Ball Co. (NYSE:BALL) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its position in shares of Ball Co. (NYSE:BALL) by 16.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 39,904 shares of the company’s stock after acquiring an additional 5,770 shares during the period. Daiwa Securities Group Inc.’s holdings in Ball were worth $2,709,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BALL. QRG Capital Management Inc. boosted its position in shares of Ball by 306.6% in the 2nd quarter. QRG Capital Management Inc. now owns 31,750 shares of the company’s stock worth $1,906,000 after buying an additional 23,941 shares in the last quarter. Addenda Capital Inc. grew its position in shares of Ball by 7.3% in the second quarter. Addenda Capital Inc. now owns 153,464 shares of the company’s stock valued at $9,211,000 after purchasing an additional 10,427 shares during the last quarter. Swedbank AB purchased a new position in shares of Ball during the 1st quarter worth approximately $12,292,000. Meeder Asset Management Inc. raised its position in shares of Ball by 400.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 162,690 shares of the company’s stock worth $11,048,000 after purchasing an additional 130,175 shares during the last quarter. Finally, SkyView Investment Advisors LLC grew its holdings in Ball by 12.3% during the 2nd quarter. SkyView Investment Advisors LLC now owns 9,039 shares of the company’s stock valued at $543,000 after buying an additional 990 shares during the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Ball Stock Performance

Shares of BALL opened at $62.59 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 1.09. Ball Co. has a 1 year low of $53.69 and a 1 year high of $71.32. The firm has a fifty day moving average of $63.81 and a 200-day moving average of $64.19. The company has a market cap of $18.68 billion, a price-to-earnings ratio of 4.72, a price-to-earnings-growth ratio of 1.56 and a beta of 0.90.

Ball (NYSE:BALL) last posted its earnings results on Thursday, October 31st. The company reported $0.91 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 analysts’ expectations of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. Ball’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 EPS. As a group, equities analysts anticipate that Ball Co. will post 3.15 earnings per share for the current year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.28%. The ex-dividend date is Monday, December 2nd. Ball’s payout ratio is currently 6.03%.

Analyst Ratings Changes

Several brokerages recently weighed in on BALL. Truist Financial reissued a “buy” rating and issued a $78.00 target price (up previously from $76.00) on shares of Ball in a research note on Friday, August 2nd. Mizuho reduced their price target on Ball from $69.00 to $67.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Wells Fargo & Company lowered their price objective on Ball from $63.00 to $61.00 and set an “equal weight” rating for the company 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, November 4th. Finally, Citigroup increased their price target on shares of Ball from $66.00 to $69.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.