Natixis Advisors LLC Grows Stock Position in Ball Co. (NYSE:BALL)

Natixis Advisors LLC grew its holdings in shares of Ball Co. (NYSE:BALL - Free Report) by 13.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 216,338 shares of the company's stock after buying an additional 25,048 shares during the quarter. Natixis Advisors LLC owned 0.07% of Ball worth $14,692,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BALL. Catalyst Capital Advisors LLC bought a new position in Ball in the 3rd quarter valued at about $47,000. Friedenthal Financial purchased a new stake in shares of Ball in the second quarter worth approximately $47,000. Quarry LP raised 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 in the last quarter. Farther Finance Advisors LLC raised its position in Ball by 29.1% during the third quarter. Farther Finance Advisors LLC now owns 1,011 shares of the company's stock valued at $69,000 after acquiring an additional 228 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Ball by 334.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company's stock valued at $68,000 after acquiring an additional 815 shares in the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on BALL shares. Citigroup lifted their price target on Ball from $66.00 to $69.00 and gave the company a "neutral" rating in a report on Wednesday, October 2nd. Morgan Stanley upgraded Ball from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $69.00 to $78.00 in a research report on Wednesday, September 4th. 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 research report on Wednesday, August 14th. UBS Group boosted their target price on Ball from $56.00 to $59.00 and gave the stock a "sell" rating in a research report on Tuesday, August 6th. Finally, Mizuho decreased their target price on Ball from $69.00 to $67.00 and set a "neutral" rating for the company in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $70.75.

Ball Stock Down 0.1 %

Shares of BALL traded down $0.05 during mid-day trading on Wednesday, hitting $59.86. 841,875 shares of the company traded hands, compared to its average volume of 1,808,033. Ball Co. has a 1-year low of $52.92 and a 1-year high of $71.32. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $17.86 billion, a PE ratio of 4.52, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90. The business has a 50 day moving average of $64.35 and a 200 day moving average of $64.47.

Ball (NYSE:BALL - Get Free Report) last issued its quarterly earnings results 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 net margin of 34.05% and a return on equity of 17.46%. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the company earned $0.83 EPS. Ball's quarterly revenue was down .9% on a year-over-year basis. Equities research analysts anticipate 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. Investors of record on Monday, December 2nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Monday, December 2nd. Ball's payout ratio is 6.03%.

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.