Howe & Rusling Inc. Decreases Holdings in Ball Co. (NYSE:BALL)

Howe & Rusling Inc. lowered its position in Ball Co. (NYSE:BALL) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,069 shares of the company’s stock after selling 178 shares during the period. Howe & Rusling Inc.’s holdings in Ball were worth $276,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BALL. Peterson Financial Group Inc. acquired a new stake in Ball in the third quarter valued at $30,000. Friedenthal Financial acquired a new stake in Ball in the 2nd quarter valued at about $47,000. Catalyst Capital Advisors LLC purchased a new position in Ball during the 3rd quarter valued at about $47,000. Quarry LP raised its position in Ball by 598.6% during the second quarter. Quarry LP now owns 999 shares of the company’s stock worth $60,000 after acquiring an additional 856 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Ball by 334.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $68,000 after purchasing an additional 815 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BALL shares. Truist Financial reissued a “buy” rating and set a $78.00 price objective (up from $76.00) on shares of Ball in a research note on Friday, August 2nd. Wells Fargo & Company dropped their price target on Ball from $63.00 to $61.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Mizuho reduced their price objective on Ball from $69.00 to $67.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Baird R W upgraded Ball from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Finally, Robert W. Baird raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $70.00 target price for the company in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Ball currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.75.

Ball Price Performance

BALL opened at $60.42 on Thursday. Ball Co. has a 1 year low of $52.92 and a 1 year high of $71.32. The company’s 50 day simple moving average is $64.25 and its 200 day simple moving average is $64.45. The stock has a market capitalization of $18.03 billion, a PE ratio of 4.56, a P/E/G ratio of 1.52 and a beta of 0.90. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 1.09.

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

Ball Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Monday, December 2nd. Ball’s dividend payout ratio (DPR) is presently 6.03%.

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.