from $75.00 to $66.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. UBS Group decreased their target price on shares of Ball from $55.00 to $54.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Finally, Truist Financial dropped their price target on Ball from $65.00 to $58.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $60.80.

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.

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