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

Wealth Enhancement Advisory Services LLC trimmed its holdings in Ball Co. (NYSE:BALL) by 76.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 18,805 shares of the company’s stock after selling 62,006 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Ball were worth $1,037,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management grew its holdings in Ball by 68.9% during 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 during the period. Jag Capital Management LLC boosted its position in Ball by 1.0% in the 4th quarter. Jag Capital Management LLC now owns 26,729 shares of the company’s stock worth $1,474,000 after purchasing an additional 271 shares in the last quarter. Crumly & Associates Inc. grew its stake in shares of Ball by 3.3% during the 4th quarter. Crumly & Associates Inc. now owns 9,050 shares of the company’s stock worth $499,000 after purchasing an additional 293 shares during the period. Brown Financial Advisors grew its stake in shares of Ball by 5.8% during the 4th quarter. Brown Financial Advisors now owns 7,706 shares of the company’s stock worth $425,000 after purchasing an additional 421 shares during the period. Finally, Venturi Wealth Management LLC increased its holdings in shares of Ball by 328.4% during the 4th 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. 86.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BALL shares. Loop Capital lowered their price target on shares of Ball from $83.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Truist Financial lowered their target price on shares of Ball from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Mizuho dropped their target price on Ball from $63.00 to $58.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. UBS Group reduced their price target on Ball from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Finally, Royal Bank of Canada increased their price target on Ball from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Ball currently has an average rating of “Moderate Buy” and a consensus price target of $61.00.

Ball Trading Up 0.5%

Shares of Ball stock opened at $53.77 on Monday. 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 twelve month low of $43.51 and a twelve month high of $68.85. The firm has a market capitalization of $14.92 billion, a PE ratio of 4.25, a P/E/G ratio of 1.24 and a beta of 1.08. The firm’s 50-day moving average price is $50.81 and its 200 day moving average price is $53.08.

Ball (NYSE:BALL) last released its earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. Ball had a return on equity of 16.17% and a net margin of 33.98%. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter last year, the business posted $0.68 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts predict that Ball Co. will post 3.48 EPS for the current fiscal year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.80 annualized dividend and a yield of 1.49%. Ball’s dividend payout ratio (DPR) is presently 47.62%.

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.