Ball Co. (NYSE:BALL) Shares Purchased by Dempze Nancy E

Dempze Nancy E raised its position in shares of Ball Co. (NYSE:BALL) by 8.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 34,658 shares of the company’s stock after buying an additional 2,610 shares during the quarter. Dempze Nancy E’s holdings in Ball were worth $1,911,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management raised its stake in shares of Ball by 68.9% in the 4th quarter. Picton Mahoney Asset Management now owns 522 shares of the company’s stock valued at $29,000 after acquiring an additional 213 shares during the period. Venturi Wealth Management LLC increased its holdings in Ball by 328.4% in the 4th quarter. Venturi Wealth Management LLC now owns 664 shares of the company’s stock valued at $37,000 after purchasing an additional 509 shares in the last quarter. Hager Investment Management Services LLC purchased a new position in Ball in the fourth quarter valued at about $76,000. ORG Wealth Partners LLC lifted its stake in shares of Ball by 298.9% during the fourth quarter. ORG Wealth Partners LLC now owns 1,428 shares of the company’s stock worth $79,000 after purchasing an additional 1,070 shares in the last quarter. Finally, Evermay Wealth Management LLC boosted its position in shares of Ball by 35.1% in the fourth quarter. Evermay Wealth Management LLC now owns 1,743 shares of the company’s stock worth $96,000 after buying an additional 453 shares during the period. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. 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. Royal Bank of Canada reduced their target price on shares of Ball from $75.00 to $66.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Citigroup lowered their price target on shares of Ball from $69.00 to $59.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Mizuho upgraded shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price objective on the stock in a report on Tuesday, December 10th. Finally, UBS Group lowered their target price on Ball from $60.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.30.

Ball Trading Down 3.9 %

Shares of NYSE BALL opened at $48.54 on Friday. The stock has a market capitalization of $13.71 billion, a P/E ratio of 3.83, a PEG ratio of 1.24 and a beta of 0.99. The stock’s 50 day moving average price is $51.82 and its two-hundred day moving average price is $57.47. The company has a quick ratio of 0.69, a current ratio of 1.00 and a debt-to-equity ratio of 0.90. Ball Co. has a 52-week low of $48.51 and a 52-week high of $71.32.

Ball (NYSE:BALL) last announced 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 for the quarter, compared to analysts’ expectations of $2.92 billion. During the same period last year, the business posted $0.78 earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts anticipate that Ball Co. will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Monday, March 3rd. Ball’s dividend payout ratio is presently 6.32%.

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

Ball 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.