Ball Corporation $BALL Shares Acquired by Assetmark Inc.

Assetmark Inc. lifted its position in shares of Ball Corporation (NYSE:BALL) by 5.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,334 shares of the company’s stock after buying an additional 4,202 shares during the period. Assetmark Inc.’s holdings in Ball were worth $4,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rosenberg Matthew Hamilton increased its holdings in shares of Ball by 145.0% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock worth $29,000 after buying an additional 306 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in Ball in the 1st quarter valued at approximately $32,000. Strengthening Families & Communities LLC increased its holdings in Ball by 72.4% in the 1st quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock valued at $37,000 after purchasing an additional 297 shares during the last quarter. SVB Wealth LLC acquired a new stake in Ball in the 1st quarter valued at approximately $39,000. Finally, IFP Advisors Inc increased its holdings in Ball by 103.2% in the 2nd quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock valued at $68,000 after purchasing an additional 580 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Performance

NYSE:BALL opened at $47.05 on Tuesday. The company has a fifty day simple moving average of $49.52 and a two-hundred day simple moving average of $52.85. The company has a market cap of $12.81 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 1.09 and a beta of 1.09. The company has a quick ratio of 0.67, a current ratio of 1.00 and a debt-to-equity ratio of 1.23. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $63.35.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.87 by $0.03. The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.10 billion. Ball had a net margin of 4.49% and a return on equity of 16.81%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 earnings per share. As a group, equities analysts anticipate that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. Ball’s payout ratio is presently 41.45%.

Analyst Ratings Changes

BALL has been the subject of several research reports. Bank of America reiterated a “neutral” rating and issued a $66.00 target price (down previously from $67.00) on shares of Ball in a report on Wednesday, July 9th. Citigroup dropped their target price on shares of Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Wells Fargo & Company dropped their target price on shares of Ball from $54.00 to $48.00 and set an “underweight” rating for the company in a report on Wednesday, October 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ball in a report on Wednesday, October 8th. Finally, Raymond James Financial started coverage on shares of Ball in a report on Wednesday, October 15th. They issued a “market perform” rating for the company. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $62.36.

Insider Activity at Ball

In related news, Chairman Daniel William Fisher sold 3,400 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $51.55, for a total transaction of $175,270.00. Following the completion of the transaction, the chairman owned 10,036 shares in the company, valued at approximately $517,355.80. The trade was a 25.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.81% of the company’s stock.

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.