Oddo BHF Asset Management Sas Purchases Shares of 17,596 Ball Co. (NYSE:BALL)

Oddo BHF Asset Management Sas bought a new position in shares of Ball Co. (NYSE:BALL - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 17,596 shares of the company's stock, valued at approximately $1,195,000.

Several other hedge funds have also modified their holdings of the stock. Peterson Financial Group Inc. acquired a new position in Ball during the 3rd quarter valued at about $30,000. Catalyst Capital Advisors LLC bought a new stake in shares of Ball during the third quarter worth approximately $47,000. Quarry LP lifted its holdings in Ball by 598.6% in the second quarter. Quarry LP now owns 999 shares of the company's stock valued at $60,000 after buying an additional 856 shares during the period. Brooklyn Investment Group bought a new position in Ball in the third quarter valued at approximately $66,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Ball by 334.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company's stock worth $68,000 after acquiring an additional 815 shares during the period. 86.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on BALL shares. Royal Bank of Canada reissued an "outperform" rating and issued a $75.00 price target on shares of Ball in a research note on Monday, November 4th. Mizuho raised Ball from a "neutral" rating to an "outperform" rating and set a $67.00 target price on the stock in a research note on Tuesday. 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. Wells Fargo & Company cut their price target on shares of Ball from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Friday, November 1st. Finally, Citigroup lifted their price objective on shares of Ball from $66.00 to $69.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $70.75.

Ball Stock Up 0.4 %

Shares of Ball stock traded up $0.25 on Friday, hitting $58.24. The company had a trading volume of 1,737,157 shares, compared to its average volume of 1,837,794. Ball Co. has a twelve month low of $54.06 and a twelve month high of $71.32. 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 50-day moving average of $62.05 and a 200-day moving average of $63.37. The firm has a market capitalization of $17.38 billion, a P/E ratio of 4.39, a P/E/G ratio of 1.44 and a beta of 0.91.

Ball (NYSE:BALL - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. The firm 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 for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 EPS. Research analysts predict that Ball Co. will post 3.15 earnings per share for the current year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.37%. The ex-dividend date is Monday, December 2nd. Ball's payout ratio is 6.03%.

About Ball

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.