Janney Montgomery Scott LLC Sells 20,412 Shares of Ball Co. (NYSE:BALL)

Janney Montgomery Scott LLC reduced its holdings in shares of Ball Co. (NYSE:BALL) by 3.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 501,108 shares of the company’s stock after selling 20,412 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ball were worth $27,626,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BALL. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Ball by 36.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,590 shares of the company’s stock worth $155,000 after acquiring an additional 698 shares during the period. AE Wealth Management LLC acquired a new stake in Ball during the 2nd quarter worth approximately $396,000. ProShare Advisors LLC boosted its stake in Ball by 6.4% in the 2nd quarter. ProShare Advisors LLC now owns 51,466 shares of the company’s stock valued at $3,089,000 after purchasing an additional 3,081 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Ball by 334.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $68,000 after buying an additional 815 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Ball during the 2nd quarter worth $234,000. 86.51% of the stock is owned by institutional investors and hedge funds.

Ball Price Performance

Shares of BALL stock opened at $55.01 on Friday. The business has a fifty day simple moving average of $57.16 and a 200 day simple moving average of $61.44. The company has a market cap of $16.42 billion, a P/E ratio of 4.15, a P/E/G ratio of 1.35 and a beta of 0.93. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79. Ball Co. has a twelve month low of $51.96 and a twelve month high of $71.32.

Ball (NYSE:BALL) last posted its earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 earnings per share. On average, sell-side analysts forecast that Ball Co. will post 3.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reduced their target price on shares of Ball from $78.00 to $75.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. UBS Group raised shares of Ball from a “sell” rating to a “neutral” rating and cut their price objective for the company from $62.00 to $58.00 in a report on Friday, January 10th. Mizuho raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 target price on the stock in a report on Tuesday, December 10th. Truist Financial cut their price target on Ball from $78.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, Wells Fargo & Company restated an “underweight” rating and set a $49.00 price objective (down previously from $56.00) on shares of Ball in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ball presently has an average rating of “Moderate Buy” and a consensus target price of $68.17.

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.