Livforsakringsbolaget Skandia Omsesidigt Boosts Stock Position in Ball Co. (NYSE:BALL)

Livforsakringsbolaget Skandia Omsesidigt increased its stake in Ball Co. (NYSE:BALL) by 71.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,055 shares of the company’s stock after buying an additional 441 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Ball were worth $61,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in BALL. Veritable L.P. boosted its stake in Ball by 0.9% during the 1st quarter. Veritable L.P. now owns 21,318 shares of the company’s stock valued at $1,175,000 after purchasing an additional 180 shares during the last quarter. JGP Wealth Management LLC boosted its stake in Ball by 1.3% during the 4th quarter. JGP Wealth Management LLC now owns 15,896 shares of the company’s stock valued at $914,000 after purchasing an additional 208 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Ball by 4.3% during the 2nd quarter. Baird Financial Group Inc. now owns 5,141 shares of the company’s stock valued at $299,000 after purchasing an additional 211 shares during the last quarter. Wealthsource Partners LLC boosted its stake in Ball by 4.7% during the 3rd quarter. Wealthsource Partners LLC now owns 4,784 shares of the company’s stock valued at $238,000 after purchasing an additional 215 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its stake in Ball by 12.8% during the 3rd quarter. CENTRAL TRUST Co now owns 2,203 shares of the company’s stock valued at $110,000 after purchasing an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on BALL shares. Wolfe Research started coverage on Ball in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. Jefferies Financial Group raised their price target on Ball from $69.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Mizuho raised their price target on Ball to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. Bank of America upgraded Ball from an “underperform” rating to a “buy” rating and raised their price target for the stock from $61.00 to $72.00 in a research note on Monday, March 4th. Finally, Truist Financial restated a “hold” rating and issued a $60.00 price target on shares of Ball in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $65.58.

Insider Buying and Selling at Ball

In other Ball news, insider Daniel William Fisher purchased 3,869 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were acquired at an average cost of $64.56 per share, with a total value of $249,782.64. Following the completion of the acquisition, the insider now directly owns 111,866 shares in the company, valued at $7,222,068.96. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.81% of the company’s stock.

Ball Price Performance

Shares of Ball stock opened at $64.95 on Friday. Ball Co. has a one year low of $42.81 and a one year high of $67.97. The stock’s fifty day moving average is $64.63 and its 200 day moving average is $57.30. The stock has a market cap of $20.50 billion, a P/E ratio of 29.00, a P/E/G ratio of 4.11 and a beta of 0.89. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.54 and a current ratio of 0.79.

Ball (NYSE:BALL) last announced its earnings results on Thursday, February 1st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Ball had a return on equity of 23.81% and a net margin of 5.04%. The company had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.56 billion. During the same period last year, the firm earned $0.44 EPS. Ball’s revenue for the quarter was down 4.1% compared to the same quarter last year. Sell-side analysts anticipate that Ball Co. will post 3.11 earnings per share for the current year.

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.80 dividend on an annualized basis and a yield of 1.23%. Ball’s dividend payout ratio is presently 35.71%.

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.