Ball Co. (NYSE:BALL) Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP reduced its stake in shares of Ball Co. (NYSE:BALL - Free Report) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 251,548 shares of the company's stock after selling 20,426 shares during the quarter. Quantinno Capital Management LP owned approximately 0.08% of Ball worth $13,868,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BALL. Park Avenue Securities LLC raised its stake in Ball by 2.1% in the fourth quarter. Park Avenue Securities LLC now owns 10,082 shares of the company's stock valued at $556,000 after buying an additional 210 shares during the last quarter. Picton Mahoney Asset Management raised its stake in Ball by 68.9% in the fourth quarter. Picton Mahoney Asset Management now owns 522 shares of the company's stock valued at $29,000 after buying an additional 213 shares during the last quarter. Jag Capital Management LLC raised its stake in Ball by 1.0% in the fourth quarter. Jag Capital Management LLC now owns 26,729 shares of the company's stock valued at $1,474,000 after buying an additional 271 shares during the last quarter. Crumly & Associates Inc. raised its stake in Ball by 3.3% in the fourth quarter. Crumly & Associates Inc. now owns 9,050 shares of the company's stock valued at $499,000 after buying an additional 293 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in Ball by 14.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 2,631 shares of the company's stock valued at $145,000 after buying an additional 337 shares during the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays decreased their price target on Ball from $61.00 to $57.00 and set an "equal weight" rating for the company in a research note on Wednesday. Truist Financial decreased their price target on Ball from $65.00 to $58.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company increased their price target on Ball from $44.00 to $50.00 and gave the company an "underweight" rating in a research note on Wednesday, May 7th. Mizuho decreased their price target on Ball from $63.00 to $58.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, UBS Group cut their price objective on Ball from $55.00 to $54.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $61.00.

Ball Stock Performance

Shares of BALL stock traded up $0.39 during mid-day trading on Friday, reaching $53.76. The stock had a trading volume of 1,800,658 shares, compared to its average volume of 2,146,062. The business's fifty day moving average is $50.29 and its 200-day moving average is $53.88. The company has a current ratio of 1.00, a quick ratio of 0.69 and a debt-to-equity ratio of 0.90. The firm has a market cap of $14.91 billion, a price-to-earnings ratio of 4.25, a PEG ratio of 1.24 and a beta of 1.10. Ball Co. has a 1-year low of $43.51 and a 1-year high of $70.73.

Ball (NYSE:BALL - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $2.91 billion. Ball had a return on equity of 16.17% and a net margin of 33.98%. Ball's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. On average, research analysts forecast that Ball Co. will post 3.48 earnings per share for the current year.

Ball Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Monday, June 2nd. Ball's dividend payout ratio (DPR) is 47.62%.

Ball announced that its board has approved a stock repurchase program on Wednesday, January 29th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 24.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

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.