KBC Group NV lifted its position in shares of Ball Co. (NYSE:BALL - Free Report) by 402.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 265,261 shares of the company's stock after buying an additional 212,430 shares during the period. KBC Group NV owned approximately 0.09% of Ball worth $18,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the company. MQS Management LLC increased its stake in Ball by 10.0% during the third quarter. MQS Management LLC now owns 8,873 shares of the company's stock worth $603,000 after acquiring an additional 808 shares during the last quarter. Aigen Investment Management LP grew its holdings in shares of Ball by 44.6% during the 3rd quarter. Aigen Investment Management LP now owns 11,392 shares of the company's stock worth $774,000 after purchasing an additional 3,512 shares during the period. Hemenway Trust Co LLC increased its position in shares of Ball by 46.3% during the 3rd quarter. Hemenway Trust Co LLC now owns 275,083 shares of the company's stock worth $18,681,000 after purchasing an additional 87,120 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Ball by 0.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 692,380 shares of the company's stock valued at $47,020,000 after buying an additional 2,762 shares during the period. Finally, GSA Capital Partners LLP lifted its position in Ball by 6.8% in the third quarter. GSA Capital Partners LLP now owns 9,519 shares of the company's stock valued at $646,000 after buying an additional 608 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company's stock.
Ball Stock Down 1.6 %
Ball stock traded down $1.02 during trading on Friday, reaching $60.92. The stock had a trading volume of 2,020,557 shares, compared to its average volume of 1,807,068. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79. Ball Co. has a 52-week low of $51.62 and a 52-week high of $71.32. The stock has a market cap of $18.18 billion, a PE ratio of 4.59, a P/E/G ratio of 1.56 and a beta of 0.90. The business has a 50 day moving average price of $64.51 and a 200 day moving average price of $64.61.
Ball (NYSE:BALL - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. The business had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. The company's revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 EPS. On average, analysts predict that Ball Co. will post 3.15 EPS for the current year.
Ball Dividend Announcement
The firm 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 $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 1.31%. Ball's payout ratio is currently 6.03%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on BALL shares. Mizuho dropped their price target on shares of Ball from $69.00 to $67.00 and set a "neutral" rating for the company in a research report on Monday, November 4th. Royal Bank of Canada reissued an "outperform" rating and issued a $75.00 target price on shares of Ball in a research report on Monday, November 4th. Wells Fargo & Company lowered their price target 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. Baird R W upgraded Ball from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 14th. Finally, Robert W. Baird upgraded Ball from a "neutral" rating to an "outperform" rating and set a $70.00 target price for the company in a report on Wednesday, August 14th. 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $70.75.
Read Our Latest Stock Analysis on Ball
Ball 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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