BSW Wealth Partners Has $684,000 Holdings in Ball Co. (NYSE:BALL)

BSW Wealth Partners decreased its stake in Ball Co. (NYSE:BALL) by 3.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,416 shares of the company’s stock after selling 509 shares during the period. BSW Wealth Partners’ holdings in Ball were worth $684,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Peterson Financial Group Inc. acquired a new stake in shares of Ball in the 3rd quarter valued at approximately $30,000. Catalyst Capital Advisors LLC bought a new stake in Ball in the third quarter valued at approximately $47,000. Brooklyn Investment Group acquired a new stake in Ball in the third quarter worth $66,000. Quarry LP boosted its position in shares of 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 in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Ball by 29.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,011 shares of the company’s stock valued at $69,000 after buying an additional 228 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Price Performance

NYSE:BALL opened at $55.57 on Wednesday. The stock has a market capitalization of $16.58 billion, a PE ratio of 4.19, a P/E/G ratio of 1.35 and a beta of 0.93. Ball Co. has a 1-year low of $51.96 and a 1-year high of $71.32. The firm has a fifty day simple moving average of $56.96 and a 200 day simple moving average of $61.41. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79.

Ball (NYSE:BALL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. Ball had a net margin of 34.05% and a return on equity of 17.46%. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the business earned $0.83 EPS. Ball’s revenue for the quarter was down .9% compared to the same quarter last year. On average, research analysts expect that Ball Co. will post 3.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. UBS Group raised Ball from a “sell” rating to a “neutral” rating and decreased their target price for the company from $62.00 to $58.00 in a research note on Friday, January 10th. Citigroup lowered their target price on Ball from $69.00 to $59.00 and set a “neutral” rating for the company in a research note 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 on the stock in a research note on Monday, January 6th. Mizuho raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price objective for the company in a research report on Tuesday, December 10th. Finally, Morgan Stanley reduced their target price on shares of Ball from $78.00 to $75.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ball has an average rating of “Moderate Buy” and an average target price of $68.17.

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.