Townsquare Capital LLC Has $556,000 Stock Holdings in Ball Co. (NYSE:BALL)

Townsquare Capital LLC raised its holdings in Ball Co. (NYSE:BALL) by 25.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 10,089 shares of the company’s stock after acquiring an additional 2,041 shares during the quarter. Townsquare Capital LLC’s holdings in Ball were worth $556,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. SkyView Investment Advisors LLC lifted its holdings in Ball by 4.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 9,450 shares of the company’s stock worth $642,000 after buying an additional 411 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Ball in the third quarter valued at approximately $510,000. Tidal Investments LLC increased its position in Ball by 3.7% during the 3rd quarter. Tidal Investments LLC now owns 33,094 shares of the company’s stock valued at $2,247,000 after purchasing an additional 1,182 shares during the period. Franklin Resources Inc. raised its holdings in Ball by 4.7% during the 3rd quarter. Franklin Resources Inc. now owns 6,954,876 shares of the company’s stock worth $453,144,000 after purchasing an additional 309,587 shares during the last quarter. Finally, Inspire Trust Co. N.A. boosted its stake in shares of Ball by 20.0% in the 3rd quarter. Inspire Trust Co. N.A. now owns 48,000 shares of the company’s stock valued at $3,260,000 after purchasing an additional 8,000 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Trading Up 0.8 %

NYSE:BALL opened at $47.43 on Friday. Ball Co. has a one year low of $43.51 and a one year high of $71.32. The company has a market cap of $13.39 billion, a PE ratio of 3.75, a PEG ratio of 1.24 and a beta of 1.01. 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 firm has a 50-day moving average of $50.27 and a 200-day moving average of $55.80.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.81 by $0.03. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.92 billion. Ball had a return on equity of 16.17% and a net margin of 33.98%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.78 earnings per share. As a group, equities research analysts expect that Ball Co. will post 3.48 EPS for the current fiscal year.

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

Ball Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.20 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.80 annualized dividend and a dividend yield of 1.69%. Ball’s payout ratio is 6.32%.

Analysts Set New Price Targets

BALL has been the topic of several recent analyst reports. Wells Fargo & Company restated an “underweight” rating and issued a $49.00 target price (down previously from $56.00) on shares of Ball in a report on Thursday, January 16th. Morgan Stanley dropped their price target on Ball from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Barclays reduced their price objective on shares of Ball from $72.00 to $61.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Royal Bank of Canada dropped 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. Finally, Citigroup reduced 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $62.30.

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.