Mercer Global Advisors Inc. ADV bought a new position in shares of Ball Co. (NYSE:BALL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 115,730 shares of the company's stock, valued at approximately $6,380,000.
A number of other large investors have also recently modified their holdings of the business. Picton Mahoney Asset Management lifted its stake in Ball by 68.9% in the 4th quarter. Picton Mahoney Asset Management now owns 522 shares of the company's stock valued at $29,000 after purchasing an additional 213 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of 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 buying an additional 509 shares in the last quarter. Parvin Asset Management LLC bought a new position in shares of Ball in the 4th quarter valued at $70,000. Hager Investment Management Services LLC bought a new position in shares of Ball in the 4th quarter valued at $76,000. Finally, ORG Wealth Partners LLC boosted its holdings in shares of Ball by 298.9% during the 4th quarter. ORG Wealth Partners LLC now owns 1,428 shares of the company's stock valued at $79,000 after acquiring an additional 1,070 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Royal Bank of Canada upped their target price on Ball from $62.00 to $63.00 and gave the stock an "outperform" rating in a report on Thursday. Loop Capital lowered their price objective on Ball from $83.00 to $78.00 and set a "buy" rating for the company in a research note on Wednesday. UBS Group cut their target price 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. Barclays decreased their price target on shares of 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, Wells Fargo & Company lifted their price target on shares of Ball from $44.00 to $50.00 and gave the stock an "underweight" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.40.
Get Our Latest Research Report on BALL
Ball Trading Up 0.8 %
Shares of NYSE:BALL traded up $0.40 during trading on Friday, reaching $52.18. The stock had a trading volume of 1,711,318 shares, compared to its average volume of 2,127,786. Ball Co. has a 52 week low of $43.51 and a 52 week high of $70.97. 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 firm's fifty day moving average is $50.26 and its 200 day moving average is $54.25. The stock has a market cap of $14.48 billion, a price-to-earnings ratio of 4.12, a P/E/G ratio of 1.24 and a beta of 1.10.
Ball (NYSE:BALL - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. Ball had a net margin of 33.98% and a return on equity of 16.17%. The business had revenue of $3.10 billion for the quarter, compared to analysts' expectations of $2.91 billion. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The business's quarterly revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts forecast that Ball Co. will post 3.48 EPS for the current fiscal year.
Ball Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.80 annualized dividend and a yield of 1.53%. Ball's dividend payout ratio is currently 47.62%.
Ball declared that its board has initiated a share repurchase program on Wednesday, January 29th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 24.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.
About Ball
(
Free Report)
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.
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