Everence Capital Management Inc. bought a new stake in shares of Ball Co. (NYSE:BALL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,040 shares of the company's stock, valued at approximately $774,000.
Other hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. increased its stake in Ball by 4.7% in the 3rd quarter. Franklin Resources Inc. now owns 6,954,876 shares of the company's stock worth $453,144,000 after buying an additional 309,587 shares during the period. FMR LLC grew its stake in Ball by 15.4% in the 3rd quarter. FMR LLC now owns 4,418,570 shares of the company's stock worth $300,065,000 after acquiring an additional 588,282 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Ball by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,414,615 shares of the company's stock worth $144,951,000 after acquiring an additional 171,924 shares during the period. Raymond James & Associates raised its stake in shares of Ball by 6.1% during the third quarter. Raymond James & Associates now owns 1,720,859 shares of the company's stock valued at $116,864,000 after acquiring an additional 99,306 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Ball by 458.6% during the second quarter. The Manufacturers Life Insurance Company now owns 1,018,648 shares of the company's stock valued at $61,139,000 after acquiring an additional 836,293 shares in the last quarter. Institutional investors own 86.51% of the company's stock.
Analyst Ratings Changes
BALL has been the topic of several research reports. Royal Bank of Canada restated an "outperform" rating and set a $75.00 price objective on shares of Ball in a report on Monday, November 4th. Citigroup raised their price target on Ball from $66.00 to $69.00 and gave the company a "neutral" rating in a research note on Wednesday, October 2nd. Wells Fargo & Company lowered their price objective on shares of Ball from $63.00 to $61.00 and set an "equal weight" rating for the company in a research note on Friday, November 1st. Finally, Mizuho raised shares of Ball from a "neutral" rating to an "outperform" rating and set a $67.00 target price on the stock in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Ball has a consensus rating of "Moderate Buy" and a consensus target price of $70.75.
Check Out Our Latest Analysis on BALL
Ball Stock Down 0.8 %
Shares of BALL stock traded down $0.41 during trading hours on Friday, reaching $54.03. 2,221,808 shares of the company's stock were exchanged, compared to its average volume of 2,121,054. 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 cap of $16.12 billion, a price-to-earnings ratio of 4.07, a P/E/G ratio of 1.44 and a beta of 0.91. Ball Co. has a fifty-two week low of $53.85 and a fifty-two week high of $71.32. The stock's 50 day moving average is $59.16 and its 200-day moving average is $62.09.
Ball (NYSE:BALL - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. Ball had a return on equity of 17.46% and a net margin of 34.05%. The company had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $3.13 billion. During the same period last year, the business posted $0.83 earnings per share. The firm's revenue was down .9% compared to the same quarter last year. Analysts predict that Ball Co. will post 3.15 earnings per share for the current fiscal year.
Ball Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.48%. The ex-dividend date was Monday, December 2nd. Ball's dividend payout ratio is presently 6.03%.
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.
Recommended Stories
Before you consider Ball, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ball wasn't on the list.
While Ball currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
