DRW Securities LLC Acquires Shares of 4,592 Ball Co. (NYSE:BALL)

DRW Securities LLC bought a new position in shares of Ball Co. (NYSE:BALL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,592 shares of the company’s stock, valued at approximately $276,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BALL. Independence Bank of Kentucky bought a new stake in shares of Ball in the 1st quarter valued at about $47,000. Friedenthal Financial acquired a new position in Ball during the second quarter valued at approximately $47,000. EverSource Wealth Advisors LLC increased its stake in Ball by 334.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $68,000 after purchasing an additional 815 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Ball in the second quarter worth $72,000. Finally, Deseret Mutual Benefit Administrators boosted its position in shares of Ball by 17.0% during the second quarter. Deseret Mutual Benefit Administrators now owns 1,280 shares of the company’s stock worth $77,000 after purchasing an additional 186 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of Ball from $64.00 to $61.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 17th. Baird R W raised Ball from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. UBS Group lifted their price objective on Ball from $56.00 to $59.00 and gave the company a “sell” rating in a report on Tuesday, August 6th. Morgan Stanley raised Ball from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $69.00 to $78.00 in a research note on Wednesday, September 4th. Finally, Royal Bank of Canada cut their price target on shares of Ball from $80.00 to $77.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.83.

Ball Stock Performance

Shares of BALL stock opened at $67.23 on Tuesday. The firm has a market cap of $20.87 billion, a PE ratio of 5.06, a P/E/G ratio of 1.64 and a beta of 0.88. Ball Co. has a 12 month low of $42.81 and a 12 month high of $71.32. The company’s fifty day simple moving average is $63.83 and its 200-day simple moving average is $65.16. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.79.

Ball (NYSE:BALL) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04. The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the firm posted $0.61 EPS. Equities research analysts expect that Ball Co. will post 3.12 EPS for the current fiscal year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a $0.20 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.19%. Ball’s dividend payout ratio is 6.02%.

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.