Machina Capital S.A.S. Buys 32,614 Shares of Ball Corporation $BALL

Machina Capital S.A.S. lifted its stake in Ball Corporation (NYSE:BALL) by 401.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,742 shares of the company’s stock after purchasing an additional 32,614 shares during the period. Machina Capital S.A.S.’s holdings in Ball were worth $2,283,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Pension & Wealth Management Advisors Inc. bought a new position in Ball in the third quarter worth about $25,000. Basecamp Wealth Advisors LLC lifted its holdings in Ball by 135.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock worth $28,000 after buying an additional 274 shares during the period. Ancora Advisors LLC bought a new stake in Ball during the 2nd quarter valued at approximately $30,000. Fairscale Capital LLC bought a new stake in Ball during the 3rd quarter valued at approximately $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 worth $33,000 after acquiring an additional 277 shares during the period. Institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Mizuho lifted their price target on Ball from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, November 4th. JPMorgan Chase & Co. downgraded Ball from an “overweight” rating to a “neutral” rating and set a $65.00 price objective for the company. in a report on Wednesday, November 4th. Truist Financial reissued a “buy” rating and set a $76.00 price objective (down from $78.00) on shares of Ball in a research report on Wednesday, November 4th. Weiss Ratings cut shares of Ball from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, November 4th. Finally, Wells Fargo & Company reduced their target price on shares of Ball from $72.00 to $70.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ball presently has an average rating of “Moderate Buy” and a consensus price target of $72.15.

Insider Buying and Selling at Ball

In other news, SVP Mandy Glew sold 5,626 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total transaction of $358,938.80. Following the completion of the transaction, the senior vice president directly owned 7,209 shares in the company, valued at $459,934.20. This trade represents a 43.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.58% of the stock is owned by insiders.

Ball Stock Performance

Ball stock opened at $65.75 on Thursday. Ball Corporation has a twelve month low of $46.41 and a twelve month high of $69.57. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $17.11 billion, a P/E ratio of 33.04, a PEG ratio of 1.46 and a beta of 0.94. The stock’s 50 day moving average is $61.57 and its 200 day moving average is $61.26.

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

Ball Dividend Announcement

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

Ball Company 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.