Hemenway Trust Co LLC Has $15.67 Million Stock Holdings in Ball Co. (NYSE:BALL)

Hemenway Trust Co LLC increased its holdings in shares of Ball Co. (NYSE:BALL) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 284,221 shares of the company’s stock after purchasing an additional 9,138 shares during the period. Hemenway Trust Co LLC owned approximately 0.10% of Ball worth $15,669,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BALL. Public Sector Pension Investment Board grew its position in shares of Ball by 5.1% during the 3rd quarter. Public Sector Pension Investment Board now owns 12,317 shares of the company’s stock worth $836,000 after buying an additional 600 shares during the period. Janus Henderson Group PLC increased its stake in Ball by 14.1% in the third quarter. Janus Henderson Group PLC now owns 707,279 shares of the company’s stock valued at $48,030,000 after purchasing an additional 87,577 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Ball during the third quarter valued at about $909,000. Investment Management Corp of Ontario raised its holdings in shares of Ball by 46.9% during the third quarter. Investment Management Corp of Ontario now owns 10,341 shares of the company’s stock valued at $702,000 after purchasing an additional 3,300 shares during the period. Finally, Royal London Asset Management Ltd. boosted its position in shares of Ball by 8.2% during the 3rd quarter. Royal London Asset Management Ltd. now owns 137,203 shares of the company’s stock worth $9,317,000 after purchasing an additional 10,359 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BALL shares. Barclays dropped their price target on Ball from $72.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Citigroup cut their target price on Ball from $69.00 to $59.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. UBS Group decreased their price target on shares of Ball from $60.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $49.00 price objective (down from $56.00) on shares of Ball in a research note on Thursday, January 16th. Finally, Truist Financial decreased their target price on shares of Ball from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $63.30.

Ball Trading Down 3.9 %

Shares of BALL stock opened at $48.54 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.69 and a current ratio of 1.00. The company has a market capitalization of $13.71 billion, a price-to-earnings ratio of 3.83, a PEG ratio of 1.24 and a beta of 0.99. Ball Co. has a 52-week low of $48.51 and a 52-week high of $71.32. The company has a 50-day simple moving average of $51.82 and a two-hundred day simple moving average of $57.47.

Ball (NYSE:BALL) last announced its earnings results on Tuesday, February 4th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.92 billion. Ball had a return on equity of 16.17% and a net margin of 33.98%. The company’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 EPS. Research analysts anticipate that Ball Co. will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Monday, March 3rd. Ball’s dividend payout ratio is presently 6.32%.

Ball declared that its Board of Directors has authorized a share buyback program on Wednesday, January 29th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 24.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Ball Company 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.