RDA Financial Network Has $1.08 Million Holdings in Ball Co. (NYSE:BALL)

RDA Financial Network grew its position in shares of Ball Co. (NYSE:BALL) by 25.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,628 shares of the company’s stock after purchasing an additional 3,930 shares during the quarter. RDA Financial Network’s holdings in Ball were worth $1,082,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Federated Hermes Inc. grew its stake in Ball by 0.9% during the second quarter. Federated Hermes Inc. now owns 18,941 shares of the company’s stock worth $1,137,000 after purchasing an additional 162 shares during the period. Moors & Cabot Inc. boosted its holdings in shares of Ball by 4.5% during the 3rd quarter. Moors & Cabot Inc. now owns 4,442 shares of the company’s stock worth $302,000 after buying an additional 192 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Ball by 1.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 16,895 shares of the company’s stock valued at $1,147,000 after acquiring an additional 199 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of Ball by 2.1% in the 4th quarter. Park Avenue Securities LLC now owns 10,082 shares of the company’s stock valued at $556,000 after acquiring an additional 210 shares in the last quarter. Finally, Opal Wealth Advisors LLC boosted its stake in Ball by 7.6% during the third quarter. Opal Wealth Advisors LLC now owns 3,033 shares of the company’s stock worth $206,000 after acquiring an additional 215 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Performance

NYSE BALL opened at $54.22 on Friday. The company has a fifty day moving average price of $57.93 and a 200-day moving average price of $61.67. The firm has a market cap of $16.18 billion, a price-to-earnings ratio of 4.09, a PEG ratio of 1.24 and a beta of 0.93. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.09 and a quick ratio of 0.82. Ball Co. has a 1 year low of $51.96 and a 1 year high of $71.32.

Ball (NYSE:BALL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 EPS. As a group, equities research analysts predict that Ball Co. will post 3.15 EPS for the current fiscal year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Monday, December 2nd. Ball’s payout ratio is 6.03%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BALL shares. Truist Financial dropped their price objective on shares of Ball from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of Ball in a research note on Monday, November 4th. Citigroup cut their price target 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 upgraded Ball from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $62.00 to $58.00 in a report on Friday, January 10th. Finally, Morgan Stanley cut their target price on Ball from $78.00 to $75.00 and set an “overweight” rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ball has an average rating of “Moderate Buy” and an average price target 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.