RDA Financial Network Buys 3,930 Shares of Ball Co. (NYSE:BALL)

RDA Financial Network increased its stake in shares of Ball Co. (NYSE:BALL) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,628 shares of the company’s stock after buying an additional 3,930 shares during the period. RDA Financial Network’s holdings in Ball were worth $1,082,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Everence Capital Management Inc. purchased a new position in shares of Ball during the 4th quarter valued at $774,000. Meeder Asset Management Inc. raised its stake in Ball by 400.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 162,690 shares of the company’s stock valued at $11,048,000 after acquiring an additional 130,175 shares during the period. SkyView Investment Advisors LLC lifted its holdings in Ball by 12.3% during the second quarter. SkyView Investment Advisors LLC now owns 9,039 shares of the company’s stock valued at $543,000 after purchasing an additional 990 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 purchasing an additional 171,924 shares during the period. Finally, Hemenway Trust Co LLC boosted its position in Ball by 46.3% during the third quarter. Hemenway Trust Co LLC now owns 275,083 shares of the company’s stock worth $18,681,000 after purchasing an additional 87,120 shares during the period. Institutional investors own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BALL shares. Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price target on shares of Ball in a research report on Monday, November 4th. Morgan Stanley cut their price objective on shares of Ball from $78.00 to $75.00 and set an “overweight” rating on the stock in a research report on Monday. UBS Group upgraded shares of Ball from a “sell” rating to a “neutral” rating and dropped their target price for the stock from $62.00 to $58.00 in a research note on Friday, January 10th. Wells Fargo & Company reissued an “underweight” rating and set a $49.00 price target (down previously from $56.00) on shares of Ball in a research report on Thursday. Finally, Truist Financial lowered their price objective on Ball from $78.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ball has an average rating of “Moderate Buy” and a consensus price target of $68.17.

Ball Stock Down 0.1 %

Ball stock opened at $54.22 on Friday. Ball Co. has a one year low of $51.96 and a one year high of $71.32. The stock has a fifty day moving average of $57.93 and a 200 day moving average of $61.67. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 1.09. The stock has a market cap of $16.18 billion, a PE ratio of 4.09, a price-to-earnings-growth ratio of 1.24 and a beta of 0.93.

Ball (NYSE:BALL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Ball had a return on equity of 17.46% and a net margin of 34.05%. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the company posted $0.83 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts predict that Ball Co. will post 3.15 EPS for the current year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.48%. Ball’s dividend payout ratio is currently 6.03%.

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.