Ball Co. (NYSE:BALL) Holdings Raised by Crumly & Associates Inc.

Crumly & Associates Inc. lifted its stake in shares of Ball Co. (NYSE:BALL) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,050 shares of the company’s stock after purchasing an additional 293 shares during the quarter. Crumly & Associates Inc.’s holdings in Ball were worth $499,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BALL. Peterson Financial Group Inc. bought a new stake in Ball in the third quarter worth about $30,000. Venturi Wealth Management LLC raised its position in Ball by 328.4% in the fourth quarter. Venturi Wealth Management LLC now owns 664 shares of the company’s stock worth $37,000 after acquiring an additional 509 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in Ball in the third quarter worth about $47,000. Brooklyn Investment Group bought a new stake in Ball in the third quarter worth about $66,000. Finally, Farther Finance Advisors LLC raised its position in Ball by 29.1% in the third quarter. Farther Finance Advisors LLC now owns 1,011 shares of the company’s stock worth $69,000 after acquiring an additional 228 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BALL shares. Barclays dropped their price target on Ball from $72.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company reissued an “underweight” rating and issued a $49.00 price target (down previously from $56.00) on shares of Ball in a research note 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. Truist Financial dropped their price target on Ball from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, Royal Bank of Canada dropped their price target on Ball from $75.00 to $66.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $65.25.

Ball Trading Up 2.9 %

Shares of NYSE BALL opened at $50.45 on Friday. The stock has a market cap of $15.05 billion, a price-to-earnings ratio of 3.98, a PEG ratio of 1.21 and a beta of 0.94. The business has a 50 day simple moving average of $53.88 and a 200 day simple moving average of $60.09. Ball Co. has a 52 week low of $48.95 and a 52 week high of $71.32. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.69 and a current ratio of 1.00.

Ball (NYSE:BALL) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. The business had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.92 billion. Ball had a return on equity of 16.17% and a net margin of 33.98%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 EPS. On average, research analysts predict that Ball Co. will post 3.49 earnings per share for the current fiscal year.

Ball Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.80 annualized dividend and a dividend yield of 1.59%. Ball’s payout ratio is 6.32%.

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

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.