Ball Co. (NYSE:BALL) Shares Purchased by JB Capital LLC

JB Capital LLC raised its stake in Ball Co. (NYSE:BALL) by 11.0% during the third quarter, Holdings Channel.com reports. The firm owned 52,400 shares of the company’s stock after purchasing an additional 5,207 shares during the quarter. JB Capital LLC’s holdings in Ball were worth $3,559,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Principal Financial Group Inc. raised its holdings in Ball by 1.1% in the third quarter. Principal Financial Group Inc. now owns 364,856 shares of the company’s stock valued at $24,777,000 after acquiring an additional 3,967 shares in the last quarter. Advisor Resource Council purchased a new stake in shares of Ball in the 3rd quarter valued at approximately $324,000. M&G PLC raised its holdings in shares of Ball by 5.2% in the 3rd quarter. M&G PLC now owns 790,137 shares of the company’s stock valued at $53,729,000 after purchasing an additional 38,714 shares in the last quarter. Clarity Financial LLC lifted its position in shares of Ball by 16.1% during the 3rd quarter. Clarity Financial LLC now owns 4,145 shares of the company’s stock worth $281,000 after purchasing an additional 576 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Ball during the third quarter worth $47,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Truist Financial restated a “buy” rating and issued a $78.00 price target (up from $76.00) on shares of Ball in a research note on Friday, August 2nd. Baird R W upgraded Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. UBS Group increased their price target on shares of Ball from $56.00 to $59.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th. Morgan Stanley upgraded shares of Ball from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $69.00 to $78.00 in a research report on Wednesday, September 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Ball in a research report on Monday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $70.75.

Ball Price Performance

Shares of BALL stock traded up $0.19 during midday trading on Thursday, reaching $60.46. 127,265 shares of the company traded hands, compared to its average volume of 1,798,279. The firm’s 50 day simple moving average is $65.00 and its two-hundred day simple moving average is $64.96. The firm has a market cap of $18.04 billion, a PE ratio of 4.55, a price-to-earnings-growth ratio of 1.48 and a beta of 0.90. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.09 and a quick ratio of 0.82. Ball Co. has a 1-year low of $48.05 and a 1-year high of $71.32.

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 17.46% and a net margin of 34.05%. 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, equities research analysts expect that Ball Co. will post 3.13 EPS for the current fiscal year.

Ball Dividend Announcement

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