Ball Co. (NYSE:BALL) Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. lessened its holdings in Ball Co. (NYSE:BALL) by 3.3% during the 4th quarter, Holdings Channel reports. The firm owned 9,113 shares of the company’s stock after selling 313 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Ball were worth $502,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BALL. Franklin Resources Inc. lifted its stake in Ball by 4.7% in the 3rd quarter. Franklin Resources Inc. now owns 6,954,876 shares of the company’s stock valued at $453,144,000 after buying an additional 309,587 shares in the last quarter. FMR LLC raised its holdings in shares of Ball by 15.4% in the third quarter. FMR LLC now owns 4,418,570 shares of the company’s stock worth $300,065,000 after acquiring an additional 588,282 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ball by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,414,615 shares of the company’s stock valued at $144,951,000 after acquiring an additional 171,924 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Ball by 6.1% during the third quarter. Raymond James & Associates now owns 1,720,859 shares of the company’s stock valued at $116,864,000 after acquiring an additional 99,306 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Ball by 458.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,018,648 shares of the company’s stock worth $61,139,000 after purchasing an additional 836,293 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on BALL. Citigroup reduced their target price on shares of Ball from $69.00 to $59.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Truist Financial reduced 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. UBS Group upgraded Ball from a “sell” rating to a “neutral” rating and cut their price target for the company from $62.00 to $58.00 in a report on Friday, January 10th. Morgan Stanley decreased their price target on Ball from $78.00 to $75.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $75.00 price target on shares of Ball in a report on Monday, November 4th. One investment 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.17.

Ball Stock Up 0.1 %

Shares of NYSE:BALL opened at $54.33 on Friday. The company has a market capitalization of $16.21 billion, a price-to-earnings ratio of 4.10, a price-to-earnings-growth ratio of 1.24 and a beta of 0.93. The company has a 50 day moving average of $57.69 and a two-hundred day moving average of $61.58. Ball Co. has a 52-week low of $51.96 and a 52-week high of $71.32. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79.

Ball (NYSE:BALL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating 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 business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the business earned $0.83 EPS. The business’s revenue was down .9% on a year-over-year basis. As a group, analysts forecast that Ball Co. will post 3.15 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Monday, December 2nd. Ball’s payout ratio is 6.03%.

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.