Ball Co. (NYSE:BALL) Shares Sold by SpiderRock Advisors LLC

SpiderRock Advisors LLC decreased its holdings in Ball Co. (NYSE:BALL) by 22.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,833 shares of the company’s stock after selling 18,477 shares during the quarter. SpiderRock Advisors LLC’s holdings in Ball were worth $4,403,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Ball by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 35,855,312 shares of the company’s stock valued at $2,415,214,000 after buying an additional 267,479 shares during the period. Boston Partners raised its holdings in Ball by 114.1% during the first 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 in the last quarter. Mirova US LLC lifted its position in Ball by 0.5% in the second quarter. Mirova US LLC now owns 2,495,497 shares of the company’s stock worth $149,780,000 after purchasing an additional 13,320 shares during the period. Dimensional Fund Advisors LP boosted its stake in Ball by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,414,615 shares of the company’s stock valued at $144,951,000 after purchasing an additional 171,924 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of Ball by 6.1% in the 3rd quarter. Raymond James & Associates now owns 1,720,859 shares of the company’s stock worth $116,864,000 after buying an additional 99,306 shares in the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Ball Stock Performance

Shares of Ball stock opened at $60.25 on Friday. Ball Co. has a 12 month low of $48.05 and a 12 month high of $71.32. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79. The stock has a market cap of $17.98 billion, a PE ratio of 4.54, a price-to-earnings-growth ratio of 1.49 and a beta of 0.90. The business has a fifty day simple moving average of $64.88 and a 200-day simple moving average of $64.89.

Ball (NYSE:BALL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.13 billion. Ball had a return on equity of 17.46% and a net margin of 34.05%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the company posted $0.83 EPS. On average, sell-side analysts anticipate that Ball Co. will post 3.15 EPS for the current fiscal year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 1.33%. Ball’s dividend payout ratio is presently 6.03%.

Analyst Ratings Changes

A number of research analysts recently issued reports on BALL shares. Citigroup lifted their target price on Ball from $66.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Ball in a research note on Monday, November 4th. Robert W. Baird raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $70.00 target price for the company in a research note on Wednesday, August 14th. Truist Financial restated a “buy” rating and issued a $78.00 price target (up previously from $76.00) on shares of Ball in a research report on Friday, August 2nd. Finally, Mizuho cut their price objective on Ball from $69.00 to $67.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. One 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.75.

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.