Ball Co. (NYSE:BALL) Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC decreased its holdings in shares of Ball Co. (NYSE:BALL) by 12.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,633 shares of the company’s stock after selling 524 shares during the period. GAMMA Investing LLC’s holdings in Ball were worth $200,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. National Bank of Canada FI increased its holdings in Ball by 14.7% in the second quarter. National Bank of Canada FI now owns 2,612 shares of the company’s stock valued at $155,000 after buying an additional 335 shares in the last quarter. Private Advisor Group LLC increased its stake in Ball by 27.2% in the 2nd quarter. Private Advisor Group LLC now owns 10,626 shares of the company’s stock valued at $638,000 after purchasing an additional 2,270 shares in the last quarter. Savant Capital LLC increased its stake in Ball by 2.3% in the 2nd quarter. Savant Capital LLC now owns 14,563 shares of the company’s stock valued at $874,000 after purchasing an additional 326 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Ball during the second quarter worth $384,000. Finally, Quest Partners LLC boosted its position in Ball by 53,376.2% during the second quarter. Quest Partners LLC now owns 11,230 shares of the company’s stock worth $674,000 after purchasing an additional 11,209 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Citigroup dropped their price target on Ball from $69.00 to $59.00 and set a “neutral” rating for the company in a research report on Monday. Truist Financial dropped their target price on shares of Ball from $78.00 to $73.00 and set a “buy” rating for the company in a report on Monday. Mizuho raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price target on the stock in a report on Tuesday, December 10th. Wells Fargo & Company dropped their price objective on shares of Ball from $61.00 to $56.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price target on shares of Ball in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Ball has a consensus rating of “Moderate Buy” and a consensus price target of $69.08.

Ball Stock Performance

NYSE:BALL opened at $53.49 on Thursday. Ball Co. has a fifty-two week low of $52.97 and a fifty-two week high of $71.32. The firm’s 50 day moving average is $58.54 and its two-hundred day moving average is $61.93. The company has a market cap of $15.96 billion, a P/E ratio of 4.03, a P/E/G ratio of 1.44 and a beta of 0.93. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79.

Ball (NYSE:BALL) last issued its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Ball had a return on equity of 17.46% and a net margin of 34.05%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 earnings per share. Analysts expect that Ball Co. will post 3.15 EPS for the current year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Monday, December 2nd. Ball’s dividend payout ratio (DPR) is presently 6.03%.

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.