Vinva Investment Management Ltd Has $830,000 Holdings in Ball Co. (NYSE:BALL)

Vinva Investment Management Ltd increased its stake in shares of Ball Co. (NYSE:BALL) by 210.8% during the third quarter, HoldingsChannel.com reports. The fund owned 12,298 shares of the company’s stock after purchasing an additional 8,341 shares during the period. Vinva Investment Management Ltd’s holdings in Ball were worth $830,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Peterson Financial Group Inc. acquired a new position in Ball during the 3rd quarter worth $30,000. Friedenthal Financial acquired a new stake in shares of Ball in the second quarter valued at about $47,000. Catalyst Capital Advisors LLC bought a new position in shares of Ball in the third quarter worth about $47,000. Quarry LP lifted its position in shares of Ball by 598.6% during the 2nd quarter. Quarry LP now owns 999 shares of the company’s stock worth $60,000 after purchasing an additional 856 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in Ball during the 3rd quarter valued at approximately $66,000. 86.51% of the stock is owned by institutional investors.

Ball Stock Down 0.7 %

NYSE:BALL opened at $62.16 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79. Ball Co. has a 12-month low of $54.06 and a 12-month high of $71.32. The stock’s fifty day simple moving average is $63.64 and its 200-day simple moving average is $64.09. The firm has a market capitalization of $18.55 billion, a P/E ratio of 4.69, a P/E/G ratio of 1.57 and a beta of 0.90.

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

Ball Announces Dividend

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 issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Monday, December 2nd. Ball’s dividend payout ratio (DPR) is presently 6.03%.

Analyst Upgrades and Downgrades

BALL has been the subject of a number of research reports. Morgan Stanley upgraded Ball from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $69.00 to $78.00 in a research report on Wednesday, September 4th. Mizuho reduced their target price on Ball from $69.00 to $67.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Citigroup boosted their price target 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 reaffirmed an “outperform” rating and set a $75.00 price objective on shares of Ball in a report on Monday, November 4th. Finally, UBS Group upped their target price on shares of Ball from $56.00 to $59.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.75.

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.