Ball Co. (NYSE:BALL) Holdings Raised by Fmr LLC

Fmr LLC increased its position in shares of Ball Co. (NYSE:BALL) by 15.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,418,570 shares of the company’s stock after purchasing an additional 588,282 shares during the quarter. Fmr LLC’s holdings in Ball were worth $300,065,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Peterson Financial Group Inc. acquired a new stake in Ball in the third quarter worth $30,000. Catalyst Capital Advisors LLC bought a new stake in Ball in the 3rd quarter valued at about $47,000. Friedenthal Financial acquired a new position in Ball during the 2nd quarter valued at about $47,000. Quarry LP grew its position in Ball by 598.6% in the 2nd quarter. Quarry LP now owns 999 shares of the company’s stock worth $60,000 after purchasing an additional 856 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Ball by 29.1% in the third quarter. Farther Finance Advisors LLC now owns 1,011 shares of the company’s stock valued at $69,000 after purchasing an additional 228 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

Ball Price Performance

NYSE BALL opened at $62.16 on Friday. The stock has a market capitalization of $18.55 billion, a P/E ratio of 4.69, a P/E/G ratio of 1.57 and a beta of 0.90. 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 business’s fifty day moving average is $63.64 and its two-hundred day moving average is $64.09. Ball Co. has a 1 year low of $54.06 and a 1 year high of $71.32.

Ball (NYSE:BALL) last announced its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (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 analyst estimates of $3.13 billion. Ball had a return on equity of 17.46% and a net margin of 34.05%. Ball’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.83 earnings per share. On average, research analysts forecast that Ball Co. will post 3.15 earnings per share for the current fiscal year.

Ball Dividend Announcement

The company 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 1.29%. The ex-dividend date of this dividend is Monday, December 2nd. Ball’s dividend payout ratio (DPR) is currently 6.03%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BALL shares. UBS Group increased their price objective on Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. Baird R W raised Ball from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Morgan Stanley upgraded shares of Ball from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $69.00 to $78.00 in a research note on Wednesday, September 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 target price on shares of Ball in a research report on Monday, November 4th. Finally, Mizuho dropped their price target on shares of Ball from $69.00 to $67.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Ball presently has a consensus rating of “Moderate Buy” and an average price target of $70.75.

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.