11,090 Shares in Ball Co. (NYSE:BALL) Bought by Brown Financial Advisors

Brown Financial Advisors bought a new stake in shares of Ball Co. (NYSE:BALL) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 11,090 shares of the company’s stock, valued at approximately $666,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BALL. Federated Hermes Inc. raised its holdings in Ball by 0.9% during the 2nd quarter. Federated Hermes Inc. now owns 18,941 shares of the company’s stock worth $1,137,000 after buying an additional 162 shares during the period. Fifth Third Bancorp increased its position in shares of Ball by 2.0% in the second quarter. Fifth Third Bancorp now owns 8,743 shares of the company’s stock worth $525,000 after acquiring an additional 174 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Ball by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 34,206 shares of the company’s stock valued at $2,304,000 after acquiring an additional 175 shares during the period. Deseret Mutual Benefit Administrators lifted its holdings in shares of Ball by 17.0% in the second quarter. Deseret Mutual Benefit Administrators now owns 1,280 shares of the company’s stock valued at $77,000 after purchasing an additional 186 shares in the last quarter. Finally, Greenleaf Trust lifted its stake in Ball by 0.9% in the 1st quarter. Greenleaf Trust now owns 22,581 shares of the company’s stock worth $1,521,000 after acquiring an additional 193 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Price Performance

Shares of BALL stock opened at $66.49 on Thursday. Ball Co. has a 12 month low of $42.81 and a 12 month high of $71.32. The company has a market capitalization of $20.64 billion, a P/E ratio of 5.00, a P/E/G ratio of 1.70 and a beta of 0.88. The stock has a 50 day moving average of $64.57 and a two-hundred day moving average of $65.26. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79.

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

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.20%. The ex-dividend date was Tuesday, September 3rd. Ball’s dividend payout ratio (DPR) is presently 6.02%.

Wall Street Analyst Weigh In

BALL has been the subject of a number of research reports. Baird R W raised shares of Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Robert W. Baird raised Ball from a “neutral” rating to an “outperform” rating and set a $70.00 target price for the company in a research report on Wednesday, August 14th. UBS Group upped their price objective on shares of Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. Morgan Stanley raised shares of Ball from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $69.00 to $78.00 in a research report on Wednesday, September 4th. Finally, Wells Fargo & Company decreased their price target on shares of Ball from $64.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.08.

Ball Company 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.