Union Bancaire Privee UBP SA Purchases New Position in Ball Co. (NYSE:BALL)

Union Bancaire Privee UBP SA acquired a new stake in Ball Co. (NYSE:BALL) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 23,978 shares of the company’s stock, valued at approximately $1,339,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its position 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 acquiring an additional 588,282 shares during the period. Franklin Resources Inc. boosted its holdings in Ball by 4.7% in the 3rd quarter. Franklin Resources Inc. now owns 6,954,876 shares of the company’s stock valued at $453,144,000 after purchasing an additional 309,587 shares during the period. KBC Group NV grew its position in shares of Ball by 402.1% during the 3rd quarter. KBC Group NV now owns 265,261 shares of the company’s stock valued at $18,014,000 after purchasing an additional 212,430 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Ball by 400.4% in the third quarter. Meeder Asset Management Inc. now owns 162,690 shares of the company’s stock worth $11,048,000 after purchasing an additional 130,175 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of Ball by 167.2% in the third quarter. International Assets Investment Management LLC now owns 175,887 shares of the company’s stock worth $119,440,000 after buying an additional 110,053 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

Ball stock opened at $56.53 on Tuesday. The firm has a fifty day simple moving average of $57.04 and a two-hundred day simple moving average of $61.44. Ball Co. has a twelve month low of $51.96 and a twelve month high of $71.32. The company has a market capitalization of $16.87 billion, a PE ratio of 4.26, a P/E/G ratio of 1.35 and a beta of 0.93. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79.

Ball (NYSE:BALL) last issued its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. The company 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%. Ball’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 EPS. Research analysts expect that Ball Co. will post 3.15 EPS for the current year.

Wall Street Analyst Weigh In

BALL has been the subject of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $75.00 target price on shares of Ball in a research report on Monday, November 4th. Truist Financial decreased their price objective on shares of Ball from $78.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. UBS Group upgraded shares of Ball from a “sell” rating to a “neutral” rating and dropped their target price for the company from $62.00 to $58.00 in a research report on Friday, January 10th. Citigroup cut their price target on shares of Ball from $69.00 to $59.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, Wells Fargo & Company restated an “underweight” rating and set a $49.00 price objective (down previously from $56.00) on shares of Ball in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.17.

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.