RDA Financial Network Has $1.07 Million Position in Ball Co. (NYSE:BALL)

RDA Financial Network raised its stake in Ball Co. (NYSE:BALL) by 19.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,698 shares of the company’s stock after buying an additional 2,530 shares during the quarter. RDA Financial Network’s holdings in Ball were worth $1,066,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Independence Bank of Kentucky bought a new position in Ball in the first quarter valued at approximately $47,000. Friedenthal Financial bought a new position in Ball in the second quarter valued at approximately $47,000. Quarry LP lifted its position in shares of Ball by 598.6% in 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. EverSource Wealth Advisors LLC lifted its position in shares of Ball by 334.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $68,000 after purchasing an additional 815 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Ball in the second quarter worth $72,000. Institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

Shares of NYSE:BALL traded up $0.69 on Tuesday, reaching $66.08. 1,062,115 shares of the company’s stock were exchanged, compared to its average volume of 1,803,835. The company has a fifty day moving average of $64.79 and a 200-day moving average of $65.19. Ball Co. has a twelve month low of $42.81 and a twelve month high of $71.32. The company has a market capitalization of $20.51 billion, a price-to-earnings ratio of 4.98, a PEG ratio of 1.63 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.

Ball (NYSE:BALL) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.04. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Ball had a return on equity of 19.45% and a net margin of 32.79%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS. On average, research analysts predict that Ball Co. will post 3.12 EPS for the current fiscal year.

Ball Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BALL. Baird R W raised shares of Ball from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Citigroup upped their price target on shares of Ball from $66.00 to $69.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. UBS Group upped their price target on shares of Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a research report on Tuesday, August 6th. Wells Fargo & Company upped their price target on shares of Ball from $61.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Truist Financial reaffirmed a “buy” rating and set a $78.00 price target (up from $76.00) on shares of Ball in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Ball currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.25.

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.