Empowered Funds LLC Has $342,000 Holdings in Ball Co. (NYSE:BALL)

Empowered Funds LLC raised its position in Ball Co. (NYSE:BALL) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,031 shares of the company’s stock after purchasing an additional 350 shares during the quarter. Empowered Funds LLC’s holdings in Ball were worth $342,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC boosted its holdings in Ball by 37.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 5,230 shares of the company’s stock worth $352,000 after purchasing an additional 1,431 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Ball by 16.8% in the first quarter. Bessemer Group Inc. now owns 3,734 shares of the company’s stock valued at $251,000 after acquiring an additional 538 shares during the last quarter. Dynasty Wealth Management LLC bought a new stake in Ball during the first quarter worth about $737,000. California State Teachers Retirement System boosted its position in Ball by 2.0% during the first quarter. California State Teachers Retirement System now owns 526,962 shares of the company’s stock valued at $35,496,000 after purchasing an additional 10,240 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in Ball by 57.1% in the first quarter. Tidal Investments LLC now owns 9,932 shares of the company’s stock valued at $669,000 after purchasing an additional 3,610 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Ball Stock Up 1.0 %

BALL opened at $62.45 on Tuesday. The stock has a fifty day moving average of $63.98 and a 200-day moving average of $64.25. The company has a market capitalization of $18.64 billion, a P/E ratio of 4.71, a P/E/G ratio of 1.55 and a beta of 0.90. Ball Co. has a fifty-two week low of $53.57 and a fifty-two week high of $71.32. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 1.09.

Ball (NYSE:BALL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. Ball had a net margin of 34.05% and a return on equity of 17.46%. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the company earned $0.83 EPS. The business’s revenue was down .9% on a year-over-year basis. On average, equities analysts expect that Ball Co. will post 3.15 EPS for the current year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Monday, December 2nd. Ball’s dividend payout ratio is currently 6.03%.

Analyst Ratings Changes

Several equities research analysts have recently commented on BALL shares. Mizuho cut their price objective on Ball from $69.00 to $67.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Wells Fargo & Company decreased their price objective on shares of Ball from $63.00 to $61.00 and set an “equal weight” rating for the company in a research report on Friday, November 1st. Citigroup upped their target price on shares of Ball from $66.00 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of Ball in a report on Monday, November 4th. Finally, Baird R W upgraded Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, six have assigned 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.75.

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.