Crossmark Global Holdings Inc. Purchases 511 Shares of Ball Co. (NYSE:BALL)

Crossmark Global Holdings Inc. raised its position in Ball Co. (NYSE:BALL) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,353 shares of the company’s stock after purchasing an additional 511 shares during the period. Crossmark Global Holdings Inc.’s holdings in Ball were worth $1,177,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of BALL. Franklin Resources Inc. increased its position in shares of Ball by 4.7% in the 3rd quarter. Franklin Resources Inc. now owns 6,954,876 shares of the company’s stock valued at $453,144,000 after buying an additional 309,587 shares in the last quarter. FMR LLC increased its holdings in shares of Ball by 15.4% in 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 in the last quarter. Raymond James & Associates raised its position in shares of Ball by 6.1% during the third quarter. Raymond James & Associates now owns 1,720,859 shares of the company’s stock worth $116,864,000 after purchasing an additional 99,306 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Ball by 458.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,018,648 shares of the company’s stock valued at $61,139,000 after purchasing an additional 836,293 shares in the last quarter. Finally, M&G PLC grew its position in shares of Ball by 5.2% in the 3rd quarter. M&G PLC now owns 790,137 shares of the company’s stock valued at $53,729,000 after purchasing an additional 38,714 shares during the period. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Ball Stock Down 0.3 %

Ball stock opened at $55.01 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.09 and a quick ratio of 0.82. The company’s 50-day moving average is $57.16 and its 200-day moving average is $61.44. The firm has a market capitalization of $16.42 billion, a PE ratio of 4.15, a P/E/G ratio of 1.35 and a beta of 0.93. Ball Co. has a fifty-two week low of $51.96 and a fifty-two week high of $71.32.

Ball (NYSE:BALL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share (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 firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the company earned $0.83 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. Sell-side analysts anticipate that Ball Co. will post 3.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

BALL has been the topic of several research analyst reports. Citigroup dropped their target price on shares of Ball from $69.00 to $59.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Morgan Stanley cut their price objective on shares of Ball from $78.00 to $75.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Truist Financial dropped their price target on Ball from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. UBS Group upgraded Ball from a “sell” rating to a “neutral” rating and decreased their price objective for the stock from $62.00 to $58.00 in a report on Friday, January 10th. Finally, Mizuho upgraded Ball from a “neutral” rating to an “outperform” rating and set a $67.00 target price on the stock in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Ball has an average rating of “Moderate Buy” and a consensus target price of $68.17.

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.