Ball Co. (NYSE:BALL) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. boosted its position in shares of Ball Co. (NYSE:BALL) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,941 shares of the company’s stock after buying an additional 162 shares during the period. Federated Hermes Inc.’s holdings in Ball were worth $1,137,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Independence Bank of Kentucky acquired a new position in Ball during the first quarter worth about $47,000. Friedenthal Financial acquired a new position in shares of Ball during the 2nd quarter worth approximately $47,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Ball in the second quarter valued at approximately $72,000. Deseret Mutual Benefit Administrators increased its holdings in shares of Ball by 17.0% in the second quarter. Deseret Mutual Benefit Administrators now owns 1,280 shares of the company’s stock valued at $77,000 after purchasing an additional 186 shares during the last quarter. Finally, Homestead Advisers Corp lifted its position in Ball by 46.7% during the fourth quarter. Homestead Advisers Corp now owns 1,577 shares of the company’s stock worth $91,000 after buying an additional 502 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Stock Down 1.2 %

Shares of BALL opened at $66.31 on Friday. 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 capitalization of $20.58 billion, a PE ratio of 4.99, a P/E/G ratio of 1.64 and a beta of 0.88. The company’s 50-day simple moving average is $63.70 and its 200-day simple moving average is $65.14. Ball Co. has a 1 year low of $42.81 and a 1 year high of $71.32.

Ball (NYSE:BALL) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04. Ball had a net margin of 32.79% and a return on equity of 19.45%. The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the company posted $0.61 EPS. The firm’s revenue was down 3.5% compared to the same quarter last year. Analysts forecast that Ball Co. will post 3.12 earnings per share for the current fiscal year.

Ball Dividend Announcement

The business 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. The ex-dividend date was Tuesday, September 3rd. This represents a $0.80 annualized dividend and a yield of 1.21%. Ball’s dividend payout ratio (DPR) is 6.02%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BALL. Royal Bank of Canada cut their target price on Ball from $80.00 to $77.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Baird R W raised shares of Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Wells Fargo & Company decreased their target price on shares of Ball from $64.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 17th. Citigroup reduced their price target on shares of Ball from $73.00 to $66.00 and set a “neutral” rating on the stock in a research report on Monday, July 8th. Finally, Morgan Stanley upgraded Ball from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $69.00 to $78.00 in a research report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.