BSW Wealth Partners Has $684,000 Stock Holdings in Ball Co. (NYSE:BALL)

BSW Wealth Partners lowered its holdings in Ball Co. (NYSE:BALL) by 3.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,416 shares of the company’s stock after selling 509 shares during the quarter. BSW Wealth Partners’ holdings in Ball were worth $684,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in BALL. FMR LLC increased its position in Ball by 15.4% during the third quarter. FMR LLC now owns 4,418,570 shares of the company’s stock worth $300,065,000 after acquiring an additional 588,282 shares during the period. Franklin Resources Inc. increased its holdings in shares of Ball by 4.7% during the 3rd quarter. Franklin Resources Inc. now owns 6,954,876 shares of the company’s stock worth $453,144,000 after purchasing an additional 309,587 shares during the period. KBC Group NV lifted its stake in shares of Ball by 402.1% in the third quarter. KBC Group NV now owns 265,261 shares of the company’s stock valued at $18,014,000 after buying an additional 212,430 shares during the period. Meeder Asset Management Inc. grew its position in Ball by 400.4% during the third quarter. Meeder Asset Management Inc. now owns 162,690 shares of the company’s stock worth $11,048,000 after buying an additional 130,175 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in Ball by 167.2% during the third quarter. International Assets Investment Management LLC now owns 175,887 shares of the company’s stock valued at $119,440,000 after acquiring an additional 110,053 shares during the period. 86.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BALL shares. Mizuho raised Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price objective on the stock in a report on Tuesday, December 10th. Truist Financial dropped their price objective on shares of Ball from $78.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, January 6th. UBS Group upgraded shares of Ball from a “sell” rating to a “neutral” rating and decreased their target price for the company from $62.00 to $58.00 in a research report on Friday, January 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price target on shares of Ball in a research report on Monday, November 4th. Finally, Citigroup decreased their price objective on Ball from $69.00 to $59.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.17.

Ball Stock Down 1.7 %

Shares of NYSE:BALL opened at $55.57 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79. The firm has a market cap of $16.58 billion, a P/E ratio of 4.19, a P/E/G ratio of 1.35 and a beta of 0.93. The company’s 50-day moving average price is $56.96 and its two-hundred day moving average price is $61.41. Ball Co. has a 12 month low of $51.96 and a 12 month high of $71.32.

Ball (NYSE:BALL) last released its earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the firm earned $0.83 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis. As a group, research analysts forecast that Ball Co. will post 3.15 EPS for the current fiscal year.

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.