Peterson Financial Group Inc. Buys New Shares in Ball Co. (NYSE:BALL)

Peterson Financial Group Inc. purchased a new position in shares of Ball Co. (NYSE:BALL) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 448 shares of the company’s stock, valued at approximately $30,000.

A number of other hedge funds also recently made changes to their positions in the stock. Empowered Funds LLC raised its position in shares of Ball by 26.9% in the 1st quarter. Empowered Funds LLC now owns 5,051 shares of the company’s stock worth $340,000 after buying an additional 1,071 shares during the period. US Bancorp DE grew its position in Ball by 1.7% during the first quarter. US Bancorp DE now owns 16,810 shares of the company’s stock valued at $1,133,000 after acquiring an additional 288 shares during the period. Dorsey & Whitney Trust CO LLC acquired a new stake in Ball during the first quarter worth about $222,000. Vanguard Group Inc. raised its holdings in shares of Ball by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 35,855,312 shares of the company’s stock worth $2,415,214,000 after purchasing an additional 267,479 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of Ball by 29.6% in the 1st quarter. Ameritas Investment Partners Inc. now owns 32,551 shares of the company’s stock valued at $2,193,000 after purchasing an additional 7,436 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Price Performance

Shares of NYSE BALL opened at $60.92 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79. Ball Co. has a fifty-two week low of $51.62 and a fifty-two week high of $71.32. The business has a 50 day moving average price of $64.51 and a two-hundred day moving average price of $64.61. The firm has a market cap of $18.18 billion, a PE ratio of 4.59, a price-to-earnings-growth ratio of 1.53 and a beta of 0.90.

Ball (NYSE:BALL) last released its earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Ball had a return on equity of 17.46% and a net margin of 34.05%. The business’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 EPS. Sell-side analysts expect that Ball Co. will post 3.15 earnings per share for the current fiscal year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Monday, December 2nd. Ball’s payout ratio is currently 6.03%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Robert W. Baird raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $70.00 target price for the company in a research report on Wednesday, August 14th. Baird R W raised shares of Ball from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Truist Financial restated a “buy” rating and set a $78.00 target price (up previously from $76.00) on shares of Ball in a report on Friday, August 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 price target on shares of Ball in a report on Monday, November 4th. Finally, Citigroup boosted their price objective on Ball from $66.00 to $69.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.75.

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.