Baron Wealth Management LLC Buys Shares of 3,255 Ball Co. (NYSE:BALL)

Baron Wealth Management LLC purchased a new stake in shares of Ball Co. (NYSE:BALL) during the third quarter, HoldingsChannel reports. The institutional investor purchased 3,255 shares of the company’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BALL. Boston Partners boosted its holdings in Ball by 114.1% in the first quarter. Boston Partners now owns 4,057,645 shares of the company’s stock worth $273,347,000 after purchasing an additional 2,162,167 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Ball by 458.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,018,648 shares of the company’s stock valued at $61,139,000 after purchasing an additional 836,293 shares during the period. WINTON GROUP Ltd raised its position in shares of Ball by 1,875.2% during the 2nd quarter. WINTON GROUP Ltd now owns 275,238 shares of the company’s stock valued at $16,520,000 after purchasing an additional 261,303 shares during the period. Raymond James & Associates raised its position in shares of Ball by 17.5% during the 2nd quarter. Raymond James & Associates now owns 1,621,553 shares of the company’s stock valued at $97,326,000 after purchasing an additional 241,502 shares during the period. Finally, KBC Group NV raised its position in shares of Ball by 402.1% during the 3rd quarter. KBC Group NV now owns 265,261 shares of the company’s stock valued at $18,014,000 after purchasing an additional 212,430 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Truist Financial reiterated a “buy” rating and issued a $78.00 price target (up from $76.00) on shares of Ball in a report on Friday, August 2nd. Citigroup boosted their target price on shares of Ball from $66.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Baird R W upgraded shares of 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 boosted their target price for the stock from $69.00 to $78.00 in a report on Wednesday, September 4th. Finally, Wells Fargo & Company dropped their price target on shares of Ball from $63.00 to $61.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.75.

Ball Trading Down 0.1 %

NYSE BALL opened at $60.86 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. The company has a fifty day simple moving average of $64.44 and a two-hundred day simple moving average of $64.53. Ball Co. has a 12-month low of $51.65 and a 12-month high of $71.32. The stock has a market cap of $18.16 billion, a P/E ratio of 4.59, a P/E/G ratio of 1.53 and a beta of 0.90.

Ball (NYSE:BALL) last issued its earnings results 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. Ball had a net margin of 34.05% and a return on equity of 17.46%. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the company posted $0.83 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. On average, analysts forecast that Ball Co. will post 3.15 earnings per share for the current year.

Ball Dividend Announcement

The business 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. The ex-dividend date is Monday, December 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.31%. Ball’s dividend payout ratio (DPR) is 6.03%.

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.