Burney Co. Sells 426 Shares of Ball Co. (NYSE:BALL)

Burney Co. cut its stake in Ball Co. (NYSE:BALL) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,850 shares of the company’s stock after selling 426 shares during the quarter. Burney Co.’s holdings in Ball were worth $1,811,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Everence Capital Management Inc. purchased a new stake in Ball in the 4th quarter worth approximately $774,000. Meeder Asset Management Inc. raised its position in shares of Ball by 400.4% in the third quarter. Meeder Asset Management Inc. now owns 162,690 shares of the company’s stock worth $11,048,000 after buying an additional 130,175 shares in the last quarter. American Century Companies Inc. boosted its stake in Ball by 9.7% during the second quarter. American Century Companies Inc. now owns 538,045 shares of the company’s stock valued at $32,293,000 after buying an additional 47,539 shares during the period. SkyView Investment Advisors LLC grew its position in Ball by 12.3% during the second quarter. SkyView Investment Advisors LLC now owns 9,039 shares of the company’s stock worth $543,000 after buying an additional 990 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Ball by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,414,615 shares of the company’s stock worth $144,951,000 after acquiring an additional 171,924 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wells Fargo & Company cut their price objective on Ball from $61.00 to $56.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Citigroup decreased their price target on shares of Ball from $69.00 to $59.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Morgan Stanley dropped their price objective on shares of Ball from $78.00 to $75.00 and set an “overweight” rating for the company in a report on Monday. Truist Financial reduced their target price on Ball from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, Mizuho raised Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price target for the company in a research note on Tuesday, December 10th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Ball presently has an average rating of “Moderate Buy” and a consensus price target of $68.75.

Ball Trading Down 0.3 %

Shares of BALL stock opened at $54.24 on Thursday. The business has a 50-day moving average of $58.05 and a 200 day moving average of $61.72. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.09 and a quick ratio of 0.82. Ball Co. has a 1-year low of $51.96 and a 1-year high of $71.32. The stock has a market capitalization of $16.19 billion, a PE ratio of 4.09, a P/E/G ratio of 1.44 and a beta of 0.93.

Ball (NYSE:BALL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share 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 firm 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 firm posted $0.83 earnings per share. The business’s quarterly revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ball Co. will post 3.15 earnings per share for the current year.

Ball Dividend Announcement

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

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.