Moors & Cabot Inc. raised its position in shares of Ball Co. (NYSE:BALL – Free Report) by 4.5% during the third quarter, HoldingsChannel.com reports. The fund owned 4,442 shares of the company’s stock after buying an additional 192 shares during the quarter. Moors & Cabot Inc.’s holdings in Ball were worth $302,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the business. Peterson Financial Group Inc. acquired a new position in shares of Ball during the 3rd quarter valued at $30,000. Catalyst Capital Advisors LLC bought a new stake in shares of Ball during the third quarter worth about $47,000. Friedenthal Financial bought a new position in Ball in the 2nd quarter valued at about $47,000. Quarry LP boosted its stake in Ball by 598.6% during the 2nd quarter. Quarry LP now owns 999 shares of the company’s stock valued at $60,000 after purchasing an additional 856 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Ball by 29.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,011 shares of the company’s stock worth $69,000 after purchasing an additional 228 shares in the last quarter. 86.51% of the stock is owned by institutional investors.
Ball Price Performance
Ball stock opened at $61.86 on Friday. The firm has a market capitalization of $18.46 billion, a P/E ratio of 4.67, a PEG ratio of 1.52 and a beta of 0.90. Ball Co. has a one year low of $53.57 and a one year 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. The business has a fifty day moving average price of $64.08 and a 200-day moving average price of $64.34.
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 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%.
Analysts Set New Price Targets
A number of research analysts have issued reports on the company. Mizuho reduced their price objective on Ball from $69.00 to $67.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Baird R W upgraded shares of Ball from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Ball in a research report on Monday, November 4th. UBS Group increased their target price on shares of Ball from $56.00 to $59.00 and gave the company a “sell” rating in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company lowered their price target on shares of Ball from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Ball has an average rating of “Moderate Buy” and an average price target of $70.75.
Check Out Our Latest Analysis on BALL
About Ball
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.
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