Banque Cantonale Vaudoise Sells 14,278 Shares of Ball Co. (NYSE:BALL)

Banque Cantonale Vaudoise trimmed its position in shares of Ball Co. (NYSE:BALL - Free Report) by 47.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,572 shares of the company's stock after selling 14,278 shares during the period. Banque Cantonale Vaudoise's holdings in Ball were worth $1,057,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Boston Partners increased its position in shares of Ball by 114.1% during the first quarter. Boston Partners now owns 4,057,645 shares of the company's stock valued at $273,347,000 after buying an additional 2,162,167 shares during the period. The Manufacturers Life Insurance Company raised its holdings in 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 purchasing an additional 836,293 shares in the last quarter. WINTON GROUP Ltd lifted its position in Ball by 1,875.2% during the second quarter. WINTON GROUP Ltd now owns 275,238 shares of the company's stock valued at $16,520,000 after buying an additional 261,303 shares during the period. Raymond James & Associates boosted its holdings in shares of Ball by 17.5% during the 2nd quarter. Raymond James & Associates now owns 1,621,553 shares of the company's stock valued at $97,326,000 after buying an additional 241,502 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of Ball by 402.1% during the 3rd quarter. KBC Group NV now owns 265,261 shares of the company's stock valued at $18,014,000 after buying an additional 212,430 shares in the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BALL shares. Royal Bank of Canada reissued an "outperform" rating and set a $75.00 price target on shares of Ball in a research report on Monday, November 4th. Baird R W upgraded shares of Ball from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 14th. UBS Group upped their price target on Ball from $56.00 to $59.00 and gave the stock a "sell" rating in a research note on Tuesday, August 6th. Mizuho lowered their price objective on Ball from $69.00 to $67.00 and set a "neutral" rating for the company in a research note on Monday, November 4th. Finally, Truist Financial reissued a "buy" rating and issued a $78.00 target price (up from $76.00) on shares of Ball in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $70.75.

Ball Stock Performance

Shares of NYSE BALL opened at $60.42 on Thursday. 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's 50-day moving average price is $64.25 and its 200-day moving average price is $64.45. Ball Co. has a 52-week low of $52.92 and a 52-week high of $71.32. The company has a market cap of $18.03 billion, a PE ratio of 4.56, a PEG ratio of 1.50 and a beta of 0.90.

Ball (NYSE:BALL - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. The firm's revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 EPS. As a group, analysts anticipate that Ball Co. will post 3.15 EPS for the current year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.20 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.80 annualized dividend and a yield of 1.32%. Ball's payout ratio is 6.03%.

Ball 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.