Castleview Partners LLC Has $170,000 Stock Position in Ball Co. (NYSE:BALL)

Castleview Partners LLC increased its stake in Ball Co. (NYSE:BALL) by 9.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,501 shares of the company’s stock after buying an additional 221 shares during the quarter. Castleview Partners LLC’s holdings in Ball were worth $170,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Jessup Wealth Management Inc acquired a new stake in Ball in the first quarter valued at $7,479,000. TD Asset Management Inc lifted its stake in Ball by 4.2% in the 1st quarter. TD Asset Management Inc now owns 1,453,639 shares of the company’s stock valued at $97,917,000 after purchasing an additional 58,863 shares during the last quarter. QRG Capital Management Inc. grew its holdings in Ball by 306.6% during the second quarter. QRG Capital Management Inc. now owns 31,750 shares of the company’s stock worth $1,906,000 after purchasing an additional 23,941 shares during the period. Addenda Capital Inc. increased its position in Ball by 7.3% during the second quarter. Addenda Capital Inc. now owns 153,464 shares of the company’s stock worth $9,211,000 after buying an additional 10,427 shares during the last quarter. Finally, Hemenway Trust Co LLC bought a new stake in Ball in the first quarter valued at approximately $6,787,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BALL shares. Truist Financial reiterated a “buy” rating and set a $78.00 target price (up from $76.00) on shares of Ball in a research note on Friday, August 2nd. Wells Fargo & Company lifted their price objective on shares of Ball from $61.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. UBS Group increased their price objective on shares of Ball from $56.00 to $59.00 and gave the company a “sell” rating in a research report on Tuesday, August 6th. Morgan Stanley raised shares of Ball from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $69.00 to $78.00 in a report on Wednesday, September 4th. Finally, Robert W. Baird raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price target on the stock in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.08.

Ball Price Performance

Shares of NYSE BALL opened at $66.19 on Tuesday. The stock has a market capitalization of $20.54 billion, a PE ratio of 4.98, a P/E/G ratio of 1.63 and a beta of 0.88. Ball Co. has a fifty-two week low of $42.81 and a fifty-two week high of $71.32. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.18 and a quick ratio of 0.88. The business has a fifty day moving average price of $65.19 and a two-hundred day moving average price of $65.18.

Ball (NYSE:BALL) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. Ball had a net margin of 32.79% and a return on equity of 19.45%. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the company posted $0.61 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. As a group, equities analysts predict that Ball Co. will post 3.12 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.21%. The ex-dividend date was Tuesday, September 3rd. Ball’s payout ratio is presently 6.02%.

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.