Ball Co. (NYSE:BALL) Shares Sold by Cwm LLC

CWM LLC trimmed its holdings in shares of Ball Co. (NYSE:BALL - Free Report) by 4.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 332,918 shares of the company's stock after selling 13,906 shares during the period. CWM LLC owned approximately 0.11% of Ball worth $19,149,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. abrdn plc raised its position in Ball by 22.5% in the 4th quarter. abrdn plc now owns 422,399 shares of the company's stock valued at $24,296,000 after buying an additional 77,708 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in Ball in the 4th quarter valued at $43,000. Eukles Asset Management raised its position in Ball by 0.5% in the 4th quarter. Eukles Asset Management now owns 64,612 shares of the company's stock valued at $3,716,000 after buying an additional 352 shares during the last quarter. Colton Groome Financial Advisors LLC increased its position in shares of Ball by 22.9% during the 4th quarter. Colton Groome Financial Advisors LLC now owns 11,040 shares of the company's stock valued at $635,000 after purchasing an additional 2,055 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Ball by 71.8% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,055 shares of the company's stock valued at $61,000 after purchasing an additional 441 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Daniel William Fisher purchased 3,869 shares of the business's stock in a transaction on Thursday, March 14th. The shares were acquired at an average price of $64.56 per share, with a total value of $249,782.64. Following the acquisition, the insider now directly owns 111,866 shares in the company, valued at $7,222,068.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.81% of the company's stock.

Ball Price Performance

Shares of NYSE:BALL traded up $0.48 during trading on Monday, reaching $65.43. The company had a trading volume of 1,840,830 shares, compared to its average volume of 1,830,719. The company has a fifty day moving average of $64.63 and a two-hundred day moving average of $57.41. The stock has a market capitalization of $20.65 billion, a P/E ratio of 29.17, a price-to-earnings-growth ratio of 4.20 and a beta of 0.89. Ball Co. has a 12 month low of $42.81 and a 12 month high of $67.97. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.96.

Ball (NYSE:BALL - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.01. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.56 billion. Ball had a net margin of 5.04% and a return on equity of 23.81%. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 EPS. Equities research analysts forecast that Ball Co. will post 3.09 earnings per share for the current year.

Ball Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, February 29th. Ball's dividend payout ratio (DPR) is presently 35.71%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BALL. Citigroup began coverage on Ball in a research report on Wednesday, March 27th. They set a "neutral" rating and a $70.00 target price for the company. UBS Group assumed coverage on Ball in a report on Tuesday, January 16th. They issued a "sell" rating and a $55.00 price objective for the company. Bank of America raised shares of Ball from an "underperform" rating to a "buy" rating and upped their price objective for the company from $61.00 to $72.00 in a report on Monday, March 4th. Morgan Stanley began coverage on shares of Ball in a research note on Monday, March 18th. They set an "equal weight" rating and a $68.00 price target on the stock. Finally, Wolfe Research began coverage on shares of Ball in a research note on Friday, March 1st. They set a "peer perform" rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $65.58.

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.