CreativeOne Wealth LLC increased its position in Ball Co. (NYSE:BALL – Free Report) by 3.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,170 shares of the company’s stock after purchasing an additional 230 shares during the period. CreativeOne Wealth LLC’s holdings in Ball were worth $415,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Independence Bank of Kentucky purchased a new position in Ball in the 1st quarter worth about $47,000. Wetzel Investment Advisors Inc. purchased a new position in Ball in the 4th quarter worth about $43,000. Friedenthal Financial purchased a new position in Ball in the 4th quarter worth about $43,000. NBC Securities Inc. raised its position in Ball by 31.0% in the 4th quarter. NBC Securities Inc. now owns 769 shares of the company’s stock worth $44,000 after buying an additional 182 shares during the last quarter. Finally, Manchester Capital Management LLC raised its position in Ball by 2,341.5% in the 4th quarter. Manchester Capital Management LLC now owns 1,001 shares of the company’s stock worth $58,000 after buying an additional 960 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.
Insider Activity
In other news, Director Pedro Henrique Mariani sold 5,000 shares of the 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 completion of the transaction, the director now directly owns 9,844 shares in the company, valued at approximately $688,095.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.81% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on Ball
Ball Price Performance
BALL stock traded up $1.20 during midday trading on Friday, hitting $63.25. The company’s stock had a trading volume of 1,155,070 shares, compared to its average volume of 1,673,879. Ball Co. has a 12 month low of $42.81 and a 12 month high of $71.32. The company has a quick ratio of 0.93, a current ratio of 1.21 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $19.63 billion, a price-to-earnings ratio of 4.76, a price-to-earnings-growth ratio of 1.71 and a beta of 0.85. The company has a 50 day moving average of $64.12 and a two-hundred day moving average of $63.74.
Ball (NYSE:BALL – Get Free Report) last posted its quarterly earnings results on Friday, April 26th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.12. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $3.23 billion. Ball had a return on equity of 21.79% and a net margin of 31.42%. The firm’s revenue for the quarter was down 17.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 EPS. On average, analysts expect that Ball Co. will post 3.09 EPS for the current year.
Ball announced that its board has authorized a stock buyback plan on Wednesday, April 24th that authorizes the company to buyback 40,000,000 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
Ball Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.26%. Ball’s dividend payout ratio 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.
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