Independent Advisor Alliance grew its holdings in shares of Ball Corporation (NYSE:BALL – Free Report) by 276.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,654 shares of the company’s stock after buying an additional 26,184 shares during the period. Independent Advisor Alliance’s holdings in Ball were worth $1,889,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in BALL. GoalVest Advisory LLC bought a new stake in shares of Ball during the fourth quarter valued at approximately $25,000. Board of the Pension Protection Fund bought a new stake in shares of Ball during the fourth quarter valued at approximately $26,000. Triumph Capital Management bought a new stake in shares of Ball during the third quarter valued at approximately $26,000. Trust Co. of Vermont raised its holdings in shares of Ball by 297.0% during the fourth quarter. Trust Co. of Vermont now owns 802 shares of the company’s stock valued at $42,000 after buying an additional 600 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in shares of Ball during the second quarter valued at approximately $46,000. Institutional investors own 86.51% of the company’s stock.
Ball Price Performance
NYSE BALL opened at $56.58 on Friday. Ball Corporation has a 12 month low of $44.83 and a 12 month high of $68.29. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.12 and a quick ratio of 0.72. The firm has a market capitalization of $15.06 billion, a PE ratio of 16.35, a P/E/G ratio of 1.10 and a beta of 1.06. The company’s 50 day simple moving average is $60.76 and its 200 day simple moving average is $56.91.
Ball Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.4%. Ball’s dividend payout ratio (DPR) is currently 23.12%.
Insider Buying and Selling
In related news, SVP Fauze Villatoro bought 1,551 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was bought at an average price of $64.51 per share, with a total value of $100,055.01. Following the purchase, the senior vice president directly owned 13,778 shares of the company’s stock, valued at approximately $888,818.78. This represents a 12.69% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Kathleen Pitre sold 10,660 shares of Ball stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $66.63, for a total transaction of $710,275.80. Following the sale, the senior vice president directly owned 36,772 shares of the company’s stock, valued at $2,450,118.36. This trade represents a 22.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.58% of the company’s stock.
Trending Headlines about Ball
Here are the key news stories impacting Ball this week:
- Positive Sentiment: Ball Corporation received an average analyst rating of “Moderate Buy,” reinforcing a cautiously optimistic view of the stock’s long-term prospects. Ball Corporation (NYSE:BALL) Receives Average Rating of “Moderate Buy” from Analysts
- Positive Sentiment: Another market recap noted that analysts are still leaning positive on Ball Corporation even though the shares have lagged the broader market over the past year, which may be supporting sentiment for value-oriented investors. Are Wall Street Analysts Predicting Ball Stock Will Climb or Sink?
- Neutral Sentiment: Several articles about World Cup and golf balls mention “ball” in a sports context, but they do not appear to have any direct business impact on Ball Corporation’s packaging operations.
Analysts Set New Price Targets
A number of research firms recently commented on BALL. Weiss Ratings upgraded shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Wells Fargo & Company raised their price objective on shares of Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. UBS Group lowered their price objective on shares of Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of Ball in a research note on Wednesday, April 1st. They set a “buy” rating and a $72.00 price objective on the stock. Finally, Mizuho raised their price objective on shares of Ball from $58.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.54.
Get Our Latest Stock Analysis on BALL
About Ball
Ball Corporation is a leading provider of sustainable aluminum packaging solutions and advanced aerospace technologies. Headquartered in Broomfield, Colorado, the company serves customers in the beverage, food and aerosol markets through a global network of manufacturing facilities. With an emphasis on sustainability and innovation, Ball designs and produces metal cans, bottles and ends that support recycling and reduce environmental impact.
The company’s packaging segment specializes in beverage cans for soft drinks, beer and energy drinks, as well as metal packaging for food and personal care applications.
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