Ball Co. (NYSE:BALL) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC grew its position in shares of Ball Co. (NYSE:BALL) by 167.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 175,887 shares of the company’s stock after acquiring an additional 110,053 shares during the quarter. International Assets Investment Management LLC owned about 0.06% of Ball worth $119,440,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC increased its stake in Ball by 10.7% during the third quarter. Private Advisor Group LLC now owns 11,761 shares of the company’s stock worth $799,000 after acquiring an additional 1,135 shares during the last quarter. Signaturefd LLC grew its stake in shares of Ball by 57.3% in the third quarter. Signaturefd LLC now owns 2,270 shares of the company’s stock valued at $154,000 after buying an additional 827 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Ball in the third quarter valued at about $222,000. Evernest Financial Advisors LLC acquired a new stake in shares of Ball in the third quarter valued at about $2,518,000. Finally, Toth Financial Advisory Corp grew its stake in shares of Ball by 14.0% in the third quarter. Toth Financial Advisory Corp now owns 50,167 shares of the company’s stock valued at $3,407,000 after buying an additional 6,176 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on BALL. Citigroup increased their target price on Ball from $66.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Morgan Stanley upgraded Ball from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $69.00 to $78.00 in a research note on Wednesday, September 4th. Royal Bank of Canada lowered their target price on Ball from $77.00 to $75.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Wells Fargo & Company increased their target price on Ball from $61.00 to $63.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Finally, Truist Financial restated a “buy” rating and set a $78.00 price objective (up previously from $76.00) on shares of Ball in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $71.08.

Ball Price Performance

Shares of BALL opened at $64.03 on Friday. The firm has a market cap of $19.87 billion, a price-to-earnings ratio of 4.82, a PEG ratio of 1.63 and a beta of 0.88. The stock has a 50 day moving average of $65.36 and a 200-day moving average of $65.15. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. Ball Co. has a 52 week low of $45.49 and a 52 week high of $71.32.

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

Ball Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.25%. Ball’s payout ratio is 6.02%.

Ball Company 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.