CreativeOne Wealth LLC Purchases 230 Shares of Ball Co. (NYSE:BALL)

CreativeOne Wealth LLC increased its position in Ball Co. (NYSE:BALL) 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

BALL has been the subject of a number of recent analyst reports. Citigroup decreased their target price on Ball from $73.00 to $66.00 and set a “neutral” rating for the company in a research report on Monday, July 8th. Barclays upped their price target on shares of Ball from $71.00 to $72.00 and gave the company an “equal weight” rating in a research report on Monday, May 6th. Royal Bank of Canada upped their price target on shares of Ball from $74.00 to $82.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Robert W. Baird upped their price target on shares of Ball from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Finally, Truist Financial raised shares of Ball from a “hold” rating to a “buy” rating and upped their price target for the company from $67.00 to $76.00 in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $69.08.

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) 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.