Barclays PLC Has $54.74 Million Position in Ball Co. (NYSE:BALL)

Barclays PLC trimmed its position in shares of Ball Co. (NYSE:BALL - Free Report) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 806,061 shares of the company's stock after selling 20,538 shares during the period. Barclays PLC owned 0.27% of Ball worth $54,739,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BALL. Nomura Asset Management Co. Ltd. boosted its position in Ball by 8.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 93,339 shares of the company's stock worth $6,339,000 after acquiring an additional 6,963 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Ball in the third quarter worth about $2,313,000. MML Investors Services LLC lifted its holdings in Ball by 24.5% in the third quarter. MML Investors Services LLC now owns 20,190 shares of the company's stock worth $1,371,000 after purchasing an additional 3,974 shares during the period. iA Global Asset Management Inc. grew its position in Ball by 10.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 11,772 shares of the company's stock valued at $799,000 after buying an additional 1,135 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new position in Ball during the 3rd quarter valued at about $4,080,000. Institutional investors own 86.51% of the company's stock.

Ball Trading Up 0.4 %

BALL stock traded up $0.25 during mid-day trading on Friday, reaching $58.24. 1,736,007 shares of the stock traded hands, compared to its average volume of 1,837,794. Ball Co. has a 52-week low of $54.06 and a 52-week high of $71.32. The stock's fifty day moving average is $62.20 and its 200-day moving average is $63.45. The company has a market cap of $17.38 billion, a P/E ratio of 4.39, a P/E/G ratio of 1.44 and a beta of 0.91. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79.

Ball (NYSE:BALL - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. The business had revenue of $3.08 billion for 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 was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 earnings per share. As a group, sell-side analysts expect that Ball Co. will post 3.15 earnings per share for the current year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend yield of 1.37%. Ball's dividend payout ratio (DPR) is presently 6.03%.

Analyst Ratings Changes

BALL has been the subject of a number of research analyst reports. Mizuho raised shares of Ball from a "neutral" rating to an "outperform" rating and set a $67.00 price target for the company in a research note on Tuesday. Wells Fargo & Company cut their target price on Ball from $63.00 to $61.00 and set an "equal weight" rating for the company in a research report on Friday, November 1st. Morgan Stanley upgraded Ball from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $69.00 to $78.00 in a research report on Wednesday, September 4th. Royal Bank of Canada restated an "outperform" rating and issued a $75.00 price objective on shares of Ball in a report on Monday, November 4th. Finally, Citigroup raised their target price on Ball from $66.00 to $69.00 and gave the company a "neutral" rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Ball has a consensus rating of "Moderate Buy" and a consensus price target of $70.75.

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.