Advisor Group Holdings Inc. Has $6.05 Million Stock Holdings in Ball Co. (NYSE:BLL)

Advisor Group Holdings Inc. cut its stake in Ball Co. (NYSE:BLLGet Rating) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,904 shares of the industrial products company’s stock after selling 213 shares during the period. Advisor Group Holdings Inc.’s holdings in Ball were worth $6,054,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BLL. Phraction Management LLC acquired a new position in shares of Ball during the 4th quarter worth $2,586,000. Daiwa Securities Group Inc. raised its holdings in shares of Ball by 4.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 19,153 shares of the industrial products company’s stock worth $1,844,000 after buying an additional 751 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Ball by 7.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 8,247 shares of the industrial products company’s stock worth $793,000 after buying an additional 579 shares in the last quarter. Wesbanco Bank Inc. raised its holdings in shares of Ball by 1.7% during the 4th quarter. Wesbanco Bank Inc. now owns 79,812 shares of the industrial products company’s stock worth $7,683,000 after buying an additional 1,347 shares in the last quarter. Finally, Hartford Investment Management Co. raised its holdings in shares of Ball by 7.8% during the 4th quarter. Hartford Investment Management Co. now owns 32,954 shares of the industrial products company’s stock worth $3,172,000 after buying an additional 2,379 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

NYSE BLL opened at $86.45 on Friday. The business’s 50-day moving average price is $89.62 and its two-hundred day moving average price is $91.32. Ball Co. has a 12 month low of $77.95 and a 12 month high of $98.09. The firm has a market capitalization of $27.77 billion, a PE ratio of 32.62, a price-to-earnings-growth ratio of 4.37 and a beta of 0.50. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 2.10.

Ball (NYSE:BLLGet Rating) last released its quarterly earnings results on Thursday, January 27th. The industrial products company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.07. Ball had a return on equity of 31.47% and a net margin of 6.36%. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the previous year, the company posted $0.81 EPS. The business’s revenue was up 18.4% on a year-over-year basis. As a group, analysts forecast that Ball Co. will post 3.99 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Tuesday, March 1st were given a dividend of $0.20 per share. The ex-dividend date was Monday, February 28th. This represents a $0.80 annualized dividend and a dividend yield of 0.93%. Ball’s payout ratio is 30.19%.

In related news, VP Nate C. Carey sold 8,563 shares of the company’s stock in a transaction dated Thursday, February 17th. The stock was sold at an average price of $91.90, for a total transaction of $786,939.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Nate C. Carey sold 2,530 shares of the company’s stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $90.50, for a total value of $228,965.00. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 15,862 shares of company stock worth $1,381,499. 1.40% of the stock is owned by corporate insiders.

A number of equities analysts have recently commented on the company. BMO Capital Markets raised Ball from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $87.00 to $105.00 in a report on Thursday, March 3rd. Northland Securities boosted their price target on Ball from $115.00 to $130.00 in a report on Friday, January 28th. Truist Financial upped their target price on Ball from $100.00 to $105.00 in a report on Wednesday, January 12th. Zacks Investment Research raised Ball from a “sell” rating to a “hold” rating and set a $93.00 target price for the company in a report on Friday, April 8th. Finally, Citigroup lowered their target price on Ball from $104.00 to $96.00 in a report on Friday, April 8th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $103.33.

About Ball (Get Rating)

Ball Corp. provides metal packaging for beverages, foods, and household products. It operates through the following business segments: Beverage Packaging North and Central America, Beverage Packaging South America, Beverage Packaging Europe, Middle East and Africa (EMEA), and Aerospace. The Beverage Packaging North and Central America segment includes multi-year supply contracts to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.

See Also

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Institutional Ownership by Quarter for Ball (NYSE:BLL)

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