Ball Co. (NYSE:BALL) Shares Bought by Jag Capital Management LLC

Jag Capital Management LLC raised its position in Ball Co. (NYSE:BALL) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 26,729 shares of the company’s stock after acquiring an additional 271 shares during the quarter. Jag Capital Management LLC’s holdings in Ball were worth $1,474,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Peterson Financial Group Inc. acquired a new position in Ball in the 3rd quarter valued at about $30,000. Venturi Wealth Management LLC grew its position in Ball by 328.4% in the 4th quarter. Venturi Wealth Management LLC now owns 664 shares of the company’s stock valued at $37,000 after acquiring an additional 509 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Ball during the third quarter worth about $47,000. Brooklyn Investment Group acquired a new position in shares of Ball during the third quarter worth about $66,000. Finally, Farther Finance Advisors LLC grew its position 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 buying an additional 228 shares in the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Citigroup lowered their price objective on Ball from $69.00 to $59.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Royal Bank of Canada lowered their price objective on Ball from $75.00 to $66.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Morgan Stanley lowered their price objective on Ball from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Truist Financial lowered their price objective on Ball from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, Robert W. Baird lowered their price objective on Ball from $70.00 to $63.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.25.

Ball Price Performance

Shares of NYSE BALL opened at $52.08 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.69 and a debt-to-equity ratio of 0.90. Ball Co. has a twelve month low of $48.95 and a twelve month high of $71.32. The stock has a 50 day moving average of $53.20 and a two-hundred day moving average of $59.51. The stock has a market cap of $14.73 billion, a P/E ratio of 4.11, a P/E/G ratio of 1.24 and a beta of 0.94.

Ball (NYSE:BALL) last released its 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. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.92 billion. Ball had a return on equity of 16.17% and a net margin of 33.98%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 earnings per share. On average, research analysts forecast that Ball Co. will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Monday, March 3rd. Ball’s payout ratio is currently 6.32%.

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

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.