126,028 Shares in Ball Co. (NYSE:BALL) Acquired by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC acquired a new position in shares of Ball Co. (NYSE:BALL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 126,028 shares of the company's stock, valued at approximately $6,910,000.

A number of other hedge funds also recently bought and sold shares of the company. Picton Mahoney Asset Management increased its position in shares of Ball by 68.9% in the fourth quarter. Picton Mahoney Asset Management now owns 522 shares of the company's stock worth $29,000 after acquiring an additional 213 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Ball by 328.4% in the fourth quarter. Venturi Wealth Management LLC now owns 664 shares of the company's stock valued at $37,000 after purchasing an additional 509 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Ball in the third quarter worth $66,000. Hager Investment Management Services LLC purchased a new position in shares of Ball during the fourth quarter valued at $76,000. Finally, ORG Wealth Partners LLC lifted its stake in Ball by 298.9% in the 4th quarter. ORG Wealth Partners LLC now owns 1,428 shares of the company's stock worth $79,000 after acquiring an additional 1,070 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Stock Performance

NYSE:BALL traded down $0.61 during mid-day trading on Friday, hitting $51.45. 1,765,814 shares of the company's stock traded hands, compared to its average volume of 2,032,346. The firm has a market capitalization of $14.53 billion, a price-to-earnings ratio of 4.06, a price-to-earnings-growth ratio of 1.24 and a beta of 0.99. The firm has a 50 day moving average of $52.18 and a two-hundred day moving average of $57.93. The company has a current ratio of 1.00, a quick ratio of 0.69 and a debt-to-equity ratio of 0.90. Ball Co. has a 12 month low of $48.95 and a 12 month high of $71.32.

Remove Ads

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.92 billion. Ball had a net margin of 33.98% and a return on equity of 16.17%. Ball's quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company posted $0.78 earnings per share. On average, equities analysts forecast that Ball Co. will post 3.48 earnings per share for the current fiscal year.

Ball declared that its board has approved a stock repurchase plan on Wednesday, January 29th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the company to buy up to 24.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Monday, March 3rd. Ball's dividend payout ratio is currently 6.32%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BALL shares. Robert W. Baird reduced their price target on shares of Ball from $70.00 to $63.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Mizuho raised shares of Ball from a "neutral" rating to an "outperform" rating and set a $67.00 price target on the stock in a research note on Tuesday, December 10th. Truist Financial reduced 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 reaffirmed an "underweight" rating and set a $49.00 price target (down from $56.00) on shares of Ball in a research note on Thursday, January 16th. Finally, Barclays dropped their price objective on Ball from $72.00 to $61.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. 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 assigned a strong buy rating to the stock. According to MarketBeat, Ball has a consensus rating of "Moderate Buy" and an average price target of $63.30.

About Ball

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.