Advisors Asset Management Inc. Acquires 199 Shares of Ball Co. (NYSE:BALL)

Advisors Asset Management Inc. increased its holdings in Ball Co. (NYSE:BALL) by 1.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 16,895 shares of the company’s stock after purchasing an additional 199 shares during the period. Advisors Asset Management Inc.’s holdings in Ball were worth $1,147,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Federated Hermes Inc. grew its stake in shares of Ball by 0.9% in the second quarter. Federated Hermes Inc. now owns 18,941 shares of the company’s stock worth $1,137,000 after acquiring an additional 162 shares during the period. Fifth Third Bancorp grew its holdings in shares of Ball by 2.0% in the second quarter. Fifth Third Bancorp now owns 8,743 shares of the company’s stock worth $525,000 after acquiring an additional 174 shares during the period. Deseret Mutual Benefit Administrators increased its position in Ball by 17.0% during the second 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 during the last quarter. Opal Wealth Advisors LLC boosted its position in Ball by 7.6% in the third quarter. Opal Wealth Advisors LLC now owns 3,033 shares of the company’s stock worth $206,000 after purchasing an additional 215 shares during the last quarter. Finally, Empirical Finance LLC grew its stake in shares of Ball by 2.0% during the 3rd quarter. Empirical Finance LLC now owns 10,969 shares of the company’s stock valued at $745,000 after purchasing an additional 216 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BALL shares. Citigroup raised their price objective on shares of Ball from $66.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Truist Financial reiterated a “buy” rating and set a $78.00 price target (up previously from $76.00) on shares of Ball in a research note on Friday, August 2nd. Baird R W raised Ball from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Morgan Stanley raised Ball from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $69.00 to $78.00 in a report on Wednesday, September 4th. Finally, Wells Fargo & Company decreased their price objective on Ball from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. One equities 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 stock. According to MarketBeat, Ball has an average rating of “Moderate Buy” and an average price target of $70.75.

Ball Stock Performance

Shares of NYSE BALL opened at $62.45 on Tuesday. The company has a market cap of $18.64 billion, a P/E ratio of 4.71, a P/E/G ratio of 1.55 and a beta of 0.90. Ball Co. has a 52-week low of $53.57 and a 52-week high of $71.32. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 1.09. The firm’s fifty day moving average is $63.98 and its two-hundred day moving average is $64.25.

Ball (NYSE:BALL) last posted its earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.13 billion. Ball had a return on equity of 17.46% and a net margin of 34.05%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the business earned $0.83 earnings per share. As a group, analysts anticipate that Ball Co. will post 3.15 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. Investors of record on Monday, December 2nd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, December 2nd. Ball’s dividend payout ratio (DPR) is presently 6.03%.

Ball Company 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.