Benjamin F. Edwards & Company Inc. acquired a new position in shares of Ball Co. (NYSE:BALL – Get Rating) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,093 shares of the company’s stock, valued at approximately $107,000.
Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new position in Ball in the 3rd quarter valued at about $1,695,575,000. BlackRock Inc. purchased a new position in Ball in the 3rd quarter valued at about $1,145,245,000. State Street Corp purchased a new position in Ball in the 3rd quarter valued at about $666,807,000. Price T Rowe Associates Inc. MD purchased a new position in Ball in the 3rd quarter valued at about $419,203,000. Finally, Sustainable Growth Advisers LP purchased a new position in Ball in the 3rd quarter valued at about $281,391,000. 82.65% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
BALL has been the topic of several research analyst reports. Wells Fargo & Company increased their price target on shares of Ball from $46.00 to $51.00 and gave the stock an “underweight” rating in a research report on Friday, February 3rd. Truist Financial reaffirmed a “hold” rating and set a $58.00 price target on shares of Ball in a research report on Wednesday, April 12th. JPMorgan Chase & Co. increased their price target on shares of Ball from $55.00 to $61.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 7th. Finally, Mizuho raised their target price on shares of Ball from $58.00 to $59.00 in a report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $58.56.
Ball Price Performance
Ball (NYSE:BALL – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.20. Ball had a net margin of 2.98% and a return on equity of 23.92%. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the business posted $0.77 EPS. The company’s revenue was down 6.1% on a year-over-year basis. As a group, equities research analysts forecast that Ball Co. will post 3.04 EPS for the current fiscal year.
Ball Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Wednesday, May 31st. Ball’s dividend payout ratio (DPR) is currently 56.34%.
About Ball
Ball Corp. provides metal packaging for beverages, foods, and household products. It operates through the following business segments: Beverage Packaging North and Central America, Beverage Packaging South America, Beverage Packaging Europe, Middle East and Africa (EMEA), and Aerospace. The Beverage Packaging North and Central America segment includes multi-year supply contracts to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.
Featured Articles
- Get a free copy of the StockNews.com research report on Ball (BALL)
- Is the Electric Vehicle Movement Losing Steam?
- 3 High-Yield Banks Insiders Are BuyingÂ
- Will ChatGPT Be the Final Nail in the Coffin for Chegg?
- Is the Market Reacting Too Negatively to Pinterest Earnings?
- More Analysts Should See Energizer Holdings As A Buy: Here Is Why
Want to see what other hedge funds are holding BALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ball Co. (NYSE:BALL – Get Rating).
Receive News & Ratings for Ball Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball and related companies with MarketBeat.com's FREE daily email newsletter.
