Ball Co. (NYSE:BALL) Shares Bought by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. raised its stake in shares of Ball Co. (NYSE:BALLFree Report) by 394.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 313,197 shares of the company’s stock after buying an additional 249,800 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.10% of Ball worth $15,591,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BALL. Veritable L.P. increased its holdings in Ball by 0.9% in the first quarter. Veritable L.P. now owns 21,318 shares of the company’s stock valued at $1,175,000 after buying an additional 180 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Ball by 4.3% in the second quarter. Baird Financial Group Inc. now owns 5,141 shares of the company’s stock valued at $299,000 after buying an additional 211 shares in the last quarter. Wealthsource Partners LLC raised its stake in shares of Ball by 4.7% during the 3rd quarter. Wealthsource Partners LLC now owns 4,784 shares of the company’s stock worth $238,000 after buying an additional 215 shares during the period. Covestor Ltd lifted its position in shares of Ball by 82.9% during the 2nd quarter. Covestor Ltd now owns 534 shares of the company’s stock valued at $31,000 after buying an additional 242 shares in the last quarter. Finally, CENTRAL TRUST Co grew its stake in Ball by 12.8% in the 3rd quarter. CENTRAL TRUST Co now owns 2,203 shares of the company’s stock valued at $110,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 84.79% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on BALL. Royal Bank of Canada raised shares of Ball from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $61.00 to $74.00 in a report on Tuesday, February 20th. Wolfe Research initiated coverage on Ball in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. UBS Group initiated coverage on Ball in a report on Tuesday, January 16th. They set a “sell” rating and a $55.00 target price for the company. Barclays lifted their price target on Ball from $63.00 to $66.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Mizuho increased their price objective on Ball to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $61.45.

Read Our Latest Analysis on Ball

Ball Stock Up 1.8 %

Shares of NYSE:BALL opened at $65.20 on Friday. Ball Co. has a 52-week low of $42.81 and a 52-week high of $65.50. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.96. The business has a fifty day moving average of $59.15 and a two-hundred day moving average of $54.27. The stock has a market cap of $20.58 billion, a P/E ratio of 29.11, a PEG ratio of 4.04 and a beta of 0.89.

Ball (NYSE:BALLGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The firm had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.56 billion. Ball had a net margin of 5.04% and a return on equity of 23.81%. Ball’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. On average, research analysts expect that Ball Co. will post 3.16 earnings per share for the current year.

Ball Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 29th. Ball’s payout ratio is presently 35.71%.

Ball Profile

(Free Report)

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. It operates through four segments: Beverage Packaging, North and Central America; Beverage Packaging, Europe, Middle East and Africa; Beverage Packaging, South America; and Aerospace.

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Institutional Ownership by Quarter for Ball (NYSE:BALL)

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