Tredje AP fonden Has $3.84 Million Holdings in Ball Co. (NYSE:BALL)

Tredje AP fonden decreased its stake in Ball Co. (NYSE:BALL) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,905 shares of the company’s stock after selling 975 shares during the quarter. Tredje AP fonden’s holdings in Ball were worth $3,836,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in BALL. 9258 Wealth Management LLC bought a new stake in shares of Ball in the 4th quarter valued at about $210,000. Principal Securities Inc. acquired a new position in Ball during the fourth quarter valued at approximately $74,000. Quadrant Capital Group LLC increased its stake in Ball by 20.6% in the fourth quarter. Quadrant Capital Group LLC now owns 1,747 shares of the company’s stock valued at $100,000 after purchasing an additional 299 shares in the last quarter. Norges Bank acquired a new stake in Ball in the fourth quarter worth $168,372,000. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Ball by 27.9% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,164 shares of the company’s stock valued at $527,000 after buying an additional 2,001 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Down 1.0 %

Ball stock opened at $66.52 on Thursday. Ball Co. has a fifty-two week low of $42.81 and a fifty-two week high of $71.32. The firm has a market capitalization of $20.65 billion, a PE ratio of 5.01, a P/E/G ratio of 1.64 and a beta of 0.88. The company’s 50-day moving average is $63.46 and its 200-day moving average is $65.11. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.18 and a quick ratio of 0.88.

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

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Tuesday, September 3rd. Ball’s dividend payout ratio is 6.02%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BALL shares. Citigroup lowered their price target on Ball from $73.00 to $66.00 and set a “neutral” rating for the company in a report on Monday, July 8th. Robert W. Baird raised Ball from a “neutral” rating to an “outperform” rating and set a $70.00 target price for the company in a research note on Wednesday, August 14th. Morgan Stanley raised shares of Ball from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $69.00 to $78.00 in a research note on Wednesday, September 4th. Truist Financial reissued a “buy” rating and set a $78.00 price objective (up previously from $76.00) on shares of Ball in a research report on Friday, August 2nd. Finally, Baird R W raised shares of 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Ball currently has a consensus rating of “Moderate Buy” and an average target price of $70.83.

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.