Ball Co. (NYSE:BALL) Stock Position Lowered by Cwm LLC

Cwm LLC lessened its position in Ball Co. (NYSE:BALL) by 4.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 332,918 shares of the company’s stock after selling 13,906 shares during the period. Cwm LLC owned approximately 0.11% of Ball worth $19,149,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP raised its position in shares of Ball by 446.3% during the second quarter. Quarry LP now owns 448 shares of the company’s stock worth $26,000 after purchasing an additional 366 shares during the period. Resurgent Financial Advisors LLC acquired a new stake in shares of Ball during the fourth quarter worth $26,000. Covington Capital Management acquired a new stake in shares of Ball during the third quarter worth $26,000. Deseret Mutual Benefit Administrators raised its position in shares of Ball by 80.4% during the third quarter. Deseret Mutual Benefit Administrators now owns 572 shares of the company’s stock worth $28,000 after purchasing an additional 255 shares during the period. Finally, NBC Securities Inc. acquired a new stake in shares of Ball during the third quarter worth $29,000. Institutional investors own 86.51% of the company’s stock.

Ball Price Performance

Shares of NYSE:BALL opened at $64.95 on Monday. The business has a 50 day moving average price of $64.63 and a 200 day moving average price of $57.41. Ball Co. has a twelve month low of $42.81 and a twelve month high of $67.97. The company has a market cap of $20.50 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 4.20 and a beta of 0.89. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.96.

Ball (NYSE:BALL) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Ball had a return on equity of 23.81% and a net margin of 5.04%. The company had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter last year, the company earned $0.44 EPS. The company’s quarterly revenue was down 4.1% on a year-over-year basis. Research analysts predict that Ball Co. will post 3.09 earnings per share for the current year.

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.23%. Ball’s dividend payout ratio is currently 35.71%.

Wall Street Analysts Forecast Growth

BALL has been the topic of a number of research analyst reports. Wolfe Research initiated coverage on Ball in a report on Friday, March 1st. They set a “peer perform” rating on the stock. Truist Financial reiterated a “hold” rating and set a $60.00 price target on shares of Ball in a report on Friday, April 12th. Royal Bank of Canada upgraded Ball from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $61.00 to $74.00 in a report on Tuesday, February 20th. Wells Fargo & Company lifted their price target on Ball from $52.00 to $62.00 and gave the company an “equal weight” rating in a report on Monday, March 18th. Finally, Jefferies Financial Group lifted their price target on Ball from $69.00 to $78.00 and gave the company a “buy” rating in a report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $65.58.

Insiders Place Their Bets

In related news, insider Daniel William Fisher bought 3,869 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average price of $64.56 per share, for a total transaction of $249,782.64. Following the transaction, the insider now directly owns 111,866 shares of the company’s stock, valued at $7,222,068.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Ball 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.