Lindbrook Capital LLC Decreases Stock Holdings in Ball Co. (NYSE:BALL)

Lindbrook Capital LLC lowered its stake in shares of Ball Co. (NYSE:BALL) by 29.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 657 shares of the company’s stock after selling 276 shares during the period. Lindbrook Capital LLC’s holdings in Ball were worth $38,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Deseret Mutual Benefit Administrators lifted its holdings in Ball by 80.4% in the third quarter. Deseret Mutual Benefit Administrators now owns 572 shares of the company’s stock valued at $28,000 after acquiring an additional 255 shares during the period. NBC Securities Inc. bought a new position in shares of Ball in the 3rd quarter worth approximately $29,000. Exchange Traded Concepts LLC purchased a new position in shares of Ball in the third quarter worth approximately $31,000. Friedenthal Financial purchased a new position in shares of Ball in the fourth quarter worth approximately $43,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in Ball during the fourth quarter valued at approximately $43,000. 86.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BALL shares. Wells Fargo & Company lifted their price target on shares of Ball from $52.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Wolfe Research began coverage on Ball in a report on Friday, March 1st. They set a “peer perform” rating for the company. Truist Financial reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Ball in a research note on Friday, April 12th. Citigroup started coverage on Ball in a research note on Wednesday, March 27th. They set a “neutral” rating and a $70.00 price objective for the company. Finally, Royal Bank of Canada raised shares of Ball from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $61.00 to $74.00 in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $65.58.

Ball Stock Up 6.7 %

Shares of BALL stock opened at $69.82 on Friday. The stock has a market cap of $22.04 billion, a P/E ratio of 31.17, a PEG ratio of 4.21 and a beta of 0.89. The company’s fifty day simple moving average is $65.12 and its two-hundred day simple moving average is $57.95. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.96. Ball Co. has a 52 week low of $42.81 and a 52 week high of $70.75.

Ball (NYSE:BALL) last posted its earnings results on Friday, April 26th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. Ball had a return on equity of 23.81% and a net margin of 5.04%. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same period in the previous year, the business earned $0.69 earnings per share. The firm’s revenue for the quarter was down 17.6% on a year-over-year basis. Analysts predict that Ball Co. will post 3.09 EPS for the current fiscal year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.15%. The ex-dividend date is Monday, June 3rd. Ball’s dividend payout ratio is presently 35.71%.

Ball declared that its board has authorized a stock buyback plan on Wednesday, April 24th that authorizes the company to buyback 40,000,000 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Ball news, insider Daniel William Fisher acquired 3,869 shares of the stock in a transaction on Thursday, March 14th. The stock was acquired at an average price of $64.56 per share, for a total transaction of $249,782.64. Following the completion of the transaction, the insider now directly owns 111,866 shares of the company’s stock, valued at $7,222,068.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.81% of the stock is currently owned by company insiders.

Ball Profile

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.