Ball Co. (NYSE:BALL) Shares Sold by City Holding Co.

City Holding Co. lowered its position in Ball Co. (NYSE:BALL) by 13.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,297 shares of the company’s stock after selling 210 shares during the quarter. City Holding Co.’s holdings in Ball were worth $72,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Peterson Financial Group Inc. acquired a new stake in Ball in the 3rd quarter valued at approximately $30,000. Catalyst Capital Advisors LLC acquired a new position in shares of Ball during the third quarter valued at $47,000. Quarry LP raised its stake in shares of Ball by 598.6% during the second quarter. Quarry LP now owns 999 shares of the company’s stock valued at $60,000 after purchasing an additional 856 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Ball in the third quarter worth about $66,000. Finally, EverSource Wealth Advisors LLC grew its position in Ball by 334.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $68,000 after buying an additional 815 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Stock Up 0.1 %

Shares of NYSE:BALL opened at $54.33 on Tuesday. The firm has a 50 day simple moving average of $57.69 and a 200 day simple moving average of $61.61. Ball Co. has a 52 week low of $51.96 and a 52 week high of $71.32. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 1.09. The company has a market cap of $16.21 billion, a PE ratio of 4.10, a price-to-earnings-growth ratio of 1.24 and a beta of 0.93.

Ball (NYSE:BALL) last released its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Ball had a return on equity of 17.46% and a net margin of 34.05%. The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the company earned $0.83 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. As a group, research analysts expect that Ball Co. will post 3.15 earnings per share for the current year.

Ball Announces Dividend

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

Analyst Upgrades and Downgrades

BALL has been the subject of several recent analyst reports. Citigroup decreased their price objective 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. Morgan Stanley lowered their price target on Ball from $78.00 to $75.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Mizuho upgraded Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price objective for the company in a report on Tuesday, December 10th. Truist Financial lowered 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. Finally, Wells Fargo & Company reissued an “underweight” rating and issued a $49.00 price target (down from $56.00) on shares of Ball in a report on Thursday, January 16th. 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $68.17.

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.