Veracity Capital LLC Has $826,000 Stock Holdings in Ball Co. (NYSE:BALL)

Veracity Capital LLC lifted its position in shares of Ball Co. (NYSE:BALL) by 326.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,980 shares of the company’s stock after buying an additional 11,464 shares during the quarter. Veracity Capital LLC’s holdings in Ball were worth $826,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Moors & Cabot Inc. lifted its position in shares of Ball by 4.5% during the 3rd quarter. Moors & Cabot Inc. now owns 4,442 shares of the company’s stock valued at $302,000 after acquiring an additional 192 shares during the period. Advisors Asset Management Inc. increased its holdings in Ball by 1.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 16,895 shares of the company’s stock valued at $1,147,000 after buying an additional 199 shares during the period. Park Avenue Securities LLC raised its position in shares of 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 raised its position in shares of 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 lifted its holdings in shares of Ball by 2.0% during the 3rd quarter. Empirical Finance LLC now owns 10,969 shares of the company’s stock worth $745,000 after acquiring an additional 216 shares during the period. Institutional investors own 86.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Truist Financial decreased their price objective on shares of Ball from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Morgan Stanley lowered their price target on Ball from $78.00 to $75.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Ball in a research note on Monday, November 4th. UBS Group raised shares of Ball from a “sell” rating to a “neutral” rating and dropped their target price for the stock from $62.00 to $58.00 in a report on Friday, January 10th. Finally, Mizuho raised Ball from a “neutral” rating to an “outperform” rating and set a $67.00 target price for the company in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.17.

Ball Trading Up 1.6 %

NYSE:BALL opened at $55.20 on Friday. Ball Co. has a 12 month low of $51.96 and a 12 month high of $71.32. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $16.47 billion, a price-to-earnings ratio of 4.16, a PEG ratio of 1.37 and a beta of 0.93. The firm has a fifty day simple moving average of $57.30 and a two-hundred day simple moving average of $61.48.

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, topping analysts’ consensus estimates of $0.87 by $0.04. Ball had a net margin of 34.05% and a return on equity of 17.46%. The company had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The business’s revenue was down .9% on a year-over-year basis. Analysts expect that Ball Co. will post 3.15 EPS for the current fiscal year.

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.