City Holding Co. Has $72,000 Stock Holdings in Ball Co. (NYSE:BALL)

City Holding Co. trimmed its position in shares of Ball Co. (NYSE:BALL) by 13.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,297 shares of the company’s stock after selling 210 shares during the period. City Holding Co.’s holdings in Ball were worth $72,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BALL. Everence Capital Management Inc. purchased a new stake in shares of Ball during the 4th quarter worth about $774,000. Meeder Asset Management Inc. grew its position in Ball by 400.4% in the third quarter. Meeder Asset Management Inc. now owns 162,690 shares of the company’s stock worth $11,048,000 after acquiring an additional 130,175 shares in the last quarter. SkyView Investment Advisors LLC increased its stake in shares of Ball by 12.3% during the 2nd quarter. SkyView Investment Advisors LLC now owns 9,039 shares of the company’s stock worth $543,000 after purchasing an additional 990 shares during the last quarter. Hemenway Trust Co LLC raised its holdings in shares of Ball by 46.3% during the 3rd quarter. Hemenway Trust Co LLC now owns 275,083 shares of the company’s stock valued at $18,681,000 after purchasing an additional 87,120 shares in the last quarter. Finally, Estate Counselors LLC acquired a new stake in shares of Ball in the 3rd quarter valued at $1,825,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on BALL. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 target price on shares of Ball in a research report on Monday, November 4th. Wells Fargo & Company reissued an “underweight” rating and issued a $49.00 price objective (down from $56.00) on shares of Ball in a research note on Thursday, January 16th. Morgan Stanley decreased their target price on Ball from $78.00 to $75.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Mizuho raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price target on the stock in a research report on Tuesday, December 10th. Finally, UBS Group raised shares of Ball from a “sell” rating to a “neutral” rating and decreased their price objective for the stock from $62.00 to $58.00 in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Ball presently has an average rating of “Moderate Buy” and a consensus target price of $68.17.

Ball Stock Up 0.1 %

BALL stock opened at $54.33 on Tuesday. Ball Co. has a twelve month low of $51.96 and a twelve month high of $71.32. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79. The company has a market cap of $16.21 billion, a PE ratio of 4.10, a price-to-earnings-growth ratio of 1.24 and a beta of 0.93. The business’s 50-day simple moving average is $57.69 and its 200 day simple moving average is $61.61.

Ball (NYSE:BALL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Ball had a return on equity of 17.46% and a net margin of 34.05%. Ball’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 earnings per share. On average, research analysts anticipate that Ball Co. will post 3.15 earnings per share for the current year.

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Monday, December 2nd. Ball’s payout ratio is 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.