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Broderick Brian C Acquires 19,220 Shares of Ball Co. (NYSE:BALL)

Ball logo with Industrial Products background

Broderick Brian C increased its holdings in Ball Co. (NYSE:BALL - Free Report) by 37.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,219 shares of the company's stock after buying an additional 19,220 shares during the period. Broderick Brian C's holdings in Ball were worth $4,769,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Friedenthal Financial purchased a new position in Ball during the second quarter worth approximately $47,000. Catalyst Capital Advisors LLC acquired a new position in Ball in the third quarter valued at $47,000. Quarry LP grew its position in Ball by 598.6% during the second quarter. Quarry LP now owns 999 shares of the company's stock valued at $60,000 after acquiring an additional 856 shares during the period. EverSource Wealth Advisors LLC increased its stake in Ball by 334.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company's stock worth $68,000 after acquiring an additional 815 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Ball by 29.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,011 shares of the company's stock worth $69,000 after purchasing an additional 228 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

Ball Stock Performance

Ball stock traded down $1.02 during midday trading on Friday, hitting $60.92. The company's stock had a trading volume of 2,019,268 shares, compared to its average volume of 1,807,068. The company has a 50-day moving average price of $64.58 and a two-hundred day moving average price of $64.71. Ball Co. has a 1-year low of $51.62 and a 1-year high of $71.32. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.09 and a quick ratio of 0.82. The company has a market cap of $18.18 billion, a price-to-earnings ratio of 4.62, a PEG ratio of 1.56 and a beta of 0.90.

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. Ball had a return on equity of 17.46% and a net margin of 34.05%. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the company earned $0.83 EPS. Ball's revenue for the quarter was down .9% on a year-over-year basis. As a group, sell-side analysts predict that Ball Co. will post 3.15 earnings per share for the current year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.31%. Ball's dividend payout ratio is currently 6.03%.

Analysts Set New Price Targets

Several analysts recently issued reports on BALL shares. Mizuho lowered their price target on Ball from $69.00 to $67.00 and set a "neutral" rating for the company in a report on Monday, November 4th. Morgan Stanley raised shares of Ball from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $69.00 to $78.00 in a research report on Wednesday, September 4th. Truist Financial reaffirmed a "buy" rating and set a $78.00 target price (up from $76.00) on shares of Ball in a research report on Friday, August 2nd. Robert W. Baird raised shares of Ball from a "neutral" rating to an "outperform" rating and set a $70.00 price target for the company in a research report on Wednesday, August 14th. Finally, Wells Fargo & Company decreased 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Ball has an average rating of "Moderate Buy" and a consensus price target of $70.75.

Read Our Latest Research Report on Ball

About Ball

(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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Institutional Ownership by Quarter for Ball (NYSE:BALL)

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