Brooklyn Investment Group Takes $66,000 Position in Ball Co. (NYSE:BALL)

Brooklyn Investment Group purchased a new position in Ball Co. (NYSE:BALL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 965 shares of the company’s stock, valued at approximately $66,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BALL. FMR LLC increased its stake in shares of Ball by 15.4% in the third quarter. FMR LLC now owns 4,418,570 shares of the company’s stock valued at $300,065,000 after purchasing an additional 588,282 shares during the period. Boston Partners increased its position in Ball by 114.1% in the 1st quarter. Boston Partners now owns 4,057,645 shares of the company’s stock valued at $273,347,000 after acquiring an additional 2,162,167 shares during the period. Mirova US LLC raised its stake in Ball by 0.5% during the 2nd quarter. Mirova US LLC now owns 2,495,497 shares of the company’s stock valued at $149,780,000 after acquiring an additional 13,320 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Ball by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,414,615 shares of the company’s stock valued at $144,951,000 after acquiring an additional 171,924 shares in the last quarter. Finally, Raymond James & Associates boosted its position in Ball by 6.1% during the 3rd quarter. Raymond James & Associates now owns 1,720,859 shares of the company’s stock worth $116,864,000 after acquiring an additional 99,306 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BALL shares. Morgan Stanley upgraded shares of Ball from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $69.00 to $78.00 in a research note on Wednesday, September 4th. Royal Bank of Canada restated an “outperform” rating and set a $75.00 price target on shares of Ball in a research report on Monday, November 4th. Baird R W upgraded shares of Ball from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Mizuho dropped their target price on Ball from $69.00 to $67.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Finally, Robert W. Baird raised Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price target for the company in a research note on Wednesday, August 14th. 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $70.75.

Ball Trading Up 0.4 %

Shares of BALL opened at $62.60 on Friday. The business’s 50-day moving average price is $63.72 and its 200 day moving average price is $64.18. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. 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. Ball Co. has a 1-year low of $53.69 and a 1-year high of $71.32.

Ball (NYSE:BALL) last released its quarterly 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. Ball had a net margin of 34.05% and a return on equity of 17.46%. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the business earned $0.83 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. 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 given a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.28%. Ball’s dividend payout ratio (DPR) is presently 6.03%.

Ball Company 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.