Ball Co. (NYSE:BALL) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its stake in Ball Co. (NYSE:BALL) by 0.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 692,380 shares of the company’s stock after acquiring an additional 2,762 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Ball worth $47,020,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BALL. Friedenthal Financial purchased a new stake in Ball during the second quarter worth about $47,000. Catalyst Capital Advisors LLC purchased a new stake in Ball during the 3rd quarter worth approximately $47,000. Quarry LP lifted its holdings in 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 in the last quarter. EverSource Wealth Advisors LLC boosted its position in 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 during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of Ball by 29.1% in the third quarter. Farther Finance Advisors LLC now owns 1,011 shares of the company’s stock worth $69,000 after acquiring an additional 228 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

NYSE BALL opened at $60.92 on Friday. The company has a fifty day moving average of $64.51 and a two-hundred day moving average of $64.64. 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 Co. has a 1 year low of $51.62 and a 1 year high of $71.32. The company has a market capitalization of $18.18 billion, a PE ratio of 4.59, a P/E/G ratio of 1.56 and a beta of 0.90.

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

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.20 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.31%. Ball’s payout ratio is 6.03%.

Analyst Upgrades and Downgrades

BALL has been the subject of a number of recent research reports. Truist Financial reiterated a “buy” rating and issued a $78.00 target price (up from $76.00) on shares of Ball in a report on Friday, August 2nd. Robert W. Baird upgraded Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price objective for the company in a research note on Wednesday, August 14th. 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 research note on Monday, November 4th. Citigroup lifted their price target on shares of Ball from $66.00 to $69.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Finally, UBS Group increased their price objective on shares of Ball from $56.00 to $59.00 and gave the company a “sell” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $70.75.

About Ball

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.