Ball Co. (NYSE:BALL) Shares Sold by Broderick Brian C

Broderick Brian C lowered its holdings in Ball Co. (NYSE:BALL) by 35.5% in the fourth quarter, HoldingsChannel reports. The firm owned 45,304 shares of the company’s stock after selling 24,915 shares during the period. Broderick Brian C’s holdings in Ball were worth $2,498,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Park Avenue Securities LLC boosted its holdings in Ball by 2.1% in the fourth quarter. Park Avenue Securities LLC now owns 10,082 shares of the company’s stock worth $556,000 after purchasing an additional 210 shares during the period. Picton Mahoney Asset Management boosted its position in Ball by 68.9% during the 4th quarter. Picton Mahoney Asset Management now owns 522 shares of the company’s stock valued at $29,000 after purchasing an additional 213 shares during the period. Jag Capital Management LLC grew its stake in Ball by 1.0% during the 4th quarter. Jag Capital Management LLC now owns 26,729 shares of the company’s stock worth $1,474,000 after buying an additional 271 shares during the last quarter. Crumly & Associates Inc. lifted its stake in Ball by 3.3% in the fourth quarter. Crumly & Associates Inc. now owns 9,050 shares of the company’s stock valued at $499,000 after buying an additional 293 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Ball by 14.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 2,631 shares of the company’s stock valued at $145,000 after acquiring an additional 337 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $49.00 price objective (down previously from $56.00) on shares of Ball in a report on Thursday, January 16th. Robert W. Baird cut their price target on Ball from $70.00 to $63.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Truist Financial lowered their target price on Ball from $78.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada decreased their price target on Ball from $75.00 to $66.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Finally, Citigroup cut their price objective on shares of Ball from $69.00 to $59.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $63.30.

Ball Stock Down 3.5 %

NYSE BALL opened at $50.46 on Friday. Ball Co. has a 12 month low of $48.95 and a 12 month high of $71.32. The company has a market capitalization of $14.25 billion, a P/E ratio of 3.99, a PEG ratio of 1.24 and a beta of 0.99. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 0.69. The company’s 50 day simple moving average is $51.95 and its 200 day simple moving average is $57.60.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.03. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.92 billion. Ball had a return on equity of 16.17% and a net margin of 33.98%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 EPS. Equities research analysts expect that Ball Co. will post 3.48 earnings per share for the current fiscal year.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.59%. Ball’s payout ratio is 6.32%.

Ball announced that its board has initiated a share buyback plan on Wednesday, January 29th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the company to purchase up to 24.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Ball Company 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.