Crumly & Associates Inc. Buys 293 Shares of Ball Co. (NYSE:BALL)

Crumly & Associates Inc. boosted its stake in shares of Ball Co. (NYSE:BALL) by 3.3% in the fourth quarter, Holdings Channel reports. The firm owned 9,050 shares of the company’s stock after acquiring an additional 293 shares during the period. Crumly & Associates Inc.’s holdings in Ball were worth $499,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning boosted its position in shares of Ball by 8.8% in the third quarter. Creative Planning now owns 20,827 shares of the company’s stock valued at $1,414,000 after acquiring an additional 1,679 shares during the period. Blue Trust Inc. boosted its position in shares of Ball by 35.7% in the third quarter. Blue Trust Inc. now owns 2,064 shares of the company’s stock valued at $140,000 after acquiring an additional 543 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of Ball in the third quarter valued at approximately $222,000. Signaturefd LLC boosted its position in shares of Ball by 57.3% in the third quarter. Signaturefd LLC now owns 2,270 shares of the company’s stock valued at $154,000 after acquiring an additional 827 shares during the period. Finally, Private Advisor Group LLC boosted its position in shares of Ball by 10.7% in the third quarter. Private Advisor Group LLC now owns 11,761 shares of the company’s stock valued at $799,000 after acquiring an additional 1,135 shares during the period. Institutional investors own 86.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BALL shares. Truist Financial reduced their price objective on Ball from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, January 6th. 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. UBS Group reduced their target price on Ball from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Morgan Stanley reduced their target price on Ball from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Citigroup reduced their target price on Ball from $69.00 to $59.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Ball presently has a consensus rating of “Moderate Buy” and an average target price of $65.25.

Ball Stock Performance

Ball stock opened at $50.45 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 0.69. The stock has a fifty day moving average price of $53.88 and a two-hundred day moving average price of $60.09. Ball Co. has a 52-week low of $48.95 and a 52-week high of $71.32. The firm has a market capitalization of $15.05 billion, a P/E ratio of 3.98, a P/E/G ratio of 1.21 and a beta of 0.94.

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.03. Ball had a return on equity of 16.17% and a net margin of 33.98%. The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the company posted $0.78 earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, analysts anticipate that Ball Co. will post 3.49 EPS for the current fiscal year.

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

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.20 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.59%. Ball’s dividend payout ratio (DPR) is presently 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.