SRS Capital Advisors Inc. Has $113,000 Stock Holdings in Ball Co. (NYSE:BALL)

SRS Capital Advisors Inc. increased its position in shares of Ball Co. (NYSE:BALL) by 367.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,058 shares of the company’s stock after buying an additional 1,618 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Ball were worth $113,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Ball by 15.4% during the third quarter. FMR LLC now owns 4,418,570 shares of the company’s stock valued at $300,065,000 after acquiring an additional 588,282 shares in the last quarter. First Merchants Corp grew its position in Ball by 1,335.8% in the 4th quarter. First Merchants Corp now owns 619,205 shares of the company’s stock valued at $34,137,000 after purchasing an additional 576,078 shares during the period. Franklin Resources Inc. increased its stake in Ball by 4.7% during the 3rd quarter. Franklin Resources Inc. now owns 6,954,876 shares of the company’s stock valued at $453,144,000 after purchasing an additional 309,587 shares in the last quarter. Van ECK Associates Corp raised its holdings in Ball by 3,599.7% during the fourth quarter. Van ECK Associates Corp now owns 317,321 shares of the company’s stock worth $17,494,000 after buying an additional 308,744 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Ball by 402.1% in the third quarter. KBC Group NV now owns 265,261 shares of the company’s stock valued at $18,014,000 after buying an additional 212,430 shares in the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on BALL. Truist Financial decreased their target price on shares of Ball from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Morgan Stanley cut their price target on Ball from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Barclays lowered their price objective on Ball from $72.00 to $61.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Mizuho raised Ball from a “neutral” rating to an “outperform” rating and set a $67.00 target price on the stock in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $49.00 price target (down previously from $56.00) on shares of Ball in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.64.

Ball Stock Up 1.7 %

Shares of NYSE:BALL opened at $51.92 on Thursday. Ball Co. has a 1 year low of $48.95 and a 1 year high of $71.32. The company has a market capitalization of $14.68 billion, a PE ratio of 4.10, a price-to-earnings-growth ratio of 1.24 and a beta of 0.94. The business has a fifty day moving average price of $53.01 and a two-hundred day moving average price of $59.37. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 0.69.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.03. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.92 billion. Ball had a net margin of 33.98% and a return on equity of 16.17%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share. Analysts forecast that Ball Co. will post 3.48 earnings per share for the current year.

Ball declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 29th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the company to purchase up to 24.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.80 annualized dividend and a dividend yield of 1.54%. Ball’s payout ratio is currently 6.32%.

Ball Company 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.