Ball Corporation $BALL Stock Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its stake in shares of Ball Corporation (NYSE:BALL) by 44.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 162,373 shares of the company’s stock after purchasing an additional 50,022 shares during the quarter. Kestra Advisory Services LLC’s holdings in Ball were worth $9,098,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BALL. Inscription Capital LLC increased its holdings in Ball by 8.0% in the 3rd quarter. Inscription Capital LLC now owns 17,710 shares of the company’s stock worth $992,000 after purchasing an additional 1,312 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Ball by 325.0% in the third quarter. Commonwealth Equity Services LLC now owns 62,485 shares of the company’s stock valued at $3,501,000 after purchasing an additional 47,782 shares during the last quarter. Rakuten Investment Management Inc. bought a new position in Ball in the third quarter valued at about $2,648,000. Lyell Wealth Management LP boosted its stake in shares of Ball by 6.2% during the third quarter. Lyell Wealth Management LP now owns 42,080 shares of the company’s stock valued at $2,358,000 after purchasing an additional 2,475 shares in the last quarter. Finally, Eads & Heald Wealth Management boosted its stake in shares of Ball by 2.8% during the third quarter. Eads & Heald Wealth Management now owns 16,483 shares of the company’s stock valued at $924,000 after purchasing an additional 452 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ball

In other news, SVP Mandy Glew sold 5,626 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total value of $358,938.80. Following the completion of the sale, the senior vice president owned 7,209 shares of the company’s stock, valued at approximately $459,934.20. This represents a 43.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.58% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Weiss Ratings cut Ball from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, November 4th. Truist Financial reaffirmed a “buy” rating and issued a $76.00 price objective (down from $78.00) on shares of Ball in a research note on Wednesday, November 4th. UBS Group raised their price objective on shares of Ball from $63.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, November 4th. Mizuho lifted their target price on shares of Ball from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 4th. Finally, Wells Fargo & Company reduced their target price on shares of Ball from $72.00 to $70.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.15.

Ball Stock Performance

NYSE BALL opened at $66.67 on Wednesday. The company has a market capitalization of $17.35 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 1.46 and a beta of 0.94. Ball Corporation has a twelve month low of $46.41 and a twelve month high of $69.57. The stock has a fifty day simple moving average of $61.51 and a 200 day simple moving average of $61.22. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 1.11.

Ball (NYSE:BALL) last announced its earnings results on Tuesday, November 3rd. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.03. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $3.78 billion. Ball had a return on equity of 18.81% and a net margin of 3.52%. Ball’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period last year, the company earned $1.02 EPS. Sell-side analysts expect that Ball Corporation will post 4.00 EPS for the current year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, December 1st. Ball’s payout ratio is 40.20%.

Ball Company Profile

Ball Corporation is a global supplier of aluminum packaging, best known for making beverage cans and ends for beverage companies. Its products are used for a range of drinks, including beer, soft drinks, energy drinks and other beverages. The company also offers aluminum cups and other specialty packaging products. Ball serves customers across North America, South America, Europe, the Middle East, Africa and Asia. Its packaging operations support beverage brands and producers with manufacturing capabilities in multiple regions.