4,075 Shares in Ball Co. (NYSE:BALL) Acquired by Bank of Stockton

Bank of Stockton acquired a new position in shares of Ball Co. (NYSE:BALL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,075 shares of the company’s stock, valued at approximately $277,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BALL. Boston Partners lifted its stake in Ball by 114.1% in the first quarter. Boston Partners now owns 4,057,645 shares of the company’s stock valued at $273,347,000 after buying an additional 2,162,167 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Ball by 458.6% in the second quarter. The Manufacturers Life Insurance Company now owns 1,018,648 shares of the company’s stock valued at $61,139,000 after buying an additional 836,293 shares in the last quarter. M&G Plc bought a new stake in shares of Ball in the first quarter worth $50,193,000. Vanguard Group Inc. lifted its position in shares of Ball by 0.8% in the first quarter. Vanguard Group Inc. now owns 35,855,312 shares of the company’s stock worth $2,415,214,000 after purchasing an additional 267,479 shares in the last quarter. Finally, AMI Asset Management Corp lifted its position in shares of Ball by 52.2% in the first quarter. AMI Asset Management Corp now owns 775,834 shares of the company’s stock worth $52,260,000 after purchasing an additional 266,114 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on BALL shares. Wells Fargo & Company upped their price objective on shares of Ball from $61.00 to $63.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. UBS Group upped their price objective on shares of Ball from $56.00 to $59.00 and gave the company a “sell” rating in a report on Tuesday, August 6th. Baird R W upgraded shares of Ball from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Morgan Stanley upgraded shares of Ball from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $69.00 to $78.00 in a report on Wednesday, September 4th. Finally, Truist Financial reissued a “buy” rating and set a $78.00 target price (up previously from $76.00) on shares of Ball in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $71.08.

Ball Price Performance

Shares of BALL stock traded up $0.09 during trading hours on Friday, reaching $64.71. The company’s stock had a trading volume of 315,275 shares, compared to its average volume of 1,792,046. The firm’s 50 day simple moving average is $65.34 and its 200-day simple moving average is $65.17. The company has a market capitalization of $20.08 billion, a price-to-earnings ratio of 4.82, a PEG ratio of 1.63 and a beta of 0.88. Ball Co. has a fifty-two week low of $45.49 and a fifty-two week high of $71.32. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.79.

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

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.20 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.24%. Ball’s dividend payout ratio is 6.02%.

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.