Baader Bank Aktiengesellschaft Sells 375 Shares of Ball Co. (NYSE:BALL)

Baader Bank Aktiengesellschaft reduced its position in shares of Ball Co. (NYSE:BALL) by 6.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,756 shares of the company’s stock after selling 375 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Ball were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new stake in Ball during the 3rd quarter worth $30,000. Catalyst Capital Advisors LLC bought a new position in Ball during the third quarter worth about $47,000. Quarry LP grew its position 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 buying an additional 856 shares during the period. Brooklyn Investment Group bought a new stake in shares of Ball in the 3rd quarter valued at about $66,000. Finally, Farther Finance Advisors LLC raised its position in shares of Ball by 29.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,011 shares of the company’s stock valued at $69,000 after acquiring an additional 228 shares during the period. 86.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BALL. Mizuho raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 target price for the company in a research note on Tuesday, December 10th. Truist Financial lowered their price objective on shares of Ball from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Citigroup reduced their target price on Ball from $69.00 to $59.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company restated an “underweight” rating and issued a $49.00 price target (down from $56.00) on shares of Ball in a report on Thursday, January 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price objective on shares of Ball in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $68.17.

Ball Price Performance

NYSE BALL opened at $56.23 on Friday. Ball Co. has a 12-month low of $51.96 and a 12-month high of $71.32. The firm’s 50 day moving average is $56.77 and its 200-day moving average is $61.33. The company has a market capitalization of $16.78 billion, a PE ratio of 4.24, a price-to-earnings-growth ratio of 1.35 and a beta of 0.93. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79.

Ball (NYSE:BALL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. The firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 EPS. Equities research analysts anticipate that Ball Co. will post 3.15 earnings per share for the current fiscal year.

Ball declared that its board has authorized a stock buyback program on Wednesday, January 29th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 24.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.80 annualized dividend and a yield of 1.42%. Ball’s dividend payout ratio (DPR) is presently 6.03%.

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.