Eads & Heald Wealth Management Sells 1,126 Shares of Ball Co. (NYSE:BALL)

Eads & Heald Wealth Management trimmed its holdings in Ball Co. (NYSE:BALL) by 5.0% in the 4th quarter, HoldingsChannel reports. The firm owned 21,541 shares of the company’s stock after selling 1,126 shares during the quarter. Eads & Heald Wealth Management’s holdings in Ball were worth $1,188,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Peterson Financial Group Inc. purchased a new stake in shares of Ball in the third quarter worth about $30,000. Catalyst Capital Advisors LLC bought a new stake in Ball in the 3rd quarter worth approximately $47,000. Quarry LP raised its holdings in shares of Ball by 598.6% during the 2nd quarter. Quarry LP now owns 999 shares of the company’s stock worth $60,000 after acquiring an additional 856 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Ball during the 3rd quarter valued at approximately $66,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Ball by 334.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $68,000 after acquiring an additional 815 shares during the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BALL shares. Citigroup reduced their target price 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. Mizuho raised Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price objective on the stock in a research note on Tuesday, December 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Ball in a research note on Monday, November 4th. UBS Group raised Ball from a “sell” rating to a “neutral” rating and cut their target price for the company from $62.00 to $58.00 in a research report on Friday, January 10th. Finally, Truist Financial lowered their price target on Ball from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.17.

Ball Stock Up 1.4 %

Shares of Ball stock opened at $55.04 on Wednesday. Ball Co. has a 1 year low of $51.96 and a 1 year high of $71.32. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.09 and a quick ratio of 0.82. The stock has a market cap of $16.42 billion, a price-to-earnings ratio of 4.15, a PEG ratio of 1.30 and a beta of 0.93. The firm’s 50-day moving average is $57.57 and its two-hundred day moving average is $61.57.

Ball (NYSE:BALL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. Ball’s revenue was down .9% compared to the same quarter last year. During the same period last year, the company posted $0.83 earnings per share. As a group, research analysts expect that Ball Co. will post 3.15 earnings per share for the current fiscal year.

Ball Company 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.