Ball Co. (NYSE:BALL) Stock Position Reduced by Xponance Inc.

Xponance Inc. lessened its position in shares of Ball Co. (NYSE:BALL) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,808 shares of the company’s stock after selling 1,888 shares during the period. Xponance Inc.’s holdings in Ball were worth $2,462,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BALL. DAVENPORT & Co LLC lifted its holdings in shares of Ball by 10.6% in the 3rd quarter. DAVENPORT & Co LLC now owns 42,340 shares of the company’s stock worth $2,108,000 after purchasing an additional 4,066 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Ball in the 3rd quarter worth approximately $31,000. Oak Thistle LLC bought a new stake in shares of Ball in the 3rd quarter worth approximately $444,000. Norris Perne & French LLP MI lifted its holdings in shares of Ball by 0.8% in the 3rd quarter. Norris Perne & French LLP MI now owns 431,792 shares of the company’s stock worth $21,495,000 after purchasing an additional 3,559 shares during the last quarter. Finally, Czech National Bank lifted its holdings in shares of Ball by 47.9% in the 3rd quarter. Czech National Bank now owns 55,065 shares of the company’s stock worth $2,741,000 after purchasing an additional 17,829 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Stock Up 0.7 %

Shares of BALL stock opened at $65.43 on Tuesday. Ball Co. has a 1 year low of $42.81 and a 1 year high of $67.97. The stock has a market cap of $20.65 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 4.20 and a beta of 0.89. The business’s fifty day moving average is $64.72 and its 200-day moving average is $57.54. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.54 and a current ratio of 0.79.

Ball (NYSE:BALL) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. Ball had a return on equity of 23.81% and a net margin of 5.04%. The company had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.56 billion. During the same period last year, the firm earned $0.44 EPS. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. Equities analysts expect that Ball Co. will post 3.09 earnings per share for the current fiscal year.

Ball Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, February 29th. Ball’s dividend payout ratio (DPR) is presently 35.71%.

Analyst Ratings Changes

Several analysts recently issued reports on BALL shares. UBS Group started coverage on Ball in a report on Tuesday, January 16th. They issued a “sell” rating and a $55.00 price target on the stock. Citigroup started coverage on Ball in a report on Wednesday, March 27th. They issued a “neutral” rating and a $70.00 price target on the stock. Truist Financial reissued a “hold” rating and issued a $60.00 price target on shares of Ball in a report on Friday, April 12th. Wolfe Research initiated coverage on Ball in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company raised their target price on Ball from $52.00 to $62.00 and gave the company an “equal weight” rating in a research report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Ball has an average rating of “Hold” and an average price target of $65.58.

Insider Activity

In related news, insider Daniel William Fisher bought 3,869 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average cost of $64.56 per share, for a total transaction of $249,782.64. Following the acquisition, the insider now directly owns 111,866 shares of the company’s stock, valued at approximately $7,222,068.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.81% of the stock is owned by insiders.

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.