Ball Co. (NYSE:BALL) SVP Mandy Glew Buys 563 Shares

Ball Co. (NYSE:BALL) SVP Mandy Glew purchased 563 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was bought at an average cost of $68.15 per share, for a total transaction of $38,368.45. Following the purchase, the senior vice president now directly owns 3,563 shares in the company, valued at $242,818.45. This represents a 18.77 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ball Stock Up 1.6 %

NYSE BALL traded up $0.90 during trading on Thursday, reaching $56.23. The company’s stock had a trading volume of 3,694,418 shares, compared to its average volume of 2,395,896. The business has a 50-day moving average price of $56.77 and a 200-day moving average price of $61.33. Ball Co. has a 1-year low of $51.96 and a 1-year high of $71.32. The stock has a market capitalization of $16.78 billion, a PE ratio of 4.24, a PEG ratio of 1.35 and a beta of 0.93. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79.

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

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.20 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.80 annualized dividend and a yield of 1.42%. Ball’s dividend payout ratio (DPR) is presently 6.03%.

Ball declared that its board has approved a share repurchase program on Wednesday, January 29th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 24.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Moors & Cabot Inc. raised its position in Ball by 4.5% in the third quarter. Moors & Cabot Inc. now owns 4,442 shares of the company’s stock worth $302,000 after purchasing an additional 192 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Ball by 1.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 16,895 shares of the company’s stock worth $1,147,000 after buying an additional 199 shares during the period. Park Avenue Securities LLC boosted its stake in Ball by 2.1% in the 4th quarter. Park Avenue Securities LLC now owns 10,082 shares of the company’s stock valued at $556,000 after buying an additional 210 shares in the last quarter. Opal Wealth Advisors LLC boosted its stake in Ball by 7.6% in the 3rd quarter. Opal Wealth Advisors LLC now owns 3,033 shares of the company’s stock valued at $206,000 after buying an additional 215 shares in the last quarter. Finally, Empirical Finance LLC grew its position in Ball by 2.0% in the third quarter. Empirical Finance LLC now owns 10,969 shares of the company’s stock valued at $745,000 after acquiring an additional 216 shares during the period. 86.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on BALL. Wells Fargo & Company reissued an “underweight” rating and issued a $49.00 target price (down from $56.00) on shares of Ball in a research report on Thursday, January 16th. Morgan Stanley cut their target price on shares of Ball from $78.00 to $75.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Mizuho raised Ball from a “neutral” rating to an “outperform” rating and set a $67.00 target price for the company in a research report on Tuesday, December 10th. Citigroup dropped their price target on Ball from $69.00 to $59.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, Truist Financial dropped their target price on Ball from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Ball presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.17.

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.