Tritonpoint Wealth LLC Sells 763 Shares of Ball Co. (NYSE:BALL)

Tritonpoint Wealth LLC trimmed its holdings in Ball Co. (NYSE:BALL) by 1.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,027 shares of the company’s stock after selling 763 shares during the quarter. Tritonpoint Wealth LLC’s holdings in Ball were worth $2,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Picton Mahoney Asset Management grew its position in Ball by 68.9% during the 4th quarter. Picton Mahoney Asset Management now owns 522 shares of the company’s stock valued at $29,000 after purchasing an additional 213 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Ball by 328.4% during the 4th quarter. Venturi Wealth Management LLC now owns 664 shares of the company’s stock valued at $37,000 after acquiring an additional 509 shares during the last quarter. Whipplewood Advisors LLC boosted its holdings in shares of Ball by 764.9% in the first quarter. Whipplewood Advisors LLC now owns 813 shares of the company’s stock worth $42,000 after buying an additional 719 shares during the last quarter. Parvin Asset Management LLC purchased a new position in shares of Ball in the fourth quarter worth approximately $70,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Ball by 51.3% in the first quarter. Farther Finance Advisors LLC now owns 1,474 shares of the company’s stock worth $77,000 after buying an additional 500 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Ball Trading Down 1.5%

Ball stock opened at $54.32 on Friday. The stock has a market cap of $15.07 billion, a P/E ratio of 4.29, a PEG ratio of 1.24 and a beta of 1.08. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 0.69. Ball Co. has a 1 year low of $43.51 and a 1 year high of $68.12. The firm’s 50 day moving average price is $51.41 and its 200-day moving average price is $52.95.

Ball (NYSE:BALL) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. Ball had a net margin of 33.98% and a return on equity of 16.17%. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter in the previous year, the business posted $0.68 earnings per share. Ball’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities analysts predict that Ball Co. will post 3.48 earnings per share for the current fiscal year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Monday, June 2nd. Ball’s dividend payout ratio is presently 47.62%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BALL shares. Barclays dropped their price objective on shares of Ball from $61.00 to $57.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 14th. Loop Capital dropped their price objective on shares of Ball from $83.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. UBS Group decreased their target price on shares of Ball from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Truist Financial decreased their target price on shares of Ball from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Finally, Mizuho decreased their target price on shares of Ball from $63.00 to $58.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.00.

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.