Bar Harbor Wealth Management Boosts Stake in Ball Co. (NYSE:BALL)

Bar Harbor Wealth Management raised its position in shares of Ball Co. (NYSE:BALL) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,408 shares of the company’s stock after buying an additional 912 shares during the quarter. Bar Harbor Wealth Management’s holdings in Ball were worth $3,606,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Peterson Financial Group Inc. purchased a new position in shares of Ball in the 3rd quarter worth approximately $30,000. Catalyst Capital Advisors LLC bought a new position in Ball during the third quarter valued at $47,000. Quarry LP raised its stake in shares of Ball by 598.6% in the second quarter. Quarry LP now owns 999 shares of the company’s stock valued at $60,000 after acquiring an additional 856 shares during the period. Brooklyn Investment Group bought a new stake in shares of Ball in the 3rd quarter worth about $66,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Ball by 334.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $68,000 after purchasing an additional 815 shares during the period. Institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

Shares of Ball stock traded up $1.17 during trading on Monday, hitting $53.18. 2,281,680 shares of the company’s stock were exchanged, compared to its average volume of 2,388,347. Ball Co. has a 52-week low of $51.96 and a 52-week high of $71.32. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 1.09. The stock has a market capitalization of $15.87 billion, a price-to-earnings ratio of 4.01, a PEG ratio of 1.44 and a beta of 0.93. The business has a 50-day simple moving average of $58.29 and a 200-day simple moving average of $61.82.

Ball (NYSE:BALL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.13 billion. Ball had a return on equity of 17.46% and a net margin of 34.05%. During the same quarter in the prior year, the firm posted $0.83 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year. On average, research analysts forecast that Ball Co. will post 3.15 EPS for the current year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Monday, December 2nd. Ball’s payout ratio is 6.03%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BALL. Truist Financial lowered their price target on Ball from $78.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. Citigroup dropped their price target on Ball from $69.00 to $59.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 price objective on shares of Ball in a report on Monday, November 4th. Morgan Stanley dropped their target price on shares of Ball from $78.00 to $75.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Mizuho upgraded shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price target for the company in a report on Tuesday, December 10th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $68.75.

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.