RDA Financial Network Has $1.07 Million Stake in Ball Co. (NYSE:BALL)

RDA Financial Network grew its stake in Ball Co. (NYSE:BALL) by 19.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,698 shares of the company’s stock after purchasing an additional 2,530 shares during the period. RDA Financial Network’s holdings in Ball were worth $1,066,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. HighPoint Advisor Group LLC bought a new position in Ball during the 4th quarter valued at about $274,000. Nomura Holdings Inc. bought a new position in Ball during the 4th quarter valued at about $4,788,000. S. R. Schill & Associates bought a new position in Ball during the 1st quarter valued at about $357,000. Los Angeles Capital Management LLC bought a new position in Ball during the 1st quarter valued at about $1,973,000. Finally, GAMMA Investing LLC lifted its holdings in Ball by 23.7% during the 1st quarter. GAMMA Investing LLC now owns 2,539 shares of the company’s stock valued at $171,000 after purchasing an additional 487 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BALL. Citigroup lifted their price target on shares of Ball from $66.00 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Royal Bank of Canada dropped their target price on shares of Ball from $80.00 to $77.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. UBS Group boosted their target price on shares of Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a research note on Tuesday, August 6th. Morgan Stanley raised shares of Ball from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $69.00 to $78.00 in a research note on Wednesday, September 4th. Finally, Wells Fargo & Company boosted their target price on shares of Ball from $61.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $71.25.

Ball Trading Up 1.1 %

Shares of NYSE:BALL traded up $0.69 during trading on Tuesday, hitting $66.08. 1,062,115 shares of the company’s stock were exchanged, compared to its average volume of 1,803,835. Ball Co. has a 1-year low of $42.81 and a 1-year high of $71.32. The firm has a 50-day moving average price of $64.79 and a two-hundred day moving average price of $65.19. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. The firm has a market cap of $20.51 billion, a P/E ratio of 4.98, a PEG ratio of 1.63 and a beta of 0.88.

Ball (NYSE:BALL) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04. The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Ball had a net margin of 32.79% and a return on equity of 19.45%. Ball’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 EPS. Equities analysts predict that Ball Co. will post 3.12 earnings per share for the current year.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Tuesday, September 3rd. Ball’s dividend payout ratio is currently 6.02%.

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.