Toronto Dominion Bank Purchases 9,173 Shares of Ball Co. (NYSE:BALL)

Toronto Dominion Bank grew its position in shares of Ball Co. (NYSE:BALL) by 6.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 160,329 shares of the company’s stock after acquiring an additional 9,173 shares during the period. Toronto Dominion Bank owned about 0.05% of Ball worth $8,839,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BALL. Picton Mahoney Asset Management grew its stake in Ball by 68.9% in the fourth quarter. Picton Mahoney Asset Management now owns 522 shares of the company’s stock worth $29,000 after purchasing an additional 213 shares during the period. 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 buying an additional 509 shares in the last quarter. Parvin Asset Management LLC bought a new stake in shares of Ball during the 4th quarter valued at $70,000. Hager Investment Management Services LLC purchased a new stake in shares of Ball in the 4th quarter worth about $76,000. Finally, Evermay Wealth Management LLC increased its stake in shares of Ball by 35.1% in the 4th quarter. Evermay Wealth Management LLC now owns 1,743 shares of the company’s stock worth $96,000 after acquiring an additional 453 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

Shares of BALL opened at $54.32 on Wednesday. The company has a market cap of $15.07 billion, a price-to-earnings ratio of 4.29, a P/E/G ratio of 1.24 and a beta of 1.10. The business’s fifty day simple moving average is $50.42 and its two-hundred day simple moving average is $53.81. Ball Co. has a 12 month low of $43.51 and a 12 month high of $70.43. The company has a current ratio of 1.00, a quick ratio of 0.69 and a debt-to-equity ratio of 0.90.

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.69 by $0.07. Ball had a return on equity of 16.17% and a net margin of 33.98%. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $2.91 billion. During the same period last year, the firm posted $0.68 earnings per share. Ball’s revenue was up 7.8% compared to the same quarter last year. Research analysts anticipate that Ball Co. will post 3.48 earnings per share for the current fiscal year.

Ball declared that its board has authorized a stock repurchase plan on Wednesday, January 29th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 24.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Monday, June 2nd. Ball’s payout ratio is presently 47.62%.

Analyst Ratings Changes

BALL has been the topic of several research reports. Truist Financial dropped their price objective 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. Wells Fargo & Company lifted their target price on shares of Ball from $44.00 to $50.00 and gave the company an “underweight” rating in a report on Wednesday, May 7th. Mizuho cut their price target on Ball from $63.00 to $58.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. UBS Group lowered their price objective on Ball from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Finally, Barclays dropped their target price on Ball from $61.00 to $57.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Ball 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.