Thrivent Financial for Lutherans decreased its holdings in Ball Co. (NYSE:BALL - Free Report) by 38.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,073,917 shares of the company's stock after selling 661,842 shares during the quarter. Thrivent Financial for Lutherans owned 0.36% of Ball worth $72,930,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in BALL. Peterson Financial Group Inc. acquired a new stake in shares of Ball during the 3rd quarter worth about $30,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Ball during the 3rd quarter worth about $47,000. Friedenthal Financial acquired a new stake in shares of Ball during the 2nd quarter worth about $47,000. Quarry LP increased its position in shares of Ball by 598.6% during the 2nd quarter. Quarry LP now owns 999 shares of the company's stock worth $60,000 after purchasing an additional 856 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Ball by 29.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,011 shares of the company's stock worth $69,000 after purchasing an additional 228 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.
Ball Trading Down 0.1 %
Shares of NYSE:BALL traded down $0.06 during mid-day trading on Monday, reaching $60.86. The stock had a trading volume of 2,524,726 shares, compared to its average volume of 1,810,287. The firm has a market cap of $18.16 billion, a PE ratio of 4.59, a price-to-earnings-growth ratio of 1.53 and a beta of 0.90. The firm has a 50 day simple moving average of $64.51 and a two-hundred day simple moving average of $64.58. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. Ball Co. has a twelve month low of $51.65 and a twelve month high of $71.32.
Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. Ball's revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. On average, research analysts predict that Ball Co. will post 3.15 EPS for the current fiscal year.
Ball Dividend Announcement
The company 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 $0.20 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.31%. Ball's dividend payout ratio is 6.03%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on BALL shares. Morgan Stanley upgraded shares of Ball from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $69.00 to $78.00 in a research report on Wednesday, September 4th. Mizuho decreased their price objective on shares of Ball from $69.00 to $67.00 and set a "neutral" rating on the stock in a report on Monday, November 4th. UBS Group increased their price objective on shares of Ball from $56.00 to $59.00 and gave the stock 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 price objective on the stock in a report on Wednesday, August 14th. Finally, Wells Fargo & Company decreased their price objective on shares of Ball from $63.00 to $61.00 and set an "equal weight" rating on the stock in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.75.
Read Our Latest Stock Analysis on BALL
About Ball
(
Free Report)
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.
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