Brown Advisory Inc. Lowers Holdings in Ball Co. (NYSE:BALL)

Brown Advisory Inc. decreased its position in Ball Co. (NYSE:BALLFree Report) by 13.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,249 shares of the company’s stock after selling 10,482 shares during the period. Brown Advisory Inc.’s holdings in Ball were worth $3,811,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of BALL. Boston Partners purchased a new stake in shares of Ball during the 4th quarter valued at $109,022,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of Ball by 146.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,470,641 shares of the company’s stock valued at $71,730,000 after purchasing an additional 874,325 shares during the last quarter. Mirova US LLC lifted its holdings in shares of Ball by 49.2% during the 4th quarter. Mirova US LLC now owns 2,527,925 shares of the company’s stock valued at $145,406,000 after purchasing an additional 833,494 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ball by 21.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,134,123 shares of the company’s stock valued at $122,764,000 after purchasing an additional 381,780 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Ball during the 3rd quarter valued at $17,791,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BALL. Wolfe Research began coverage on Ball in a report on Friday, March 1st. They set a “peer perform” rating for the company. Wells Fargo & Company increased their price objective on Ball from $65.00 to $69.00 and gave the company an “equal weight” rating in a report on Monday, April 29th. Bank of America raised Ball from an “underperform” rating to a “buy” rating and upped their target price for the company from $61.00 to $72.00 in a research report on Monday, March 4th. Truist Financial upped their target price on Ball from $60.00 to $67.00 and gave the company a “hold” rating in a research report on Monday, April 29th. Finally, Jefferies Financial Group upped their target price on Ball from $69.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $69.23.

View Our Latest Research Report on Ball

Ball Price Performance

Shares of BALL opened at $70.12 on Thursday. The company has a market capitalization of $21.76 billion, a P/E ratio of 5.28, a P/E/G ratio of 4.53 and a beta of 0.87. Ball Co. has a fifty-two week low of $42.81 and a fifty-two week high of $71.32. The business’s 50-day moving average is $67.25 and its two-hundred day moving average is $60.98. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.93 and a current ratio of 1.21.

Ball (NYSE:BALLGet Free Report) last issued its quarterly earnings results on Friday, April 26th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.12. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $3.23 billion. Ball had a net margin of 31.42% and a return on equity of 21.79%. Ball’s quarterly revenue was down 17.6% compared to the same quarter last year. During the same period last year, the company posted $0.69 EPS. Research analysts predict that Ball Co. will post 3.09 earnings per share for the current year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Monday, June 3rd. Ball’s dividend payout ratio (DPR) is 6.02%.

Ball announced that its Board of Directors has initiated a share buyback program on Wednesday, April 24th that permits the company to buyback 40,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

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

Ball Company 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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