Ball Co. (NYSE:BALL) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC decreased its holdings in shares of Ball Co. (NYSE:BALL) by 53.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 82,396 shares of the company’s stock after selling 93,491 shares during the period. International Assets Investment Management LLC’s holdings in Ball were worth $4,542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Peterson Financial Group Inc. purchased a new position in Ball during the 3rd quarter worth $30,000. Catalyst Capital Advisors LLC purchased a new position in Ball during the third quarter worth about $47,000. Quarry LP lifted its position in Ball by 598.6% in the second quarter. Quarry LP now owns 999 shares of the company’s stock valued at $60,000 after purchasing an additional 856 shares during the period. Brooklyn Investment Group acquired a new position in Ball during the 3rd quarter worth approximately $66,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Ball by 334.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $68,000 after buying an additional 815 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on BALL. Truist Financial reduced their target price on Ball from $78.00 to $73.00 and set a “buy” rating for the company in a report on Monday. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price objective on shares of Ball in a report on Monday, November 4th. Mizuho upgraded shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price target for the company in a research report on Tuesday, December 10th. Wells Fargo & Company lowered their price target on Ball from $61.00 to $56.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Citigroup reduced their price objective on Ball from $69.00 to $59.00 and set a “neutral” rating for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.08.

Ball Stock Down 0.7 %

Shares of NYSE BALL traded down $0.36 during trading on Wednesday, reaching $53.33. 297,386 shares of the stock were exchanged, compared to its average volume of 1,848,927. The company has a market capitalization of $15.92 billion, a price-to-earnings ratio of 4.02, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. The business’s 50-day moving average price is $58.75 and its 200 day moving average price is $61.99. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79. Ball Co. has a twelve month low of $52.97 and a twelve month high of $71.32.

Ball (NYSE:BALL) last released its earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Ball had a return on equity of 17.46% and a net margin of 34.05%. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the business posted $0.83 EPS. Ball’s quarterly revenue was down .9% compared to the same quarter last year. As a group, equities analysts forecast that Ball Co. will post 3.15 EPS for the current fiscal year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Monday, December 2nd. Ball’s dividend payout ratio is presently 6.03%.

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.