Ball Co. (NYSE:BALL) Shares Sold by Addenda Capital Inc.

Addenda Capital Inc. cut its holdings in shares of Ball Co. (NYSE:BALL) by 0.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 152,529 shares of the company’s stock after selling 861 shares during the period. Addenda Capital Inc.’s holdings in Ball were worth $8,409,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new stake in Ball in the 3rd quarter worth about $30,000. Catalyst Capital Advisors LLC acquired a new stake in Ball in the 3rd quarter worth about $47,000. Quarry LP boosted its holdings in Ball by 598.6% in 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 last quarter. Brooklyn Investment Group acquired a new stake in Ball in the 3rd quarter worth about $66,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Ball by 334.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $68,000 after buying an additional 815 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Citigroup lowered their price objective on Ball from $69.00 to $59.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Truist Financial decreased their target price on shares of Ball from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. UBS Group raised shares of Ball from a “sell” rating to a “neutral” rating and decreased their target price for the stock from $62.00 to $58.00 in a research note on Friday, January 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 target price on shares of Ball in a research note on Monday, November 4th. Finally, Mizuho raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 target price on the stock in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Ball has an average rating of “Moderate Buy” and an average target price of $68.17.

Ball Trading Up 0.1 %

NYSE BALL opened at $54.33 on Tuesday. The stock has a market capitalization of $16.21 billion, a P/E ratio of 4.10, a P/E/G ratio of 1.24 and a beta of 0.93. Ball Co. has a 52-week low of $51.96 and a 52-week high of $71.32. The firm has a 50-day moving average price of $57.69 and a 200 day moving average price of $61.61. 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 released its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Ball had a return on equity of 17.46% and a net margin of 34.05%. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the company posted $0.83 EPS. The business’s revenue was down .9% on a year-over-year basis. Equities research analysts expect that Ball Co. will post 3.15 EPS for the current year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Monday, December 2nd. Ball’s dividend payout ratio is currently 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.