Intrepid Financial Planning Group LLC Sells 350 Shares of Ball Co. (NYSE:BALL)

Intrepid Financial Planning Group LLC decreased its position in shares of Ball Co. (NYSE:BALL) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,828 shares of the company’s stock after selling 350 shares during the period. Intrepid Financial Planning Group LLC’s holdings in Ball were worth $590,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Waterloo Capital L.P. increased its holdings in shares of Ball by 64.7% during the second quarter. Waterloo Capital L.P. now owns 13,474 shares of the company’s stock worth $809,000 after purchasing an additional 5,293 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Ball by 13.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,193 shares of the company’s stock worth $1,331,000 after acquiring an additional 2,638 shares during the period. Bradley Foster & Sargent Inc. CT acquired a new position in Ball in the 2nd quarter valued at $730,000. Virtu Financial LLC bought a new stake in shares of Ball during the 2nd quarter valued at $773,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Ball by 18.0% during the 2nd quarter. Renaissance Technologies LLC now owns 126,322 shares of the company’s stock worth $7,582,000 after purchasing an additional 19,300 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Robert W. Baird raised Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price target for the company in a research note on Wednesday, August 14th. Citigroup dropped their target price on shares of Ball from $73.00 to $66.00 and set a “neutral” rating for the company in a research report on Monday, July 8th. Royal Bank of Canada reduced their price target on shares of Ball from $80.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Truist Financial reissued a “buy” rating and issued a $78.00 price objective (up from $76.00) on shares of Ball in a research note on Friday, August 2nd. Finally, Wells Fargo & Company cut their target price on Ball from $64.00 to $61.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.83.

Ball Stock Down 1.0 %

Shares of BALL opened at $66.52 on Thursday. The stock has a market capitalization of $20.65 billion, a price-to-earnings ratio of 5.01, a PEG ratio of 1.64 and a beta of 0.88. Ball Co. has a 52 week low of $42.81 and a 52 week high of $71.32. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.18. The stock has a fifty day moving average of $63.46 and a 200-day moving average of $65.11.

Ball (NYSE:BALL) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Ball had a return on equity of 19.45% and a net margin of 32.79%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 earnings per share. As a group, sell-side analysts anticipate that Ball Co. will post 3.12 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Tuesday, September 3rd. Ball’s dividend payout ratio (DPR) is currently 6.02%.

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.