Meeder Asset Management Inc. Purchases 130,175 Shares of Ball Co. (NYSE:BALL)

Meeder Asset Management Inc. increased its position in Ball Co. (NYSE:BALL) by 400.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 162,690 shares of the company’s stock after acquiring an additional 130,175 shares during the period. Meeder Asset Management Inc. owned about 0.05% of Ball worth $11,048,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Peterson Financial Group Inc. purchased a new position in Ball during the third quarter valued at $30,000. Friedenthal Financial purchased a new position in Ball during the second quarter valued at $47,000. Catalyst Capital Advisors LLC purchased a new position in Ball during the third quarter valued at $47,000. Quarry LP lifted its position in Ball by 598.6% during the second quarter. Quarry LP now owns 999 shares of the company’s stock valued at $60,000 after purchasing an additional 856 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Ball by 334.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $68,000 after purchasing an additional 815 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Price Performance

NYSE:BALL opened at $60.86 on Tuesday. 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 company has a market capitalization of $18.16 billion, a P/E ratio of 4.59, a P/E/G ratio of 1.53 and a beta of 0.90. Ball Co. has a 12 month low of $51.65 and a 12 month high of $71.32. The business’s 50-day moving average is $64.44 and its 200 day moving average is $64.53.

Ball (NYSE:BALL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. Ball had a return on equity of 17.46% and a net margin of 34.05%. The company had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the previous year, the firm posted $0.83 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities research analysts forecast that Ball Co. will post 3.15 earnings per share for the current fiscal year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.80 annualized dividend and a yield of 1.31%. Ball’s payout ratio is currently 6.03%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BALL shares. Citigroup lifted their target price on Ball from $66.00 to $69.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Truist Financial restated a “buy” rating and issued a $78.00 price objective (up from $76.00) on shares of Ball in a research report on Friday, August 2nd. Mizuho lowered their price objective on Ball from $69.00 to $67.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Robert W. Baird upgraded Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research report on Wednesday, August 14th. Finally, Baird R W upgraded Ball from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.75.

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.