NBC Securities Inc. Purchases New Shares in Ball Co. (NYSE:BALL)

NBC Securities Inc. purchased a new stake in shares of Ball Co. (NYSE:BALL) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,596 shares of the company’s stock, valued at approximately $83,000.

Other large investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Ball during the fourth quarter valued at about $94,861,000. Charles Schwab Investment Management Inc. increased its holdings in Ball by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,891,046 shares of the company’s stock worth $104,253,000 after buying an additional 36,809 shares during the last quarter. Aviva PLC increased its holdings in Ball by 63.4% during the fourth quarter. Aviva PLC now owns 523,765 shares of the company’s stock worth $28,875,000 after buying an additional 203,298 shares during the last quarter. VisionPoint Advisory Group LLC increased its holdings in Ball by 99.5% during the fourth quarter. VisionPoint Advisory Group LLC now owns 37,719 shares of the company’s stock worth $2,053,000 after buying an additional 18,809 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Ball by 27.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,429 shares of the company’s stock worth $1,971,000 after buying an additional 7,660 shares during the last quarter. 86.51% of the stock is owned by institutional investors.

Ball Price Performance

BALL opened at $55.03 on Wednesday. The firm has a 50-day moving average price of $50.94 and a 200-day moving average price of $53.04. The company has a market capitalization of $15.27 billion, a price-to-earnings ratio of 4.35, a PEG ratio of 1.24 and a beta of 1.08. Ball Co. has a twelve month low of $43.51 and a twelve month high of $68.85. The company has a quick ratio of 0.69, a current ratio of 1.00 and a debt-to-equity ratio of 0.90.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Ball had a net margin of 33.98% and a return on equity of 16.17%. Ball’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 earnings per share. Equities analysts expect that Ball Co. will post 3.48 EPS for the current year.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.80 annualized dividend and a yield of 1.45%. Ball’s dividend payout ratio is currently 47.62%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BALL. UBS Group decreased their price objective on shares of Ball from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Royal Bank of Canada raised their price objective on shares of Ball from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Loop Capital decreased their price objective on shares of Ball from $83.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Barclays decreased their price objective on shares of Ball from $61.00 to $57.00 and set an “equal weight” rating for the company in a report on Wednesday, May 14th. Finally, Truist Financial decreased their price objective on shares of Ball from $65.00 to $58.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Ball has an average rating of “Moderate Buy” and an average target price of $61.00.

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.