Ball Co. (NYSE:BALL) Holdings Lifted by Hemenway Trust Co LLC

Hemenway Trust Co LLC grew its holdings in shares of Ball Co. (NYSE:BALL) by 46.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 275,083 shares of the company’s stock after purchasing an additional 87,120 shares during the period. Ball makes up approximately 1.5% of Hemenway Trust Co LLC’s investment portfolio, making the stock its 27th largest holding. Hemenway Trust Co LLC owned 0.09% of Ball worth $18,681,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Ball by 0.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 692,380 shares of the company’s stock worth $47,020,000 after acquiring an additional 2,762 shares during the last quarter. GSA Capital Partners LLP raised its stake in shares of Ball by 6.8% in the 3rd quarter. GSA Capital Partners LLP now owns 9,519 shares of the company’s stock valued at $646,000 after buying an additional 608 shares in the last quarter. Jag Capital Management LLC boosted its stake in shares of Ball by 2.1% in the 3rd quarter. Jag Capital Management LLC now owns 26,458 shares of the company’s stock valued at $1,797,000 after purchasing an additional 551 shares in the last quarter. River Global Investors LLP raised its position in Ball by 83.9% in the 3rd quarter. River Global Investors LLP now owns 22,663 shares of the company’s stock valued at $1,538,000 after purchasing an additional 10,338 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in shares of Ball by 5.7% during the third quarter. Crossmark Global Holdings Inc. now owns 20,842 shares of the company’s stock worth $1,415,000 after buying an additional 1,119 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Up 0.0 %

Shares of NYSE BALL traded up $0.02 during mid-day trading on Tuesday, reaching $60.33. 46,480 shares of the company’s stock traded hands, compared to its average volume of 1,794,675. The stock has a market cap of $18.00 billion, a P/E ratio of 4.55, a PEG ratio of 1.51 and a beta of 0.90. 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 $48.35 and a 1-year high of $71.32. The business has a 50-day simple moving average of $64.74 and a 200 day simple moving average of $64.81.

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

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.20 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.33%. Ball’s payout ratio is currently 6.03%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Robert W. Baird raised Ball from a “neutral” rating to an “outperform” rating and set a $70.00 target price on the stock in a research note on Wednesday, August 14th. Morgan Stanley raised shares of Ball from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $69.00 to $78.00 in a research note on Wednesday, September 4th. Mizuho lowered their target price on shares of Ball from $69.00 to $67.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Truist Financial reissued a “buy” rating and set a $78.00 price target (up from $76.00) on shares of Ball in a research report on Friday, August 2nd. Finally, Baird R W raised Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $70.75.

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.