Wealth Alliance Has $247,000 Stake in Ball Co. (NYSE:BALL)

Wealth Alliance decreased its position in Ball Co. (NYSE:BALL) by 12.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,115 shares of the company’s stock after selling 602 shares during the quarter. Wealth Alliance’s holdings in Ball were worth $247,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bradley Foster & Sargent Inc. CT bought a new stake in Ball in the second quarter worth approximately $730,000. Virtu Financial LLC acquired a new stake in shares of Ball in the 2nd quarter valued at $773,000. Renaissance Technologies LLC boosted its holdings in Ball by 18.0% in the second 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. Dimensional Fund Advisors LP increased its position in Ball by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,414,615 shares of the company’s stock worth $144,951,000 after buying an additional 171,924 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in Ball by 7.1% during the second quarter. Brown Brothers Harriman & Co. now owns 16,112 shares of the company’s stock valued at $967,000 after buying an additional 1,072 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Performance

NYSE BALL opened at $66.31 on Friday. The company’s fifty day moving average is $63.70 and its two-hundred day moving average is $65.13. The firm has a market capitalization of $20.58 billion, a price-to-earnings ratio of 4.99, a P/E/G ratio of 1.64 and a beta of 0.88. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.18 and a quick ratio of 0.88. Ball Co. has a 52-week low of $42.81 and a 52-week high of $71.32.

Ball (NYSE:BALL) last released its earnings results on Thursday, August 1st. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.10 billion. Ball had a return on equity of 19.45% and a net margin of 32.79%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the business earned $0.61 earnings per share. Equities research analysts forecast that Ball Co. will post 3.12 EPS for the current year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.21%. Ball’s payout ratio is 6.02%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Citigroup decreased their price target on Ball from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Monday, July 8th. Truist Financial reaffirmed a “buy” rating and set a $78.00 target price (up previously from $76.00) on shares of Ball in a research report on Friday, August 2nd. Morgan Stanley upgraded Ball from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $69.00 to $78.00 in a report on Wednesday, September 4th. Robert W. Baird upgraded shares of Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price objective for the company in a research note on Wednesday, August 14th. Finally, Baird R W upgraded shares of Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Ball presently has an average rating of “Moderate Buy” and a consensus price target of $70.83.

About Ball

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.