Banque Cantonale Vaudoise Cuts Stock Holdings in Ball Co. (NYSE:BALL)

Banque Cantonale Vaudoise reduced its position in shares of Ball Co. (NYSE:BALL) by 47.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 15,572 shares of the company’s stock after selling 14,278 shares during the period. Banque Cantonale Vaudoise’s holdings in Ball were worth $1,057,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in BALL. Peterson Financial Group Inc. purchased a new position in Ball during the third quarter worth about $30,000. Friedenthal Financial purchased a new position in Ball during the second quarter worth about $47,000. Catalyst Capital Advisors LLC purchased a new position in Ball during the third quarter worth about $47,000. Quarry LP raised its holdings in Ball by 598.6% during the second quarter. Quarry LP now owns 999 shares of the company’s stock worth $60,000 after purchasing an additional 856 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Ball by 334.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $68,000 after purchasing an additional 815 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BALL has been the subject of several analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price target on shares of Ball in a report on Monday, November 4th. Baird R W raised shares of Ball from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Citigroup increased 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. Mizuho dropped their target price on shares of Ball from $69.00 to $67.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Finally, Morgan Stanley raised shares of Ball from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $69.00 to $78.00 in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.75.

Ball Stock Up 0.9 %

BALL stock opened at $60.42 on Thursday. The company’s 50 day simple moving average is $64.25 and its 200-day simple moving average is $64.45. The firm has a market capitalization of $18.03 billion, a PE ratio of 4.56, a P/E/G ratio of 1.52 and a beta of 0.90. Ball Co. has a 12 month low of $52.92 and a 12 month high of $71.32. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.09 and a quick ratio of 0.82.

Ball (NYSE:BALL) last announced its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Ball had a net margin of 34.05% and a return on equity of 17.46%. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the business earned $0.83 earnings per share. Ball’s revenue was down .9% compared to the same quarter last year. Equities analysts expect that Ball Co. will post 3.15 earnings per share for the current fiscal year.

Ball Dividend Announcement

The company also recently announced 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. The ex-dividend date is Monday, December 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.32%. Ball’s dividend payout ratio (DPR) is currently 6.03%.

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.