Wealth Alliance Has $247,000 Stock Holdings in Ball Co. (NYSE:BALL)

Wealth Alliance decreased its holdings in shares of Ball Co. (NYSE:BALL) by 12.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,115 shares of the company’s stock after selling 602 shares during the period. Wealth Alliance’s holdings in Ball were worth $247,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BALL. Boston Partners increased its holdings in shares of Ball by 114.1% in the first quarter. Boston Partners now owns 4,057,645 shares of the company’s stock valued at $273,347,000 after purchasing an additional 2,162,167 shares in the last quarter. Putnam Investments LLC increased its stake in shares of Ball by 39.5% in the 4th quarter. Putnam Investments LLC now owns 5,815,825 shares of the company’s stock valued at $334,526,000 after buying an additional 1,645,909 shares during the period. Parnassus Investments LLC raised its position in shares of Ball by 5.0% during the fourth quarter. Parnassus Investments LLC now owns 21,062,707 shares of the company’s stock worth $1,211,527,000 after acquiring an additional 998,527 shares during the last quarter. M&G Plc bought a new stake in shares of Ball during the first quarter worth $50,193,000. Finally, Platinum Investment Management Ltd. lifted its stake in shares of Ball by 11,074.9% during the fourth quarter. Platinum Investment Management Ltd. now owns 558,969 shares of the company’s stock valued at $32,152,000 after acquiring an additional 553,967 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BALL has been the subject of a number of research reports. Robert W. Baird upgraded Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price objective for the company in a research report on Wednesday, August 14th. Wells Fargo & Company lowered their price target on shares of Ball from $64.00 to $61.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 17th. Morgan Stanley upgraded shares of Ball from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $69.00 to $78.00 in a report on Wednesday, September 4th. Truist Financial reaffirmed a “buy” rating and set a $78.00 target price (up previously from $76.00) on shares of Ball in a report on Friday, August 2nd. Finally, Royal Bank of Canada cut their price target on Ball from $80.00 to $77.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.83.

Ball Stock Down 1.2 %

NYSE:BALL opened at $66.31 on Friday. The stock has a market cap of $20.58 billion, a price-to-earnings ratio of 4.99, a PEG ratio of 1.64 and a beta of 0.88. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. The stock has a 50-day moving average price of $63.70 and a two-hundred day moving average price of $65.13. Ball Co. has a 1 year low of $42.81 and a 1 year high of $71.32.

Ball (NYSE:BALL) last posted its earnings results on Thursday, August 1st. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. Ball had a return on equity of 19.45% and a net margin of 32.79%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the prior year, the business earned $0.61 EPS. Ball’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, equities analysts expect that Ball Co. will post 3.12 earnings per share for the current year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.21%. Ball’s payout ratio is 6.02%.

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.