Mirae Asset Global Investments Co. Ltd. Purchases 5,170 Shares of Ball Co. (NYSE:BALL)

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Ball Co. (NYSE:BALL) by 22.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,769 shares of the company’s stock after acquiring an additional 5,170 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Ball were worth $1,874,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Lyell Wealth Management LP boosted its position in shares of Ball by 15.0% during the third quarter. Lyell Wealth Management LP now owns 54,665 shares of the company’s stock worth $3,712,000 after acquiring an additional 7,130 shares during the last quarter. Bank of Stockton bought a new position in shares of Ball during the third quarter worth $277,000. International Assets Investment Management LLC boosted its position in shares of Ball by 167.2% during the third quarter. International Assets Investment Management LLC now owns 175,887 shares of the company’s stock worth $119,440,000 after acquiring an additional 110,053 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Ball by 10.7% during the third quarter. Private Advisor Group LLC now owns 11,761 shares of the company’s stock worth $799,000 after acquiring an additional 1,135 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of Ball by 57.3% during the third quarter. Signaturefd LLC now owns 2,270 shares of the company’s stock worth $154,000 after acquiring an additional 827 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Trading Down 7.7 %

BALL stock opened at $59.25 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.18 and a quick ratio of 0.88. The company has a market capitalization of $17.99 billion, a PE ratio of 4.47, a P/E/G ratio of 1.63 and a beta of 0.88. The firm’s 50-day moving average is $65.29 and its 200 day moving average is $65.05. Ball Co. has a 12 month low of $46.95 and a 12 month high of $71.32.

Ball (NYSE:BALL) last posted its earnings results on Thursday, August 1st. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.10 billion. Ball had a net margin of 32.79% and a return on equity of 19.45%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 EPS. On average, research analysts anticipate that Ball Co. will post 3.12 EPS for the current year.

Ball Announces Dividend

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 given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Monday, December 2nd. Ball’s dividend payout ratio (DPR) is 6.04%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Baird R W upgraded shares of Ball from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Robert W. Baird raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $70.00 target price on the stock in a research note on Wednesday, August 14th. Truist Financial reissued a “buy” rating and issued a $78.00 target price (up previously from $76.00) on shares of Ball in a research note on Friday, August 2nd. Royal Bank of Canada reduced their target price on shares of Ball from $77.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Finally, Wells Fargo & Company increased their target price on shares of Ball from $61.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. 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 company’s stock. According to MarketBeat, the stock has an average 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.