Raymond James & Associates Has $116.86 Million Stock Holdings in Ball Co. (NYSE:BALL)

Raymond James & Associates increased its stake in shares of Ball Co. (NYSE:BALL - Free Report) by 6.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,720,859 shares of the company's stock after acquiring an additional 99,306 shares during the period. Raymond James & Associates owned approximately 0.55% of Ball worth $116,864,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Ball by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 35,855,312 shares of the company's stock worth $2,415,214,000 after buying an additional 267,479 shares in the last quarter. Boston Partners raised its position in shares of Ball by 114.1% in the 1st quarter. Boston Partners now owns 4,057,645 shares of the company's stock valued at $273,347,000 after purchasing an additional 2,162,167 shares in the last quarter. Mirova US LLC boosted its stake 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 valued at $149,780,000 after buying an additional 13,320 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Ball by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,414,615 shares of the company's stock worth $144,951,000 after buying an additional 171,924 shares during the last quarter. Finally, TD Asset Management Inc boosted its stake in Ball by 4.2% during the 1st quarter. TD Asset Management Inc now owns 1,453,639 shares of the company's stock valued at $97,917,000 after acquiring an additional 58,863 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.

Ball Price Performance

NYSE BALL traded down $1.06 on Monday, reaching $66.19. The company's stock had a trading volume of 1,376,079 shares, compared to its average volume of 1,806,008. The firm's 50 day moving average is $65.19 and its two-hundred day moving average is $65.18. The stock has a market cap of $20.54 billion, a PE ratio of 4.98, a PEG ratio of 1.63 and a beta of 0.88. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.18. Ball Co. has a twelve month low of $42.81 and a twelve month high of $71.32.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.04. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.10 billion. Ball had a return on equity of 19.45% and a net margin of 32.79%. The company's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. As a group, sell-side analysts predict that Ball Co. will post 3.12 EPS for the current year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.80 annualized dividend and a dividend yield of 1.21%. Ball's dividend payout ratio (DPR) is presently 6.02%.

Analyst Ratings Changes

BALL has been the subject of several research analyst reports. UBS Group boosted their price objective on Ball from $56.00 to $59.00 and gave the company a "sell" rating in a report on Tuesday, August 6th. Robert W. Baird raised shares of Ball from a "neutral" rating to an "outperform" rating and set a $70.00 target price on the stock in a report on Wednesday, August 14th. Wells Fargo & Company lifted their price target on shares of Ball from $61.00 to $63.00 and gave the company an "equal weight" rating in a report on Tuesday, October 15th. Royal Bank of Canada cut their target price on shares of Ball from $77.00 to $75.00 and set an "outperform" rating on the stock in a report on Thursday. Finally, Morgan Stanley raised Ball from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $69.00 to $78.00 in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $71.08.

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.