Ball Corporation $BALL Stock Bought by New York Life Investment Management LLC

New York Life Investment Management LLC grew its holdings in Ball Corporation (NYSE:BALL) by 65.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,558 shares of the company’s stock after purchasing an additional 47,497 shares during the period. New York Life Investment Management LLC’s holdings in Ball were worth $6,699,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Pension & Wealth Management Advisors Inc. purchased a new stake in Ball in the 3rd quarter worth approximately $25,000. Basecamp Wealth Advisors LLC boosted its stake in shares of Ball by 135.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $28,000 after buying an additional 274 shares during the period. Ancora Advisors LLC purchased a new position in shares of Ball during the 2nd quarter valued at $30,000. Fairscale Capital LLC purchased a new position in shares of Ball during the 3rd quarter valued at $28,000. Finally, Manchester Capital Management LLC grew its holdings in shares of Ball by 87.9% during the 3rd quarter. Manchester Capital Management LLC now owns 592 shares of the company’s stock valued at $33,000 after acquiring an additional 277 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Performance

Shares of BALL opened at $64.85 on Friday. The company’s fifty day moving average is $61.60 and its 200-day moving average is $61.30. Ball Corporation has a 12 month low of $46.56 and a 12 month high of $69.57. The firm has a market cap of $16.88 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 1.44 and a beta of 0.94. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 1.11.

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.03. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $3.78 billion. Ball had a net margin of 3.52% and a return on equity of 18.81%. Ball’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.02 EPS. Equities analysts expect that Ball Corporation will post 4.00 EPS for the current fiscal year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, December 1st. Ball’s dividend payout ratio (DPR) is 40.20%.

Analyst Ratings Changes

BALL has been the subject of several recent research reports. Weiss Ratings lowered Ball from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, November 4th. Mizuho lifted their price objective on Ball from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, November 4th. Truist Financial restated a “buy” rating and issued a $76.00 target price (down from $78.00) on shares of Ball in a research note on Wednesday, November 4th. Royal Bank Of Canada upped their target price on Ball from $73.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, November 5th. Finally, Citigroup raised their price target on Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Thursday, November 5th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.15.

Insider Buying and Selling at Ball

In related news, SVP Mandy Glew sold 5,626 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total value of $358,938.80. Following the completion of the sale, the senior vice president directly owned 7,209 shares in the company, valued at approximately $459,934.20. The trade was a 43.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.58% of the company’s stock.

Ball Profile

Ball Corporation is a global supplier of aluminum packaging, best known for making beverage cans and ends for beverage companies. Its products are used for a range of drinks, including beer, soft drinks, energy drinks and other beverages. The company also offers aluminum cups and other specialty packaging products. Ball serves customers across North America, South America, Europe, the Middle East, Africa and Asia. Its packaging operations support beverage brands and producers with manufacturing capabilities in multiple regions.