Ball Co. (NYSE:BALL) Shares Bought by VisionPoint Advisory Group LLC

VisionPoint Advisory Group LLC raised its holdings in Ball Co. (NYSE:BALL) by 99.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,719 shares of the company’s stock after buying an additional 18,809 shares during the period. VisionPoint Advisory Group LLC’s holdings in Ball were worth $2,053,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Peterson Financial Group Inc. purchased a new position in shares of Ball during the third quarter worth about $30,000. Venturi Wealth Management LLC grew its holdings in shares of Ball by 328.4% during the fourth quarter. Venturi Wealth Management LLC now owns 664 shares of the company’s stock worth $37,000 after purchasing an additional 509 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Ball during the third quarter worth about $47,000. Brooklyn Investment Group purchased a new position in shares of Ball during the third quarter worth about $66,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Ball by 29.1% during the third quarter. Farther Finance Advisors LLC now owns 1,011 shares of the company’s stock worth $69,000 after purchasing an additional 228 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Ball Price Performance

Shares of NYSE:BALL opened at $50.45 on Friday. The company has a quick ratio of 0.69, a current ratio of 1.00 and a debt-to-equity ratio of 0.90. The company has a market cap of $15.05 billion, a P/E ratio of 3.98, a PEG ratio of 1.21 and a beta of 0.94. Ball Co. has a 52 week low of $48.95 and a 52 week high of $71.32. The company has a 50-day moving average price of $53.88 and a 200 day moving average price of $60.09.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. Ball had a net margin of 33.98% and a return on equity of 16.17%. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same period last year, the firm earned $0.78 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. Research analysts predict that Ball Co. will post 3.49 earnings per share for the current year.

Ball announced that its board has initiated a share buyback plan on Wednesday, January 29th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 24.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.59%. Ball’s payout ratio is 6.32%.

Wall Street Analyst Weigh In

BALL has been the topic of several research reports. Mizuho raised Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price objective on the stock in a report on Tuesday, December 10th. Wells Fargo & Company reissued an “underweight” rating and set a $49.00 price target (down previously from $56.00) on shares of Ball in a report on Thursday, January 16th. Truist Financial lowered their price target on Ball from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Citigroup lowered their price target on Ball from $69.00 to $59.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Morgan Stanley lowered their price target on Ball from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.25.

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.