Y Intercept Hong Kong Ltd acquired a new position in shares of Ball Co. (NYSE:BALL - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 34,063 shares of the company's stock, valued at approximately $2,313,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC raised its position in Ball by 15.4% during the third quarter. FMR LLC now owns 4,418,570 shares of the company's stock valued at $300,065,000 after purchasing an additional 588,282 shares in the last quarter. Mirova US LLC boosted its stake in Ball by 0.5% in the second quarter. Mirova US LLC now owns 2,495,497 shares of the company's stock valued at $149,780,000 after buying an additional 13,320 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Ball by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,414,615 shares of the company's stock valued at $144,951,000 after acquiring an additional 171,924 shares during the last quarter. Raymond James & Associates raised its stake in Ball by 6.1% during the third quarter. Raymond James & Associates now owns 1,720,859 shares of the company's stock worth $116,864,000 after acquiring an additional 99,306 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Ball by 458.6% in the second quarter. The Manufacturers Life Insurance Company now owns 1,018,648 shares of the company's stock worth $61,139,000 after acquiring an additional 836,293 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.
Analyst Ratings Changes
A number of analysts recently weighed in on the company. Robert W. Baird upgraded Ball from a "neutral" rating to an "outperform" rating and set a $70.00 price objective for the company in a report on Wednesday, August 14th. Morgan Stanley upgraded shares of Ball from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $69.00 to $78.00 in a report on Wednesday, September 4th. Mizuho upgraded Ball from a "neutral" rating to an "outperform" rating and set a $67.00 price target on the stock in a report on Tuesday. Wells Fargo & Company lowered their price target on shares of Ball from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Friday, November 1st. Finally, Citigroup raised their price target on shares of Ball from $66.00 to $69.00 and gave the company a "neutral" rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $70.75.
Check Out Our Latest Stock Report on Ball
Ball Stock Down 1.0 %
BALL traded down $0.60 during trading on Tuesday, reaching $57.07. The stock had a trading volume of 2,830,012 shares, compared to its average volume of 1,833,254. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $17.03 billion, a price-to-earnings ratio of 4.31, a P/E/G ratio of 1.43 and a beta of 0.91. The stock's 50 day moving average is $62.74 and its two-hundred day moving average is $63.61. Ball Co. has a one year low of $54.06 and a one year high of $71.32.
Ball (NYSE:BALL - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping 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 business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. Ball's quarterly revenue was down .9% on a year-over-year basis. As a group, analysts expect that Ball Co. will post 3.15 earnings per share for the current year.
Ball Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.40%. Ball's dividend payout ratio is currently 6.03%.
Ball Company Profile
(
Free Report)
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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