Czech National Bank Has $3.57 Million Stock Position in Ball Co. (NYSE:BALL)

Czech National Bank grew its position in Ball Co. (NYSE:BALL) by 4.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 64,705 shares of the company’s stock after purchasing an additional 2,866 shares during the period. Czech National Bank’s holdings in Ball were worth $3,567,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Wealth Partners LLC increased its stake in shares of Ball by 298.9% in the 4th quarter. ORG Wealth Partners LLC now owns 1,428 shares of the company’s stock valued at $79,000 after buying an additional 1,070 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of Ball during the fourth quarter worth $774,000. Principal Financial Group Inc. grew its stake in shares of Ball by 1.1% during the third quarter. Principal Financial Group Inc. now owns 364,856 shares of the company’s stock worth $24,777,000 after purchasing an additional 3,967 shares during the period. Copley Financial Group Inc. acquired a new stake in shares of Ball during the third quarter worth $504,000. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Ball during the third quarter worth $1,195,000. 86.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. UBS Group raised Ball from a “sell” rating to a “neutral” rating and decreased their price objective for the stock from $62.00 to $58.00 in a research note on Friday, January 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Ball in a research note on Monday, November 4th. Morgan Stanley decreased their price objective on Ball from $78.00 to $75.00 and set an “overweight” rating for the company in a research note on Monday. Truist Financial decreased their price objective on Ball from $78.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, Citigroup decreased their price objective on Ball from $69.00 to $59.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.75.

Ball Stock Down 0.3 %

NYSE:BALL opened at $54.24 on Thursday. The stock has a market cap of $16.19 billion, a price-to-earnings ratio of 4.09, a PEG ratio of 1.44 and a beta of 0.93. The stock has a 50-day moving average price of $58.05 and a two-hundred day moving average price of $61.72. Ball Co. has a 1 year low of $51.96 and a 1 year high of $71.32. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79.

Ball (NYSE:BALL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The company 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%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 earnings per share. As a group, equities analysts expect that Ball Co. will post 3.15 earnings per share for the current year.

Ball Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.47%. Ball’s dividend payout ratio (DPR) is 6.03%.

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.