Ball Co. (NYSE:BALL) Shares Sold by Norris Perne & French LLP MI

Norris Perne & French LLP MI cut its holdings in Ball Co. (NYSE:BALL) by 0.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 285,965 shares of the company’s stock after selling 615 shares during the period. Norris Perne & French LLP MI owned 0.09% of Ball worth $19,420,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in BALL. Federated Hermes Inc. lifted its holdings in shares of Ball by 0.9% in the 2nd quarter. Federated Hermes Inc. now owns 18,941 shares of the company’s stock worth $1,137,000 after acquiring an additional 162 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Ball by 2.0% during the 2nd quarter. Fifth Third Bancorp now owns 8,743 shares of the company’s stock valued at $525,000 after acquiring an additional 174 shares during the period. State of Alaska Department of Revenue grew its position in Ball by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 34,206 shares of the company’s stock valued at $2,304,000 after acquiring an additional 175 shares in the last quarter. Deseret Mutual Benefit Administrators increased its stake in Ball by 17.0% during the second quarter. Deseret Mutual Benefit Administrators now owns 1,280 shares of the company’s stock worth $77,000 after purchasing an additional 186 shares during the period. Finally, Tocqueville Asset Management L.P. lifted its position in shares of Ball by 0.4% during the first quarter. Tocqueville Asset Management L.P. now owns 46,115 shares of the company’s stock worth $3,106,000 after purchasing an additional 200 shares in the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Ball Stock Down 7.7 %

BALL stock opened at $59.25 on Friday. Ball Co. has a 52 week low of $46.95 and a 52 week high of $71.32. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. The company has a market cap of $17.99 billion, a P/E ratio of 4.47, a P/E/G ratio of 1.62 and a beta of 0.88. The company’s 50-day moving average price is $65.29 and its 200 day moving average price is $65.05.

Ball (NYSE:BALL) last posted its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Ball had a return on equity of 19.45% and a net margin of 32.79%. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the company earned $0.83 earnings per share. Ball’s revenue was down .9% compared to the same quarter last year. On average, research analysts expect that Ball Co. will post 3.12 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. Investors of record on Monday, December 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Monday, December 2nd. Ball’s payout ratio is currently 6.04%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Citigroup increased their price objective on Ball from $66.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company upped their target price on shares of Ball from $61.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Robert W. Baird raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price objective for the company in a research report on Wednesday, August 14th. UBS Group upped their target price on shares of Ball from $56.00 to $59.00 and gave the company a “sell” rating in a report on Tuesday, August 6th. Finally, Baird R W upgraded shares of Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. 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 issued a strong buy rating to the stock. According to MarketBeat, Ball currently has a consensus rating of “Moderate Buy” and a consensus 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.