Baader Bank Aktiengesellschaft Sells 375 Shares of Ball Co. (NYSE:BALL)

Baader Bank Aktiengesellschaft lessened its holdings in Ball Co. (NYSE:BALL) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,756 shares of the company’s stock after selling 375 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Ball were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Moors & Cabot Inc. raised its position in shares of Ball by 4.5% in the third quarter. Moors & Cabot Inc. now owns 4,442 shares of the company’s stock valued at $302,000 after purchasing an additional 192 shares during the period. Advisors Asset Management Inc. raised its holdings in Ball by 1.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 16,895 shares of the company’s stock valued at $1,147,000 after acquiring an additional 199 shares during the period. Park Avenue Securities LLC lifted its position in Ball by 2.1% during the fourth quarter. Park Avenue Securities LLC now owns 10,082 shares of the company’s stock worth $556,000 after acquiring an additional 210 shares during the last quarter. Opal Wealth Advisors LLC boosted its holdings in shares of Ball by 7.6% during the third quarter. Opal Wealth Advisors LLC now owns 3,033 shares of the company’s stock worth $206,000 after acquiring an additional 215 shares during the period. Finally, Empirical Finance LLC grew its position in shares of Ball by 2.0% in the third quarter. Empirical Finance LLC now owns 10,969 shares of the company’s stock valued at $745,000 after purchasing an additional 216 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BALL. UBS Group upgraded Ball from a “sell” rating to a “neutral” rating and reduced their price target for the company from $62.00 to $58.00 in a research note on Friday, January 10th. Morgan Stanley decreased their price target on shares of Ball from $78.00 to $75.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Truist Financial cut their price objective on shares of Ball from $78.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. Wells Fargo & Company reiterated an “underweight” rating and issued a $49.00 price target (down from $56.00) on shares of Ball in a research note on Thursday, January 16th. Finally, Citigroup lowered their price objective on Ball from $69.00 to $59.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Ball currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.17.

Ball Stock Up 1.6 %

BALL stock opened at $56.23 on Friday. The firm has a 50-day moving average price of $56.77 and a 200-day moving average price of $61.33. Ball Co. has a 12 month low of $51.96 and a 12 month high of $71.32. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $16.78 billion, a P/E ratio of 4.24, a price-to-earnings-growth ratio of 1.35 and a beta of 0.93.

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 analyst estimates of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the business posted $0.83 earnings per share. As a group, equities research analysts anticipate that Ball Co. will post 3.15 EPS for the current fiscal year.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.42%. Ball’s dividend payout ratio is currently 6.03%.

Ball declared that its board has initiated a stock buyback plan on Wednesday, January 29th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the company to buy up to 24.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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.