Ball Co. (NYSE:BALL) Shares Sold by Intrepid Financial Planning Group LLC

Intrepid Financial Planning Group LLC lowered its holdings in shares of Ball Co. (NYSE:BALL) by 2.0% during the 3rd quarter, Holdings Channel reports. The fund owned 9,628 shares of the company’s stock after selling 200 shares during the period. Intrepid Financial Planning Group LLC’s holdings in Ball were worth $654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Federated Hermes Inc. raised its stake in Ball by 0.9% during the 2nd quarter. Federated Hermes Inc. now owns 18,941 shares of the company’s stock valued at $1,137,000 after acquiring an additional 162 shares in the last quarter. Fifth Third Bancorp raised its stake in Ball by 2.0% during the 2nd quarter. Fifth Third Bancorp now owns 8,743 shares of the company’s stock valued at $525,000 after acquiring an additional 174 shares in the last quarter. Deseret Mutual Benefit Administrators raised its stake in Ball by 17.0% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 1,280 shares of the company’s stock valued at $77,000 after acquiring an additional 186 shares in the last quarter. Tocqueville Asset Management L.P. raised its stake in Ball by 0.4% during the 1st quarter. Tocqueville Asset Management L.P. now owns 46,115 shares of the company’s stock valued at $3,106,000 after acquiring an additional 200 shares in the last quarter. Finally, Opal Wealth Advisors LLC raised its stake in Ball by 7.6% during the 3rd quarter. Opal Wealth Advisors LLC now owns 3,033 shares of the company’s stock valued at $206,000 after acquiring an additional 215 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

Shares of BALL stock opened at $60.31 on Tuesday. Ball Co. has a 1-year low of $48.35 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. The company has a market capitalization of $18.00 billion, a price-to-earnings ratio of 4.55, a P/E/G ratio of 1.51 and a beta of 0.90. The stock’s fifty day simple moving average is $64.74 and its 200-day simple moving average is $64.81.

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

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.33%. The ex-dividend date is Monday, December 2nd. Ball’s payout ratio is currently 6.03%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 target price on shares of Ball in a research note on Monday, November 4th. Baird R W raised Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Truist Financial reissued a “buy” rating and issued a $78.00 price objective (up previously from $76.00) on shares of Ball in a research note on Friday, August 2nd. Robert W. Baird raised 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. Finally, Citigroup boosted their price objective on Ball from $66.00 to $69.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $70.75.

About Ball

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.