Baker Ellis Asset Management LLC lowered its position in Ball Co. (NYSE:BLL) by 2.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,004 shares of the industrial products company’s stock after selling 453 shares during the period. Baker Ellis Asset Management LLC’s holdings in Ball were worth $1,448,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Strategic Blueprint LLC bought a new position in Ball in the second quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Ball in the second quarter worth approximately $30,000. Clean Yield Group bought a new position in shares of Ball in the second quarter valued at approximately $36,000. Close Asset Management Ltd lifted its holdings in shares of Ball by 125.0% in the second quarter. Close Asset Management Ltd now owns 450 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 250 shares in the last quarter. Finally, Eagle Bay Advisors LLC bought a new position in shares of Ball in the second quarter valued at approximately $47,000. Institutional investors and hedge funds own 80.85% of the company’s stock.
A number of research analysts have recently weighed in on the company. Bank of America lowered Ball from a “buy” rating to a “neutral” rating and dropped their target price for the company from $101.00 to $95.00 in a report on Thursday, October 14th. Barclays raised their target price on Ball from $95.00 to $98.00 and gave the company an “equal weight” rating in a report on Monday, September 20th. Zacks Investment Research lowered Ball from a “hold” rating to a “sell” rating and set a $96.00 target price on the stock. in a report on Tuesday, November 9th. Truist initiated coverage on Ball in a report on Monday, September 13th. They issued a “hold” rating and a $102.00 target price on the stock. They noted that the move was a valuation call. Finally, Robert W. Baird reiterated a “hold” rating and set a $85.00 price target on shares of Ball in a report on Friday, August 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Ball has a consensus rating of “Hold” and a consensus target price of $100.19.
Shares of NYSE:BLL opened at $94.70 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.97 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $30.67 billion, a PE ratio of 38.97, a P/E/G ratio of 5.47 and a beta of 0.47. Ball Co. has a twelve month low of $77.95 and a twelve month high of $98.09. The company has a 50-day moving average price of $92.12 and a two-hundred day moving average price of $88.33.
Ball (NYSE:BLL) last issued its earnings results on Thursday, November 4th. The industrial products company reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.04). The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.52 billion. Ball had a return on equity of 30.98% and a net margin of 6.10%. Ball’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 EPS. Analysts anticipate that Ball Co. will post 3.43 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Wednesday, December 1st will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, November 30th. This represents a $0.80 dividend on an annualized basis and a yield of 0.84%. Ball’s dividend payout ratio is presently 32.92%.
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; and Aerospace. The Beverage Packaging, North and Central America segment sold under multi-year supply contracts to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.
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