6,124 Shares in Ball Co. (NYSE:BALL) Acquired by Meridian Wealth Management LLC

Meridian Wealth Management LLC purchased a new stake in shares of Ball Co. (NYSE:BALL) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,124 shares of the company’s stock, valued at approximately $416,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new stake in shares of Ball during the 3rd quarter worth about $30,000. Catalyst Capital Advisors LLC acquired a new stake in Ball during the third quarter worth approximately $47,000. Friedenthal Financial acquired a new stake in Ball during the second quarter worth approximately $47,000. Quarry LP boosted its holdings in shares of Ball by 598.6% during the second quarter. Quarry LP now owns 999 shares of the company’s stock worth $60,000 after acquiring an additional 856 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Ball by 29.1% in the third quarter. Farther Finance Advisors LLC now owns 1,011 shares of the company’s stock valued at $69,000 after purchasing an additional 228 shares during the last quarter. 86.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on BALL shares. Morgan Stanley upgraded Ball from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $69.00 to $78.00 in a research note on Wednesday, September 4th. Wells Fargo & Company decreased their price target on shares of Ball from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Truist Financial reiterated 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. Royal Bank of Canada restated an “outperform” rating and set a $75.00 target price on shares of Ball in a research report on Monday, November 4th. Finally, Baird R W upgraded shares of Ball from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Ball presently has a consensus rating of “Moderate Buy” and an average target price of $70.75.

Ball Trading Up 1.7 %

Shares of BALL stock opened at $61.86 on Monday. Ball Co. has a fifty-two week low of $53.57 and a fifty-two week high of $71.32. The stock’s fifty day moving average price is $64.08 and its two-hundred day moving average price is $64.30. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 1.09. The company has a market cap of $18.46 billion, a PE ratio of 4.67, a P/E/G ratio of 1.52 and a beta of 0.90.

Ball (NYSE:BALL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. The business 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%. Ball’s revenue was down .9% compared to the same quarter last year. During the same period last year, the firm posted $0.83 earnings per share. Equities analysts predict that Ball Co. will post 3.15 EPS for the current fiscal year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Monday, December 2nd. Ball’s payout ratio is 6.03%.

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.