8,229 Shares in Ball Co. (NYSE:BALL) Acquired by Jump Financial LLC

Jump Financial LLC acquired a new stake in shares of Ball Co. (NYSE:BALL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,229 shares of the company's stock, valued at approximately $454,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Franklin Resources Inc. lifted its stake in shares of Ball by 11.6% during the fourth quarter. Franklin Resources Inc. now owns 7,758,604 shares of the company's stock valued at $427,732,000 after buying an additional 803,728 shares during the period. Invesco Ltd. increased its holdings in shares of Ball by 25.3% during the 4th quarter. Invesco Ltd. now owns 4,159,436 shares of the company's stock worth $229,310,000 after buying an additional 840,357 shares during the last quarter. Norges Bank purchased a new position in shares of Ball in the 4th quarter worth $190,105,000. Charles Schwab Investment Management Inc. boosted its holdings in Ball by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,891,046 shares of the company's stock valued at $104,253,000 after acquiring an additional 36,809 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Ball during the fourth quarter valued at about $94,861,000. Hedge funds and other institutional investors own 86.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BALL. Truist Financial lowered their price target on Ball from $65.00 to $58.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Mizuho lowered their price target on Ball from $63.00 to $58.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Morgan Stanley lowered their price target on Ball from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Barclays lowered their price target on Ball from $72.00 to $61.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Finally, Citigroup decreased their target price on Ball from $69.00 to $59.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $60.80.

Ball Stock Down 0.9 %

NYSE BALL traded down $0.45 during mid-day trading on Wednesday, reaching $51.94. 2,569,010 shares of the company's stock traded hands, compared to its average volume of 2,113,907. Ball Co. has a 1-year low of $43.51 and a 1-year high of $70.97. The company has a fifty day simple moving average of $50.29 and a 200-day simple moving average of $55.05. 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 company has a market cap of $14.67 billion, a price-to-earnings ratio of 4.10, a P/E/G ratio of 1.24 and a beta of 1.01.

Ball (NYSE:BALL - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.03. Ball had a return on equity of 16.17% and a net margin of 33.98%. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter last year, the business posted $0.78 EPS. Ball's quarterly revenue was down .8% compared to the same quarter last year. As a group, equities research analysts expect that Ball Co. will post 3.48 EPS for the current year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.54%. Ball's dividend payout ratio (DPR) is 6.32%.

Ball announced that its Board of Directors has initiated a stock repurchase program on Wednesday, January 29th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 24.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is 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.