Hsbc Holdings PLC Purchases 19,592 Shares of Ball Co. (NYSE:BALL)

Hsbc Holdings PLC increased its position in Ball Co. (NYSE:BALL - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,298,029 shares of the company's stock after acquiring an additional 19,592 shares during the quarter. Hsbc Holdings PLC owned about 0.43% of Ball worth $71,533,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Picton Mahoney Asset Management grew its position in shares of 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 purchasing an additional 213 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Ball by 328.4% during the 4th quarter. Venturi Wealth Management LLC now owns 664 shares of the company's stock valued at $37,000 after buying an additional 509 shares in the last quarter. Hager Investment Management Services LLC purchased a new position in Ball during the 4th quarter valued at about $76,000. ORG Wealth Partners LLC increased its position in shares of Ball by 298.9% during the fourth quarter. ORG Wealth Partners LLC now owns 1,428 shares of the company's stock valued at $79,000 after buying an additional 1,070 shares during the period. Finally, Evermay Wealth Management LLC lifted its holdings in shares of Ball by 35.1% in the fourth quarter. Evermay Wealth Management LLC now owns 1,743 shares of the company's stock worth $96,000 after buying an additional 453 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Ball Trading Down 0.8 %

Shares of BALL stock traded down $0.41 on Wednesday, hitting $51.98. 443,696 shares of the company's stock traded hands, compared to its average volume of 2,111,172. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.69 and a current ratio of 1.00. The stock has a market capitalization of $14.68 billion, a price-to-earnings ratio of 4.10, a P/E/G ratio of 1.24 and a beta of 1.01. The company's fifty day simple moving average is $50.28 and its 200 day simple moving average is $55.07. Ball Co. has a one year low of $43.51 and a one year high of $71.32.

Ball (NYSE:BALL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.81 by $0.03. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.92 billion. Ball had a return on equity of 16.17% and a net margin of 33.98%. The company's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 earnings per share. Equities analysts forecast that Ball Co. will post 3.48 EPS for the current year.

Ball announced that its board has authorized a share repurchase plan on Wednesday, January 29th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 24.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms recently weighed in on BALL. Citigroup decreased their target price on shares of Ball from $69.00 to $59.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Barclays lowered their price objective on Ball from $72.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Royal Bank of Canada reduced their target price on Ball from $75.00 to $66.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Truist Financial lowered their price target on Ball from $65.00 to $58.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, UBS Group decreased their price objective on shares of Ball from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Ball presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.80.

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.