Victory Capital Management Inc. Has $4.79 Million Stock Holdings in Ball Co. (NYSE:BALL)

Victory Capital Management Inc. lessened its position in shares of Ball Co. (NYSE:BALL) by 17.3% during the 4th quarter, HoldingsChannel reports. The fund owned 86,888 shares of the company’s stock after selling 18,222 shares during the quarter. Victory Capital Management Inc.’s holdings in Ball were worth $4,790,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Peterson Financial Group Inc. acquired a new position in Ball during the third quarter valued at approximately $30,000. Venturi Wealth Management LLC raised its position in Ball by 328.4% in the 4th quarter. Venturi Wealth Management LLC now owns 664 shares of the company’s stock valued at $37,000 after buying an additional 509 shares during the last quarter. Brooklyn Investment Group bought a new stake in Ball in the 3rd quarter valued at approximately $66,000. Hager Investment Management Services LLC acquired a new position in Ball during the 4th quarter worth approximately $76,000. Finally, ORG Wealth Partners LLC grew its stake in shares of Ball by 298.9% during the 4th quarter. ORG Wealth Partners LLC now owns 1,428 shares of the company’s stock worth $79,000 after acquiring an additional 1,070 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Price Performance

Shares of BALL opened at $51.91 on Friday. The firm has a market capitalization of $14.66 billion, a PE ratio of 4.10, a PEG ratio of 1.24 and a beta of 0.99. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 0.69. The company’s 50-day moving average is $52.64 and its 200-day moving average is $58.81. Ball Co. has a fifty-two week low of $48.95 and a fifty-two week high of $71.32.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.03. Ball had a net margin of 33.98% and a return on equity of 16.17%. The firm had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same period last year, the business posted $0.78 earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts forecast that Ball Co. will post 3.48 EPS for the current year.

Ball declared that its board has approved a share repurchase program on Wednesday, January 29th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 24.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Monday, March 3rd. Ball’s dividend payout ratio is 6.32%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BALL. Royal Bank of Canada lowered their price target on shares of Ball from $75.00 to $66.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Barclays dropped their target price on Ball from $72.00 to $61.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. UBS Group decreased their price target on Ball from $60.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Robert W. Baird dropped their price objective on Ball from $70.00 to $63.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Finally, Truist Financial decreased their target price on shares of Ball from $78.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Ball currently has a consensus rating of “Moderate Buy” and an average target price of $64.64.

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.