Ball Co. (NYSE:BALL) Shares Bought by Signaturefd LLC

Signaturefd LLC lifted its stake in Ball Co. (NYSE:BALL) by 57.3% during the third quarter, Holdings Channel reports. The institutional investor owned 2,270 shares of the company’s stock after acquiring an additional 827 shares during the quarter. Signaturefd LLC’s holdings in Ball were worth $154,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Boston Partners grew its stake in shares of Ball by 114.1% during the 1st 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 period. The Manufacturers Life Insurance Company boosted its stake 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 worth $61,139,000 after acquiring an additional 836,293 shares in the last quarter. M&G Plc acquired a new stake in shares of Ball during the 1st quarter valued at about $50,193,000. Vanguard Group Inc. boosted its holdings in Ball by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 35,855,312 shares of the company’s stock worth $2,415,214,000 after buying an additional 267,479 shares during the last quarter. Finally, AMI Asset Management Corp increased its stake in Ball by 52.2% during the 1st quarter. AMI Asset Management Corp now owns 775,834 shares of the company’s stock worth $52,260,000 after buying an additional 266,114 shares in the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Ball Stock Down 0.9 %

Shares of NYSE BALL opened at $64.03 on Monday. Ball Co. has a 1 year low of $45.49 and a 1 year high of $71.32. The company has a market capitalization of $19.87 billion, a P/E ratio of 4.82, a P/E/G ratio of 1.63 and a beta of 0.88. The company has a 50 day simple moving average of $65.36 and a 200-day simple moving average of $65.13. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.18 and a quick ratio of 0.88.

Ball (NYSE:BALL) last posted its earnings results on Thursday, August 1st. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.04. Ball had a return on equity of 19.45% and a net margin of 32.79%. The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the firm earned $0.61 earnings per share. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, equities research analysts predict that Ball Co. will post 3.12 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. The ex-dividend date is Monday, December 2nd. This represents a $0.80 annualized dividend and a yield of 1.25%. Ball’s dividend payout ratio (DPR) is currently 6.02%.

Wall Street Analysts Forecast Growth

BALL has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on Ball from $61.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. UBS Group lifted their target price on shares of Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a research note on Tuesday, August 6th. Citigroup upped 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 research report on Wednesday, August 14th. Finally, Morgan Stanley upgraded shares of Ball from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $69.00 to $78.00 in a report on Wednesday, September 4th. One equities 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $71.08.

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.