180 Wealth Advisors LLC Increases Stock Position in Ball Co. (NYSE:BALL)

180 Wealth Advisors LLC raised its stake in shares of Ball Co. (NYSE:BALL) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,188 shares of the company’s stock after purchasing an additional 2,505 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Ball were worth $1,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Peterson Financial Group Inc. bought a new stake in shares of Ball during the 3rd quarter worth $30,000. Catalyst Capital Advisors LLC purchased a new stake in Ball during the third quarter valued at about $47,000. Quarry LP lifted its stake in Ball by 598.6% during the second quarter. Quarry LP now owns 999 shares of the company’s stock worth $60,000 after purchasing an additional 856 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Ball in the 3rd quarter worth about $66,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Ball by 334.0% during the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Trading Up 2.2 %

NYSE BALL opened at $53.18 on Tuesday. 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 Co. has a fifty-two week low of $51.96 and a fifty-two week high of $71.32. The stock has a market cap of $15.87 billion, a P/E ratio of 4.01, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. The stock has a 50 day simple moving average of $58.16 and a two-hundred day simple moving average of $61.76.

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

Ball Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Monday, December 2nd. Ball’s dividend payout ratio is currently 6.03%.

Analyst Upgrades and Downgrades

BALL has been the subject of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 target price on shares of Ball in a research report on Monday, November 4th. UBS Group raised shares of Ball from a “sell” rating to a “neutral” rating and cut their price objective for the company from $62.00 to $58.00 in a research note on Friday. Wells Fargo & Company decreased their target price on shares of Ball from $61.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Truist Financial cut their price target 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. Finally, Mizuho raised Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price objective on the stock in a research note on Tuesday, December 10th. Six analysts have rated the stock with 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.75.

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.