CreativeOne Wealth LLC Has $415,000 Stake in Ball Co. (NYSE:BALL)

CreativeOne Wealth LLC raised its holdings in Ball Co. (NYSE:BALL) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,170 shares of the company’s stock after acquiring an additional 230 shares during the period. CreativeOne Wealth LLC’s holdings in Ball were worth $415,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jessup Wealth Management Inc acquired a new position in Ball in the first quarter valued at about $7,479,000. Parnassus Investments LLC lifted its holdings in shares of Ball by 5.0% in the fourth quarter. Parnassus Investments LLC now owns 21,062,707 shares of the company’s stock valued at $1,211,527,000 after purchasing an additional 998,527 shares in the last quarter. TD Asset Management Inc lifted its holdings in shares of Ball by 4.2% in the first quarter. TD Asset Management Inc now owns 1,453,639 shares of the company’s stock valued at $97,917,000 after purchasing an additional 58,863 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Ball in the first quarter valued at about $1,973,000. Finally, Lazard Freres Gestion S.A.S. lifted its holdings in shares of Ball by 7.5% in the fourth quarter. Lazard Freres Gestion S.A.S. now owns 1,128,228 shares of the company’s stock valued at $62,438,000 after purchasing an additional 78,402 shares in the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on BALL shares. Citigroup dropped their price objective on Ball from $73.00 to $66.00 and set a “neutral” rating on the stock in a research note on Monday, July 8th. Robert W. Baird upped their price objective on Ball from $62.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Barclays upped their price objective on Ball from $71.00 to $72.00 and gave the company an “equal weight” rating in a research note on Monday, May 6th. Wells Fargo & Company dropped their price objective on Ball from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 17th. Finally, Mizuho upped their price objective on Ball from $63.00 to $69.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $69.08.

Insider Activity

In other news, Director Pedro Henrique Mariani sold 5,000 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $69.90, for a total value of $349,500.00. Following the sale, the director now directly owns 9,844 shares of the company’s stock, valued at approximately $688,095.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.81% of the company’s stock.

Ball Trading Up 1.9 %

BALL traded up $1.20 during trading on Friday, reaching $63.25. 1,155,070 shares of the company’s stock were exchanged, compared to its average volume of 1,673,879. Ball Co. has a one year low of $42.81 and a one year high of $71.32. The company has a current ratio of 1.21, a quick ratio of 0.93 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $19.63 billion, a PE ratio of 4.76, a price-to-earnings-growth ratio of 1.71 and a beta of 0.85. The firm has a fifty day moving average price of $64.12 and a two-hundred day moving average price of $63.74.

Ball (NYSE:BALL) last posted its quarterly earnings data on Friday, April 26th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.12. Ball had a net margin of 31.42% and a return on equity of 21.79%. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period in the prior year, the firm posted $0.69 EPS. The company’s quarterly revenue was down 17.6% on a year-over-year basis. As a group, equities research analysts forecast that Ball Co. will post 3.09 earnings per share for the current fiscal year.

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Tuesday, September 3rd. Ball’s dividend payout ratio is currently 6.02%.

Ball declared that its Board of Directors has initiated a stock buyback program on Wednesday, April 24th that authorizes the company to buyback 40,000,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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.