Nomura Asset Management Co. Ltd. Purchases 655 Shares of Ball Co. (NYSE:BALL)

Nomura Asset Management Co. Ltd. boosted its position in shares of Ball Co. (NYSE:BALL) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,994 shares of the company’s stock after acquiring an additional 655 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Ball were worth $5,182,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BALL. Picton Mahoney Asset Management increased its holdings in shares of Ball by 68.9% during the 4th quarter. Picton Mahoney Asset Management now owns 522 shares of the company’s stock worth $29,000 after acquiring an additional 213 shares during the last quarter. Venturi Wealth Management LLC boosted its position in Ball by 328.4% during the fourth quarter. Venturi Wealth Management LLC now owns 664 shares of the company’s stock worth $37,000 after purchasing an additional 509 shares during the period. Hager Investment Management Services LLC acquired a new position in shares of Ball in the fourth quarter valued at $76,000. ORG Wealth Partners LLC raised its position in shares of Ball by 298.9% in the fourth quarter. ORG Wealth Partners LLC now owns 1,428 shares of the company’s stock valued at $79,000 after purchasing an additional 1,070 shares during the period. Finally, Evermay Wealth Management LLC lifted its stake in shares of Ball by 35.1% during the 4th quarter. Evermay Wealth Management LLC now owns 1,743 shares of the company’s stock worth $96,000 after buying an additional 453 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on BALL. Citigroup decreased their price target on shares of Ball from $69.00 to $59.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Barclays lowered their target price on Ball from $72.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Mizuho raised Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price target for the company in a report on Tuesday, December 10th. Morgan Stanley decreased their price objective on Ball from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Finally, Truist Financial dropped their target price on Ball from $78.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.30.

Ball Trading Up 0.6 %

BALL opened at $52.38 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 1.00 and a debt-to-equity ratio of 0.90. Ball Co. has a twelve month low of $48.95 and a twelve month high of $71.32. The stock has a market capitalization of $14.79 billion, a price-to-earnings ratio of 4.14, a P/E/G ratio of 1.24 and a beta of 0.99. The company has a 50-day simple moving average of $52.09 and a 200 day simple moving average of $57.69.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.03. Ball had a net margin of 33.98% and a return on equity of 16.17%. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same quarter last year, the business posted $0.78 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. Analysts predict that Ball Co. will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.20 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.53%. Ball’s dividend payout ratio (DPR) is currently 6.32%.

Ball declared that its board has initiated a share buyback program on Wednesday, January 29th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 24.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are 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.