Meeder Asset Management Inc. Grows Stock Holdings in Ball Co. (NYSE:BALL)

Meeder Asset Management Inc. grew its position in Ball Co. (NYSE:BALL - Free Report) by 400.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 162,690 shares of the company's stock after acquiring an additional 130,175 shares during the period. Meeder Asset Management Inc. owned about 0.05% of Ball worth $11,048,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Boston Partners raised its position in shares of Ball by 114.1% in the first quarter. Boston Partners now owns 4,057,645 shares of the company's stock worth $273,347,000 after acquiring an additional 2,162,167 shares during the period. Mirova US LLC raised its position in shares of Ball by 0.5% during the 2nd quarter. Mirova US LLC now owns 2,495,497 shares of the company's stock worth $149,780,000 after purchasing an additional 13,320 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Ball by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,414,615 shares of the company's stock worth $144,951,000 after purchasing an additional 171,924 shares during the last quarter. Raymond James & Associates raised its position in shares of Ball by 6.1% during the 3rd quarter. Raymond James & Associates now owns 1,720,859 shares of the company's stock worth $116,864,000 after purchasing an additional 99,306 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Ball by 458.6% during the 2nd 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 during the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.

Ball Price Performance

BALL traded down $0.95 during midday trading on Tuesday, reaching $59.91. 2,271,633 shares of the company's stock were exchanged, compared to its average volume of 1,812,346. The business's 50-day moving average price is $64.35 and its 200 day moving average price is $64.47. 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 stock has a market capitalization of $17.88 billion, a PE ratio of 4.52, a P/E/G ratio of 1.52 and a beta of 0.90. Ball Co. has a 1-year low of $51.65 and a 1-year high of $71.32.

Ball (NYSE:BALL - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. The business had revenue of $3.08 billion during 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 company's revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 earnings per share. As a group, equities analysts anticipate that Ball Co. will post 3.15 EPS for the current fiscal year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.34%. The ex-dividend date is Monday, December 2nd. Ball's dividend payout ratio (DPR) is 6.03%.

Analysts Set New Price Targets

BALL has been the subject of several research analyst reports. Truist Financial restated a "buy" rating and set a $78.00 price target (up previously from $76.00) on shares of Ball in a research report on Friday, August 2nd. Citigroup upped their price target on shares of Ball from $66.00 to $69.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 2nd. Mizuho reduced 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. Morgan Stanley upgraded shares of Ball from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $69.00 to $78.00 in a report on Wednesday, September 4th. Finally, Wells Fargo & Company cut their price objective on shares of Ball from $63.00 to $61.00 and set an "equal weight" rating for the company in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Ball has a consensus rating of "Moderate Buy" and an average target price of $70.75.

Ball Company 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.