Pathstone Family Office LLC Purchases 22,545 Shares of Ball Co. (NYSE:BALL)

Pathstone Family Office LLC lifted its stake in shares of Ball Co. (NYSE:BALLFree Report) by 115.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,013 shares of the company’s stock after buying an additional 22,545 shares during the period. Pathstone Family Office LLC’s holdings in Ball were worth $2,091,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its holdings in Ball by 66.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,830,193 shares of the company’s stock valued at $817,294,000 after buying an additional 5,903,021 shares in the last quarter. Norges Bank purchased a new position in Ball in the fourth quarter valued at $139,189,000. Victory Capital Management Inc. purchased a new position in Ball in the fourth quarter valued at $62,202,000. Morgan Stanley increased its holdings in Ball by 17.7% in the fourth quarter. Morgan Stanley now owns 7,979,673 shares of the company’s stock valued at $408,081,000 after buying an additional 1,200,145 shares in the last quarter. Finally, Ensign Peak Advisors Inc increased its holdings in Ball by 849.2% in the first quarter. Ensign Peak Advisors Inc now owns 902,806 shares of the company’s stock valued at $49,754,000 after buying an additional 807,698 shares in the last quarter. 84.79% of the stock is currently owned by institutional investors and hedge funds.

Ball Stock Performance

NYSE:BALL opened at $59.17 on Friday. Ball Co. has a 1-year low of $42.81 and a 1-year high of $61.13. The company’s 50-day moving average is $57.17 and its two-hundred day moving average is $53.50. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.79 and a quick ratio of 0.54. The firm has a market capitalization of $18.66 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 3.74 and a beta of 0.87.

Ball (NYSE:BALLGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Ball had a net margin of 5.04% and a return on equity of 23.81%. The firm had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.56 billion. During the same quarter in the prior year, the business earned $0.44 EPS. Ball’s quarterly revenue was down 4.1% compared to the same quarter last year. Analysts forecast that Ball Co. will post 3.16 EPS for the current year.

Ball Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, February 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.35%. Ball’s dividend payout ratio (DPR) is presently 35.71%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BALL. Bank of America cut shares of Ball from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $61.00 to $59.00 in a research note on Tuesday, January 2nd. UBS Group began coverage on shares of Ball in a research note on Tuesday, January 16th. They set a “sell” rating and a $55.00 target price for the company. Wells Fargo & Company cut their target price on shares of Ball from $55.00 to $46.00 and set an “equal weight” rating for the company in a research note on Thursday, October 19th. Barclays boosted their target price on shares of Ball from $63.00 to $66.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Mizuho boosted their target price on shares of Ball from $60.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, December 28th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Ball has an average rating of “Hold” and a consensus price target of $59.00.

Check Out Our Latest Report on Ball

Insider Buying and Selling

In other Ball news, COO Ronald J. Lewis purchased 4,637 shares of Ball stock in a transaction on Tuesday, November 21st. The shares were purchased at an average cost of $53.91 per share, with a total value of $249,980.67. Following the completion of the transaction, the chief operating officer now directly owns 29,797 shares in the company, valued at approximately $1,606,356.27. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Ball Profile

(Free Report)

Ball Corp. provides metal packaging for beverages, foods, and household products. It operates through the following business segments: Beverage Packaging North and Central America, Beverage Packaging South America, Beverage Packaging Europe, Middle East and Africa (EMEA), and Aerospace. The Beverage Packaging North and Central America segment includes multi-year supply contracts to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.

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Institutional Ownership by Quarter for Ball (NYSE:BALL)

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