Ossiam boosted its stake in shares of Ball Co. (NYSE:BALL - Free Report) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,371 shares of the company's stock after purchasing an additional 5,691 shares during the period. Ossiam's holdings in Ball were worth $2,336,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the stock. SkyView Investment Advisors LLC lifted its stake in Ball by 4.5% in the 3rd quarter. SkyView Investment Advisors LLC now owns 9,450 shares of the company's stock valued at $642,000 after purchasing an additional 411 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Ball in the third quarter valued at approximately $510,000. Tidal Investments LLC lifted its position in shares of Ball by 3.7% in the third quarter. Tidal Investments LLC now owns 33,094 shares of the company's stock valued at $2,247,000 after buying an additional 1,182 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Ball by 4.7% during the 3rd quarter. Franklin Resources Inc. now owns 6,954,876 shares of the company's stock worth $453,144,000 after acquiring an additional 309,587 shares during the period. Finally, Inspire Trust Co. N.A. increased its holdings in shares of Ball by 20.0% during the 3rd quarter. Inspire Trust Co. N.A. now owns 48,000 shares of the company's stock worth $3,260,000 after acquiring an additional 8,000 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.
Ball Price Performance
Shares of BALL stock traded up $0.05 during trading on Friday, hitting $50.57. The company had a trading volume of 2,092,877 shares, compared to its average volume of 2,127,853. The stock's 50-day moving average price is $50.21 and its 200 day moving average price is $55.32. Ball Co. has a one year low of $43.51 and a one year high of $71.32. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.69 and a current ratio of 1.00. The firm has a market capitalization of $14.28 billion, a P/E ratio of 3.99, a price-to-earnings-growth 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 for the quarter, beating analysts' consensus estimates of $0.81 by $0.03. Ball had a return on equity of 16.17% and a net margin of 33.98%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the prior year, the company posted $0.78 EPS. The company's revenue was down .8% compared to the same quarter last year. Equities analysts expect that Ball Co. will post 3.48 EPS for the current fiscal year.
Ball Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Monday, March 3rd. Ball's dividend payout ratio is currently 6.32%.
Ball announced that its Board of Directors has authorized a share buyback program on Wednesday, January 29th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the company to reacquire up to 24.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.
Analyst Ratings Changes
BALL has been the subject of a number of research analyst reports. Citigroup reduced their price objective 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. Truist Financial cut their target price on shares of Ball from $65.00 to $58.00 and set a "buy" rating for the company in a research note on Tuesday. Barclays decreased their price target on shares of Ball from $72.00 to $61.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Royal Bank of Canada cut their price objective 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. Finally, UBS Group decreased their target price on Ball from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Ball currently has an average rating of "Moderate Buy" and a consensus target price of $60.80.
View Our Latest Stock Report on BALL
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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