Ball Co. (NYSE:BALL) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its holdings in Ball Co. (NYSE:BALL) by 16.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,904 shares of the company’s stock after buying an additional 5,770 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Ball were worth $2,709,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Peterson Financial Group Inc. acquired a new stake in shares of Ball during the 3rd quarter worth about $30,000. Friedenthal Financial purchased a new position in Ball in the second quarter valued at approximately $47,000. Catalyst Capital Advisors LLC acquired a new stake in Ball during the third quarter worth approximately $47,000. Quarry LP lifted its position in shares of Ball by 598.6% during the 2nd quarter. Quarry LP now owns 999 shares of the company’s stock worth $60,000 after buying an additional 856 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Ball by 334.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $68,000 after buying an additional 815 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Ball Trading Up 0.4 %

NYSE BALL opened at $62.59 on Thursday. Ball Co. has a 52-week low of $53.69 and a 52-week high of $71.32. The firm has a 50-day moving average price of $63.81 and a 200 day moving average price of $64.19. The stock has a market capitalization of $18.68 billion, a P/E ratio of 4.72, a P/E/G ratio of 1.56 and a beta of 0.90. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79.

Ball (NYSE:BALL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Ball had a return on equity of 17.46% and a net margin of 34.05%. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the firm earned $0.83 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. Equities research analysts expect that Ball Co. will post 3.15 EPS for the current year.

Ball Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.20 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.28%. Ball’s payout ratio is currently 6.03%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Morgan Stanley raised shares of Ball from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $69.00 to $78.00 in a research report on Wednesday, September 4th. Wells Fargo & Company decreased their target price on Ball from $63.00 to $61.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of Ball in a research report on Monday, November 4th. UBS Group increased their price objective on Ball from $56.00 to $59.00 and gave the company a “sell” rating in a report on Tuesday, August 6th. Finally, Mizuho cut their target price on shares of Ball from $69.00 to $67.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.