Ball Co. (NYSE:BALL) Shares Acquired by JB Capital LLC

JB Capital LLC boosted its stake in Ball Co. (NYSE:BALL) by 11.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 52,400 shares of the company’s stock after acquiring an additional 5,207 shares during the quarter. JB Capital LLC’s holdings in Ball were worth $3,559,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its holdings in shares of Ball by 1.1% during the third quarter. Principal Financial Group Inc. now owns 364,856 shares of the company’s stock valued at $24,777,000 after acquiring an additional 3,967 shares during the last quarter. Advisor Resource Council acquired a new position in Ball in the 3rd quarter valued at $324,000. M&G PLC lifted its holdings in Ball by 5.2% in the 3rd quarter. M&G PLC now owns 790,137 shares of the company’s stock valued at $53,729,000 after purchasing an additional 38,714 shares in the last quarter. Clarity Financial LLC boosted its stake in Ball by 16.1% during the 3rd quarter. Clarity Financial LLC now owns 4,145 shares of the company’s stock worth $281,000 after purchasing an additional 576 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Ball during the third quarter worth $47,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Trading Up 0.3 %

Ball stock traded up $0.19 during trading on Thursday, hitting $60.46. The company had a trading volume of 127,265 shares, compared to its average volume of 1,798,279. 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’s 50 day simple moving average is $65.00 and its 200-day simple moving average is $64.96. Ball Co. has a 1-year low of $48.05 and a 1-year high of $71.32. The stock has a market cap of $18.04 billion, a price-to-earnings ratio of 4.55, a price-to-earnings-growth ratio of 1.48 and a beta of 0.90.

Ball (NYSE:BALL) last posted 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. The firm 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 was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 EPS. As a group, analysts expect that Ball Co. will post 3.13 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 paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.32%. The ex-dividend date is Monday, December 2nd. Ball’s payout ratio is currently 6.03%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BALL shares. Truist Financial restated a “buy” rating and set a $78.00 price target (up from $76.00) on shares of Ball in a research report on Friday, August 2nd. Robert W. Baird raised Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price target for the company in a report on Wednesday, August 14th. Wells Fargo & Company reduced their price objective on Ball from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 target price on shares of Ball in a report on Monday. Finally, Morgan Stanley raised shares of 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 research report on Wednesday, September 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.com, Ball currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.75.

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.