Burney Co. Has $1.81 Million Stock Holdings in Ball Co. (NYSE:BALL)

Burney Co. lowered its stake in shares of Ball Co. (NYSE:BALL) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,850 shares of the company’s stock after selling 426 shares during the period. Burney Co.’s holdings in Ball were worth $1,811,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Peterson Financial Group Inc. bought a new position in shares of Ball in the 3rd quarter worth $30,000. Catalyst Capital Advisors LLC bought a new position in shares of Ball in the third quarter valued at $47,000. Quarry LP grew its holdings in shares of Ball by 598.6% during the second quarter. Quarry LP now owns 999 shares of the company’s stock valued at $60,000 after buying an additional 856 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Ball during the third quarter worth about $66,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Ball by 334.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $68,000 after acquiring an additional 815 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley cut their price target on Ball from $78.00 to $75.00 and set an “overweight” rating for the company in a research note on Monday. Citigroup decreased their price target on Ball from $69.00 to $59.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Truist Financial dropped their price objective on Ball from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. UBS Group upgraded shares of Ball from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $62.00 to $58.00 in a research note on Friday, January 10th. Finally, Mizuho raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price target on the stock in a research report on Tuesday, December 10th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ball has a consensus rating of “Moderate Buy” and a consensus price target of $68.75.

Ball Trading Down 0.3 %

Shares of BALL stock opened at $54.24 on Thursday. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79. The firm has a market cap of $16.19 billion, a P/E ratio of 4.09, a PEG ratio of 1.44 and a beta of 0.93. The company has a 50 day moving average of $58.05 and a 200-day moving average of $61.72. Ball Co. has a 12-month low of $51.96 and a 12-month high of $71.32.

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

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.47%. The ex-dividend date was Monday, December 2nd. Ball’s dividend payout ratio (DPR) is presently 6.03%.

About Ball

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.