AE Wealth Management LLC Makes New Investment in Ball Co. (NYSE:BALL)

AE Wealth Management LLC purchased a new stake in Ball Co. (NYSE:BALL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,590 shares of the company’s stock, valued at approximately $396,000.

Other hedge funds also recently made changes to their positions in the company. Jessup Wealth Management Inc acquired a new stake in Ball during the first quarter valued at approximately $7,479,000. TD Asset Management Inc boosted its stake in Ball by 4.2% in the 1st quarter. TD Asset Management Inc now owns 1,453,639 shares of the company’s stock valued at $97,917,000 after buying an additional 58,863 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Ball in the first quarter valued at $1,973,000. QRG Capital Management Inc. grew its position in Ball by 306.6% in the second quarter. QRG Capital Management Inc. now owns 31,750 shares of the company’s stock valued at $1,906,000 after acquiring an additional 23,941 shares during the period. Finally, United Services Automobile Association acquired a new position in Ball during the fourth quarter worth $592,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Trading Up 0.9 %

BALL stock opened at $67.00 on Friday. The business has a fifty day moving average of $64.02 and a 200-day moving average of $65.19. The company has a market cap of $20.34 billion, a P/E ratio of 5.04, a PEG ratio of 1.70 and a beta of 0.88. Ball Co. has a twelve month low of $42.81 and a twelve month high of $71.32. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.79.

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

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Tuesday, September 3rd. Ball’s dividend payout ratio is presently 6.02%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BALL shares. Baird R W upgraded shares of Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Robert W. Baird raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research note on Wednesday, August 14th. Wells Fargo & Company dropped their price objective 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. Truist Financial reissued a “buy” rating and issued a $78.00 target price (up from $76.00) on shares of Ball in a report on Friday, August 2nd. Finally, Royal Bank of Canada dropped their price target on Ball from $80.00 to $77.00 and set an “outperform” rating for the company in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Ball currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.83.

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.