Trustmark National Bank Trust Department Acquires 2,680 Shares of Ball Co. (NYSE:BALL)

Trustmark National Bank Trust Department increased its holdings in shares of Ball Co. (NYSE:BALL) by 12.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,870 shares of the company’s stock after buying an additional 2,680 shares during the period. Trustmark National Bank Trust Department’s holdings in Ball were worth $1,689,000 at the end of the most recent quarter.

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

Ball Stock Up 0.9 %

BALL stock opened at $60.42 on Thursday. The company has a market cap of $18.03 billion, a price-to-earnings ratio of 4.56, a P/E/G ratio of 1.50 and a beta of 0.90. Ball Co. has a twelve month low of $52.92 and a twelve month high of $71.32. The business has a 50 day moving average price of $64.25 and a two-hundred day moving average price of $64.45. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79.

Ball (NYSE:BALL) last issued its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. 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 company earned $0.83 earnings per share. Analysts anticipate that Ball Co. will post 3.15 EPS for the current fiscal year.

Ball Dividend Announcement

The company 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 $0.20 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.80 annualized dividend and a yield of 1.32%. Ball’s dividend payout ratio (DPR) is currently 6.03%.

Analysts Set New Price Targets

Several brokerages have issued reports on BALL. Mizuho lowered their price target on Ball from $69.00 to $67.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Baird R W upgraded shares of Ball from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. UBS Group upped their price target on shares of Ball from $56.00 to $59.00 and gave the company a “sell” rating in a report on Tuesday, August 6th. Wells Fargo & Company dropped their price objective on shares of Ball from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price target on shares of Ball in a research note on Monday, November 4th. One investment 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 company presently has an average rating of “Moderate Buy” and an average price target of $70.75.

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.