Private Advisor Group LLC Buys 1,135 Shares of Ball Co. (NYSE:BALL)

Private Advisor Group LLC grew its stake in Ball Co. (NYSE:BALL) by 10.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 11,761 shares of the company’s stock after purchasing an additional 1,135 shares during the quarter. Private Advisor Group LLC’s holdings in Ball were worth $799,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew 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 valued at $2,415,214,000 after acquiring an additional 267,479 shares in the last quarter. Boston Partners grew its holdings in shares of Ball by 114.1% in the 1st quarter. Boston Partners now owns 4,057,645 shares of the company’s stock valued at $273,347,000 after acquiring an additional 2,162,167 shares in the last quarter. Mirova US LLC grew its holdings in shares of Ball by 0.5% in the 2nd quarter. Mirova US LLC now owns 2,495,497 shares of the company’s stock valued at $149,780,000 after acquiring an additional 13,320 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Ball by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,414,615 shares of the company’s stock valued at $144,951,000 after acquiring an additional 171,924 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in shares of Ball by 6.1% in the 3rd quarter. Raymond James & Associates now owns 1,720,859 shares of the company’s stock valued at $116,864,000 after acquiring an additional 99,306 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Trading Down 0.4 %

Shares of BALL stock opened at $59.01 on Friday. The firm has a 50 day moving average price of $65.18 and a two-hundred day moving average price of $65.02. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $17.91 billion, a PE ratio of 4.45, a price-to-earnings-growth ratio of 1.62 and a beta of 0.88. Ball Co. has a 12-month low of $47.56 and a 12-month high of $71.32.

Ball (NYSE:BALL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.13 billion. Ball had a net margin of 32.79% and a return on equity of 19.45%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the business posted $0.83 earnings per share. As a group, analysts predict that Ball Co. will post 3.12 earnings per share for the current year.

Ball Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.36%. Ball’s payout ratio is 6.04%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BALL shares. Wells Fargo & Company decreased their price objective on Ball from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Friday. UBS Group raised their target price on shares of Ball from $56.00 to $59.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th. Baird R W upgraded shares of Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Royal Bank of Canada cut their target price on shares of Ball from $77.00 to $75.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Finally, Truist Financial reiterated a “buy” rating and issued a $78.00 target price (up from $76.00) on shares of Ball in a research note on Friday, August 2nd. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.92.

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.