NBC Securities Inc. Purchases 563 Shares of Ball Co. (NYSE:BALL)

NBC Securities Inc. lifted its position in shares of Ball Co. (NYSE:BALL) by 29.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,468 shares of the company’s stock after purchasing an additional 563 shares during the quarter. NBC Securities Inc.’s holdings in Ball were worth $167,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Partners grew 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 acquiring an additional 2,162,167 shares during the period. The Manufacturers Life Insurance Company increased its stake in Ball by 458.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,018,648 shares of the company’s stock worth $61,139,000 after purchasing an additional 836,293 shares in the last quarter. M&G Plc acquired a new stake in Ball during the 1st quarter worth approximately $50,193,000. Vanguard Group Inc. lifted its stake in Ball by 0.8% in the first quarter. Vanguard Group Inc. now owns 35,855,312 shares of the company’s stock valued at $2,415,214,000 after buying an additional 267,479 shares in the last quarter. Finally, AMI Asset Management Corp boosted its holdings 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 valued at $52,260,000 after buying an additional 266,114 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Up 0.7 %

Shares of BALL stock opened at $67.25 on Friday. Ball Co. has a 52-week low of $42.81 and a 52-week high of $71.32. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.18. The stock has a market cap of $20.87 billion, a price-to-earnings ratio of 5.06, a PEG ratio of 1.63 and a beta of 0.88. The firm’s 50-day moving average is $65.10 and its 200-day moving average is $65.19.

Ball (NYSE:BALL) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 19.45% and a net margin of 32.79%. The business’s revenue was down 3.5% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. Sell-side analysts predict that Ball Co. will post 3.12 EPS for the current year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.80 annualized dividend and a dividend yield of 1.19%. Ball’s dividend payout ratio is currently 6.02%.

Analyst Ratings Changes

A number of equities research analysts recently commented on BALL shares. Truist Financial restated a “buy” rating and set a $78.00 price objective (up from $76.00) on shares of Ball in a report on Friday, August 2nd. UBS Group boosted their price target on Ball from $56.00 to $59.00 and gave the company a “sell” rating in a report on Tuesday, August 6th. Robert W. Baird upgraded Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Wednesday, August 14th. Wells Fargo & Company lifted 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. Finally, Royal Bank of Canada reduced their target price on shares of Ball from $77.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday. One 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $71.08.

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.