UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $131.78 Million Stock Holdings in Ball Co. (NYSE:BALL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Ball Co. (NYSE:BALL) by 0.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,940,467 shares of the company’s stock after purchasing an additional 1,557 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.65% of Ball worth $131,777,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BALL. Peterson Financial Group Inc. bought a new position in Ball during the third quarter valued at approximately $30,000. Friedenthal Financial bought a new position in shares of Ball during the 2nd quarter valued at $47,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Ball in the 3rd quarter valued at $47,000. Quarry LP boosted its holdings in Ball by 598.6% in the second quarter. Quarry LP now owns 999 shares of the company’s stock worth $60,000 after purchasing an additional 856 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in Ball during the third quarter worth $66,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

BALL has been the subject of several recent analyst reports. Robert W. Baird upgraded Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price target for the company in a research note on Wednesday, August 14th. Citigroup upped their target price on Ball from $66.00 to $69.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company dropped their price target on shares of Ball from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Mizuho lowered their target price on shares of Ball from $69.00 to $67.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Finally, Baird R W raised shares of Ball from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.75.

Ball Trading Down 0.7 %

Ball stock opened at $62.16 on Monday. The business has a 50 day moving average price of $63.64 and a two-hundred day moving average price of $64.04. 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 Co. has a 12 month low of $54.06 and a 12 month high of $71.32. The stock has a market cap of $18.55 billion, a price-to-earnings ratio of 4.69, a price-to-earnings-growth ratio of 1.55 and a beta of 0.90.

Ball (NYSE:BALL) last issued its earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Ball had a return on equity of 17.46% and a net margin of 34.05%. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the company posted $0.83 earnings per share. Ball’s revenue was down .9% on a year-over-year basis. As a group, equities analysts forecast that Ball Co. will post 3.15 EPS for the current year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Monday, December 2nd. Ball’s dividend payout ratio is 6.03%.

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.