Empowered Funds LLC Purchases 350 Shares of Ball Co. (NYSE:BALL)

Empowered Funds LLC boosted its holdings in shares of Ball Co. (NYSE:BALL) by 7.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,031 shares of the company’s stock after purchasing an additional 350 shares during the period. Empowered Funds LLC’s holdings in Ball were worth $342,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of BALL. Boston Partners increased its position in 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 in the last quarter. Mirova US LLC grew its holdings in Ball by 0.5% during the 2nd quarter. Mirova US LLC now owns 2,495,497 shares of the company’s stock worth $149,780,000 after acquiring an additional 13,320 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Ball by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,414,615 shares of the company’s stock worth $144,951,000 after acquiring an additional 171,924 shares during the last quarter. Raymond James & Associates increased its position in Ball by 6.1% in the 3rd quarter. Raymond James & Associates now owns 1,720,859 shares of the company’s stock valued at $116,864,000 after acquiring an additional 99,306 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Ball by 458.6% during the second quarter. The Manufacturers Life Insurance Company now owns 1,018,648 shares of the company’s stock valued at $61,139,000 after acquiring an additional 836,293 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Morgan Stanley upgraded 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. Mizuho lowered 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. UBS Group upped their target price on Ball from $56.00 to $59.00 and gave the company a “sell” rating in a report on Tuesday, August 6th. Wells Fargo & Company lowered their price target on shares of Ball from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Finally, Truist Financial reaffirmed a “buy” rating and issued a $78.00 price objective (up from $76.00) on shares of Ball in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $70.75.

Ball Stock Performance

Shares of BALL opened at $62.45 on Tuesday. Ball Co. has a one year low of $53.57 and a one year high of $71.32. The company has a market cap of $18.64 billion, a PE ratio of 4.71, a P/E/G ratio of 1.55 and a beta of 0.90. The stock has a 50-day moving average of $63.98 and a 200-day moving average of $64.25. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.09 and a quick ratio of 0.82.

Ball (NYSE:BALL) last announced its quarterly earnings data 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 firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the firm posted $0.83 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities research analysts predict that Ball Co. will post 3.15 EPS for the current fiscal year.

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.80 annualized dividend and a yield of 1.28%. Ball’s 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.