Blueshift Asset Management LLC decreased its holdings in Ball Co. (NYSE:BALL – Free Report) by 8.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,418 shares of the company’s stock after selling 505 shares during the quarter. Blueshift Asset Management LLC’s holdings in Ball were worth $368,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Peterson Financial Group Inc. acquired a new stake in shares of Ball during the 3rd quarter worth $30,000. Friedenthal Financial acquired a new stake in Ball during the second quarter worth about $47,000. Catalyst Capital Advisors LLC purchased a new position in shares of Ball in the 3rd quarter worth about $47,000. Quarry LP lifted its stake in shares of Ball by 598.6% in the 2nd quarter. Quarry LP now owns 999 shares of the company’s stock valued at $60,000 after purchasing an additional 856 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Ball during the 3rd quarter worth about $66,000. Institutional investors and hedge funds own 86.51% of the company’s stock.
Wall Street Analysts Forecast Growth
BALL has been the topic of a number of recent research reports. Robert W. Baird raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price target on the stock in a research report on Wednesday, August 14th. Baird R W upgraded shares of Ball from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Wells Fargo & Company lowered their price target on Ball from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Citigroup boosted their price objective on Ball from $66.00 to $69.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Finally, Truist Financial reiterated a “buy” rating and issued a $78.00 target price (up previously from $76.00) on shares of Ball in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $70.75.
Ball Stock Performance
Shares of BALL opened at $62.60 on Friday. Ball Co. has a 52-week low of $53.69 and a 52-week high of $71.32. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79. The firm has a market cap of $18.68 billion, a price-to-earnings ratio of 4.72, a PEG ratio of 1.56 and a beta of 0.90. The business’s 50 day moving average is $63.72 and its two-hundred day moving average is $64.18.
Ball (NYSE:BALL – Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the business earned $0.83 EPS. Analysts forecast that Ball Co. will post 3.15 EPS for the current fiscal year.
Ball Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Monday, December 2nd. Ball’s payout ratio is currently 6.03%.
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.
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