Ball Co. (NYSE:BALL) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC lowered its stake in shares of Ball Co. (NYSE:BALLFree Report) by 58.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,160 shares of the company’s stock after selling 4,371 shares during the quarter. Advisory Services Network LLC’s holdings in Ball were worth $182,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James & Associates increased its position in Ball by 12.9% during the 4th quarter. Raymond James & Associates now owns 1,252,085 shares of the company’s stock worth $72,020,000 after purchasing an additional 143,005 shares in the last quarter. Lazard Freres Gestion S.A.S. increased its position in Ball by 7.5% during the 4th quarter. Lazard Freres Gestion S.A.S. now owns 1,128,228 shares of the company’s stock worth $62,438,000 after purchasing an additional 78,402 shares in the last quarter. M&G Investment Management Ltd. increased its position in Ball by 32.4% during the 4th quarter. M&G Investment Management Ltd. now owns 816,874 shares of the company’s stock worth $47,379,000 after purchasing an additional 199,885 shares in the last quarter. Norges Bank acquired a new stake in Ball during the 4th quarter worth approximately $168,372,000. Finally, Schroder Investment Management Group increased its position in Ball by 23.8% during the 3rd quarter. Schroder Investment Management Group now owns 1,469,446 shares of the company’s stock worth $73,149,000 after purchasing an additional 282,114 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Insider Buying and Selling

In related news, Director Pedro Henrique Mariani sold 5,000 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $69.90, for a total transaction of $349,500.00. Following the transaction, the director now directly owns 9,844 shares in the company, valued at $688,095.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Daniel William Fisher bought 3,869 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average cost of $64.56 per share, with a total value of $249,782.64. Following the completion of the transaction, the insider now directly owns 111,866 shares of the company’s stock, valued at $7,222,068.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Pedro Henrique Mariani sold 5,000 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $69.90, for a total value of $349,500.00. Following the completion of the sale, the director now directly owns 9,844 shares in the company, valued at $688,095.60. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by company insiders.

Ball Stock Performance

Ball stock opened at $69.79 on Friday. The stock has a market cap of $21.66 billion, a P/E ratio of 5.25, a price-to-earnings-growth ratio of 1.90 and a beta of 0.90. The company has a current ratio of 1.21, a quick ratio of 0.93 and a debt-to-equity ratio of 0.75. The stock has a 50 day moving average of $67.94 and a 200-day moving average of $62.31. Ball Co. has a 52 week low of $42.81 and a 52 week high of $71.32.

Ball (NYSE:BALLGet Free Report) last released its earnings results on Friday, April 26th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.56 by $0.12. Ball had a return on equity of 21.79% and a net margin of 31.42%. The company had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same period in the prior year, the business posted $0.69 EPS. The business’s revenue was down 17.6% on a year-over-year basis. On average, analysts expect that Ball Co. will post 3.09 EPS for the current fiscal year.

Ball announced that its Board of Directors has authorized a stock buyback program on Wednesday, April 24th that authorizes the company to repurchase 40,000,000 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.15%. The ex-dividend date is Monday, June 3rd. Ball’s dividend payout ratio (DPR) is presently 6.02%.

Analyst Upgrades and Downgrades

BALL has been the subject of a number of analyst reports. Jefferies Financial Group upped their price target on Ball from $69.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. Wolfe Research initiated coverage on Ball in a report on Friday, March 1st. They issued a “peer perform” rating for the company. Mizuho upped their price target on Ball from $63.00 to $69.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Citigroup initiated coverage on Ball in a report on Wednesday, March 27th. They issued a “neutral” rating and a $70.00 price target for the company. Finally, Truist Financial upped their price target on Ball from $60.00 to $67.00 and gave the stock a “hold” rating in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $69.23.

Check Out Our Latest Report on BALL

Ball Profile

(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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Institutional Ownership by Quarter for Ball (NYSE:BALL)

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