Hudson Valley Investment Advisors Inc. ADV Makes New $200,000 Investment in Ball Co. (NYSE:BALL)

Hudson Valley Investment Advisors Inc. ADV bought a new stake in Ball Co. (NYSE:BALLFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,500 shares of the company’s stock, valued at approximately $200,000.

Other hedge funds have also made changes to their positions in the company. Clarity Financial LLC acquired a new position in Ball in the fourth quarter valued at approximately $205,000. Cascade Investment Advisors Inc. raised its position in Ball by 2.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 25,712 shares of the company’s stock valued at $1,479,000 after purchasing an additional 670 shares during the period. Raymond James Trust N.A. raised its position in Ball by 5.4% in the fourth quarter. Raymond James Trust N.A. now owns 66,408 shares of the company’s stock valued at $3,820,000 after purchasing an additional 3,427 shares during the period. JGP Wealth Management LLC lifted its stake in shares of Ball by 1.3% in the 4th quarter. JGP Wealth Management LLC now owns 15,896 shares of the company’s stock valued at $914,000 after purchasing an additional 208 shares during the last quarter. Finally, Triangle Securities Wealth Management purchased a new position in shares of Ball during the 4th quarter worth $231,000. Hedge funds and other institutional investors own 84.79% of the company’s stock.

Insiders Place Their Bets

In other Ball news, insider Daniel William Fisher bought 3,869 shares of the stock in a transaction dated Thursday, March 14th. The shares were acquired at an average cost of $64.56 per share, for a total transaction of $249,782.64. Following the completion of the transaction, the insider now owns 111,866 shares in the company, valued at approximately $7,222,068.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Bank of America upgraded shares of Ball from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $61.00 to $72.00 in a report on Monday, March 4th. Morgan Stanley assumed coverage on shares of Ball in a report on Monday, March 18th. They issued an “equal weight” rating and a $68.00 price objective on the stock. Mizuho lifted their target price on shares of Ball to $63.00 and gave the company a “neutral” rating in a report on Tuesday, February 20th. Wolfe Research began coverage on Ball in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. Finally, UBS Group started coverage on Ball in a research report on Tuesday, January 16th. They set a “sell” rating and a $55.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to, the stock has an average rating of “Hold” and a consensus price target of $63.33.

Get Our Latest Report on BALL

Ball Trading Up 1.1 %

NYSE:BALL opened at $66.22 on Friday. The stock has a 50-day simple moving average of $60.76 and a 200-day simple moving average of $55.08. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.54 and a current ratio of 0.79. The stock has a market cap of $20.90 billion, a P/E ratio of 29.56, a P/E/G ratio of 4.19 and a beta of 0.89. Ball Co. has a 1 year low of $42.81 and a 1 year high of $66.40.

Ball (NYSE:BALLGet Free Report) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The firm had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.56 billion. Ball had a net margin of 5.04% and a return on equity of 23.81%. Ball’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 earnings per share. As a group, analysts anticipate that Ball Co. will post 3.13 earnings per share for the current fiscal year.

Ball Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.80 dividend on an annualized basis and a yield of 1.21%. Ball’s dividend payout ratio is presently 35.71%.

Ball Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ball (NYSE:BALL)

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