Trustmark National Bank Trust Department Has $1.69 Million Position in Ball Co. (NYSE:BALL)

Trustmark National Bank Trust Department grew its stake in Ball Co. (NYSE:BALL) by 12.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,870 shares of the company’s stock after purchasing an additional 2,680 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Ball were worth $1,689,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new position in Ball in the 3rd quarter valued at $30,000. Friedenthal Financial bought a new stake in shares of Ball in the second quarter valued at about $47,000. Catalyst Capital Advisors LLC acquired a new position in shares of Ball in the third quarter valued at about $47,000. Quarry LP increased its position in Ball by 598.6% during the second quarter. Quarry LP now owns 999 shares of the company’s stock worth $60,000 after acquiring an additional 856 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in Ball by 334.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $68,000 after purchasing an additional 815 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on BALL. Citigroup lifted their price target on shares of Ball from $66.00 to $69.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price objective on shares of Ball in a research note on Monday, November 4th. Wells Fargo & Company dropped their target price on shares of Ball from $63.00 to $61.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Truist Financial reaffirmed a “buy” rating and set a $78.00 price target (up previously from $76.00) on shares of Ball in a report on Friday, August 2nd. Finally, 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 research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.75.

Ball Trading Up 0.9 %

Shares of BALL stock opened at $60.42 on Thursday. Ball Co. has a twelve month low of $52.92 and a twelve month high of $71.32. The stock’s fifty day simple moving average is $64.25 and its 200 day simple moving average is $64.45. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $18.03 billion, a P/E ratio of 4.56, a P/E/G ratio of 1.50 and a beta of 0.90.

Ball (NYSE:BALL) last released its quarterly earnings results 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. Ball had a return on equity of 17.46% and a net margin of 34.05%. The company had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the previous year, the business posted $0.83 earnings per share. The business’s quarterly revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts predict that Ball Co. will post 3.15 EPS for the current fiscal year.

Ball Announces Dividend

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