Vontobel Holding Ltd. Decreases Holdings in Ball Co. (NYSE:BALL)

Vontobel Holding Ltd. trimmed its position in shares of Ball Co. (NYSE:BALL) by 22.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,218 shares of the company’s stock after selling 1,766 shares during the quarter. Vontobel Holding Ltd.’s holdings in Ball were worth $422,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in BALL. Independence Bank of Kentucky bought a new stake in Ball during the 1st quarter valued at $47,000. Friedenthal Financial purchased a new stake in shares of Ball during the second 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 during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Ball by 334.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $68,000 after buying an additional 815 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Ball during the 2nd quarter worth approximately $72,000. 86.51% of the stock is currently owned by institutional investors.

Ball Stock Performance

Shares of BALL opened at $65.48 on Wednesday. Ball Co. has a 1 year low of $42.81 and a 1 year high of $71.32. The company’s 50 day simple moving average is $65.24 and its 200 day simple moving average is $65.17. The company has a market capitalization of $20.32 billion, a price-to-earnings ratio of 4.93, a PEG ratio of 1.63 and a beta of 0.88. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.18.

Ball (NYSE:BALL) last posted 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. 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 firm’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 EPS. On average, sell-side analysts predict that Ball Co. will post 3.12 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BALL shares. Citigroup raised 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. Wells Fargo & Company increased their price objective on shares of Ball from $61.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Robert W. Baird raised Ball from a “neutral” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Wednesday, August 14th. Morgan Stanley upgraded Ball from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $69.00 to $78.00 in a research report on Wednesday, September 4th. Finally, Royal Bank of Canada decreased their target price on Ball from $77.00 to $75.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Ball currently has an average rating of “Moderate Buy” and an average price target 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.