Metis Global Partners LLC Buys 712 Shares of Ball Co. (NYSE:BALL)

Metis Global Partners LLC raised its position in shares of Ball Co. (NYSE:BALL) by 5.0% in the third quarter, HoldingsChannel.com reports. The firm owned 14,898 shares of the company’s stock after purchasing an additional 712 shares during the quarter. Metis Global Partners LLC’s holdings in Ball were worth $1,012,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Federated Hermes Inc. boosted its position in shares of Ball by 0.9% during the 2nd quarter. Federated Hermes Inc. now owns 18,941 shares of the company’s stock valued at $1,137,000 after purchasing an additional 162 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Ball by 2.0% during the 2nd quarter. Fifth Third Bancorp now owns 8,743 shares of the company’s stock worth $525,000 after buying an additional 174 shares during the period. Deseret Mutual Benefit Administrators increased its stake in shares of Ball by 17.0% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 1,280 shares of the company’s stock valued at $77,000 after acquiring an additional 186 shares in the last quarter. Opal Wealth Advisors LLC increased its stake in shares of Ball by 7.6% in the 3rd quarter. Opal Wealth Advisors LLC now owns 3,033 shares of the company’s stock valued at $206,000 after acquiring an additional 215 shares in the last quarter. Finally, Castleview Partners LLC lifted its position in shares of Ball by 9.7% during the 3rd quarter. Castleview Partners LLC now owns 2,501 shares of the company’s stock valued at $170,000 after acquiring an additional 221 shares during the period. Institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BALL shares. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 price target on shares of Ball in a report on Monday, November 4th. Citigroup raised their target price on Ball from $66.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Mizuho dropped their price target on Ball from $69.00 to $67.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Truist Financial reissued a “buy” rating and issued a $78.00 price objective (up previously from $76.00) on shares of Ball in a research note on Friday, August 2nd. Finally, UBS Group upped their target price on Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $70.75.

Ball Stock Performance

Shares of BALL stock opened at $60.92 on Monday. 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 firm has a 50-day moving average of $64.51 and a 200-day moving average of $64.58. Ball Co. has a one year low of $51.62 and a one year high of $71.32. The company has a market cap of $18.18 billion, a P/E ratio of 4.59, a P/E/G ratio of 1.53 and a beta of 0.90.

Ball (NYSE:BALL) last posted its earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. The firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 EPS. Equities research analysts forecast that Ball Co. will post 3.15 EPS for the current fiscal year.

Ball Dividend Announcement

The business 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 dividend of $0.20 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.80 annualized dividend and a yield of 1.31%. Ball’s 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.