Creative Planning Has $1.41 Million Position in Ball Co. (NYSE:BALL)

Creative Planning grew its holdings in Ball Co. (NYSE:BALL) by 8.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,827 shares of the company’s stock after buying an additional 1,679 shares during the quarter. Creative Planning’s holdings in Ball were worth $1,414,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Federated Hermes Inc. raised its position in Ball by 0.9% in the second quarter. Federated Hermes Inc. now owns 18,941 shares of the company’s stock worth $1,137,000 after purchasing an additional 162 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Ball by 2.0% in the 2nd quarter. Fifth Third Bancorp now owns 8,743 shares of the company’s stock valued at $525,000 after purchasing an additional 174 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Ball by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 34,206 shares of the company’s stock worth $2,304,000 after buying an additional 175 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its position in shares of Ball by 17.0% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 1,280 shares of the company’s stock worth $77,000 after buying an additional 186 shares during the period. Finally, Veracity Capital LLC boosted its stake in Ball by 5.6% in the 1st quarter. Veracity Capital LLC now owns 3,739 shares of the company’s stock valued at $252,000 after buying an additional 197 shares in the last quarter. 86.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Royal Bank of Canada dropped their price objective on Ball from $77.00 to $75.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. 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 report on Wednesday, September 4th. Robert W. Baird raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research note on Wednesday, August 14th. Baird R W upgraded shares of Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Finally, Truist Financial reissued a “buy” rating and issued a $78.00 target price (up from $76.00) on shares of Ball in a report on Friday, August 2nd. One 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, Ball presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.08.

Ball Stock Down 2.0 %

Shares of NYSE:BALL opened at $63.29 on Wednesday. The company has a 50 day moving average of $65.37 and a 200-day moving average of $65.10. 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 Co. has a one year low of $46.95 and a one year high of $71.32. The stock has a market cap of $19.64 billion, a price-to-earnings ratio of 4.76, a P/E/G ratio of 1.63 and a beta of 0.88.

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

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.26%. The ex-dividend date is Monday, December 2nd. Ball’s payout ratio is presently 6.02%.

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.