Toth Financial Advisory Corp Acquires 2,867 Shares of Ball Co. (NYSE:BALL)

Toth Financial Advisory Corp raised its stake in Ball Co. (NYSE:BALL) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,034 shares of the company’s stock after purchasing an additional 2,867 shares during the quarter. Toth Financial Advisory Corp’s holdings in Ball were worth $2,924,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Peterson Financial Group Inc. bought a new position in Ball in the third quarter valued at approximately $30,000. Catalyst Capital Advisors LLC bought a new position in shares of Ball in the 3rd quarter valued at about $47,000. Quarry LP grew its position in shares of Ball by 598.6% in the 2nd quarter. Quarry LP now owns 999 shares of the company’s stock valued at $60,000 after acquiring an additional 856 shares during the period. Brooklyn Investment Group acquired a new position in shares of Ball during the 3rd quarter worth about $66,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Ball by 334.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $68,000 after purchasing an additional 815 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BALL. Wells Fargo & Company restated an “underweight” rating and set a $49.00 price objective (down from $56.00) on shares of Ball in a research note on Thursday, January 16th. Royal Bank of Canada restated an “outperform” rating and set a $75.00 price objective on shares of Ball in a research note on Monday, November 4th. Mizuho upgraded Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price target on the stock in a research note on Tuesday, December 10th. Citigroup reduced their price objective on shares of Ball from $69.00 to $59.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, UBS Group raised shares of Ball from a “sell” rating to a “neutral” rating and dropped their price objective for the company from $62.00 to $58.00 in a research report on Friday, January 10th. 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 given a strong buy rating to the stock. Based on data from MarketBeat, Ball currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.17.

Ball Trading Down 0.3 %

BALL opened at $55.01 on Friday. 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 Co. has a 1-year low of $51.96 and a 1-year high of $71.32. The company has a market cap of $16.42 billion, a P/E ratio of 4.15, a PEG ratio of 1.35 and a beta of 0.93. The company’s 50 day moving average is $57.04 and its 200-day moving average is $61.41.

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. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. The firm’s revenue was down .9% compared to the same quarter last year. During the same period last year, the company earned $0.83 EPS. Equities research analysts predict that Ball Co. will post 3.15 earnings per share for the current fiscal year.

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.