Brighton Jones LLC Has $252,000 Stock Position in Ball Co. (NYSE:BALL)

Brighton Jones LLC lessened its stake in shares of Ball Co. (NYSE:BALL) by 46.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,714 shares of the company’s stock after selling 3,211 shares during the quarter. Brighton Jones LLC’s holdings in Ball were worth $252,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Independence Bank of Kentucky acquired a new position in Ball during the first quarter worth $47,000. Friedenthal Financial acquired a new stake in shares of Ball in the 2nd quarter worth about $47,000. Quarry LP lifted its position in Ball by 598.6% in the 2nd quarter. Quarry LP now owns 999 shares of the company’s stock valued at $60,000 after acquiring an additional 856 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Ball by 334.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $68,000 after purchasing an additional 815 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Ball during the 2nd quarter worth approximately $72,000. 86.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Royal Bank of Canada dropped their target price on Ball from $77.00 to $75.00 and set an “outperform” rating on the stock in a report on Thursday, October 17th. Citigroup lifted their price objective on shares of Ball from $66.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Robert W. Baird upgraded shares of Ball from a “neutral” rating to an “outperform” rating and set a $70.00 target price for the company in a report on Wednesday, August 14th. Truist Financial restated a “buy” rating and set a $78.00 price target (up from $76.00) on shares of Ball in a report on Friday, August 2nd. Finally, UBS Group increased their price objective on shares of Ball from $56.00 to $59.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.08.

Ball Price Performance

Shares of NYSE BALL opened at $64.03 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. The stock has a fifty day simple moving average of $65.36 and a two-hundred day simple moving average of $65.14. Ball Co. has a 1-year low of $45.49 and a 1-year high of $71.32. The firm has a market cap of $19.87 billion, a price-to-earnings ratio of 4.82, a price-to-earnings-growth ratio of 1.63 and a beta of 0.88.

Ball (NYSE:BALL) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.10 billion. Ball had a return on equity of 19.45% and a net margin of 32.79%. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 EPS. Analysts anticipate that Ball Co. will post 3.12 earnings per share for the current year.

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Monday, December 2nd. Ball’s dividend payout ratio (DPR) is currently 6.02%.

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.