Swiss National Bank Sells 10,800 Shares of Ball Co. (NYSE:BALL)

Swiss National Bank reduced its stake in shares of Ball Co. (NYSE:BALL - Free Report) by 1.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 921,188 shares of the company's stock after selling 10,800 shares during the quarter. Swiss National Bank owned 0.31% of Ball worth $62,558,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several brokerages have weighed in on BALL. Truist Financial reaffirmed a "buy" rating and set a $78.00 target price (up previously from $76.00) on shares of Ball in a research note on Friday, August 2nd. Morgan Stanley raised Ball from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $69.00 to $78.00 in a research note on Wednesday, September 4th. Mizuho dropped their price objective on Ball from $69.00 to $67.00 and set a "neutral" rating on the stock in a research note on Monday, November 4th. Citigroup boosted their price objective on Ball from $66.00 to $69.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 2nd. Finally, Baird R W raised Ball from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.75.

Ball Stock Performance

Shares of NYSE BALL traded up $0.51 during trading hours on Wednesday, hitting $60.42. 1,769,542 shares of the company's stock were exchanged, compared to its average volume of 1,812,156. Ball Co. has a 1-year low of $52.92 and a 1-year 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 market capitalization of $18.03 billion, a price-to-earnings ratio of 4.52, a PEG ratio of 1.52 and a beta of 0.90. The company's 50-day moving average price is $64.35 and its 200-day moving average price is $64.47.

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, 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 return on equity of 17.46% and a net margin of 34.05%. The firm's revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 EPS. On average, sell-side analysts expect that Ball Co. will post 3.15 earnings per share for the current fiscal year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.32%. Ball's dividend payout ratio is currently 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.