47,497 Ball Corporation $BALL Shares Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC boosted its holdings in Ball Corporation (NYSE:BALL) by 65.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 119,558 shares of the company’s stock after acquiring an additional 47,497 shares during the period. New York Life Investment Management LLC’s holdings in Ball were worth $6,699,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. State Street Corp increased its position in Ball by 8.3% in the 2nd quarter. State Street Corp now owns 13,416,598 shares of the company’s stock valued at $837,196,000 after acquiring an additional 1,024,861 shares during the period. Hsbc Holdings PLC bought a new stake in Ball during the 2nd quarter valued at $96,380,000. IFP Advisors Inc raised its stake in Ball by 3,687.6% during the 3rd quarter. IFP Advisors Inc now owns 72,760 shares of the company’s stock valued at $4,077,000 after acquiring an additional 70,839 shares in the last quarter. Bank of America Corp DE acquired a new position in Ball during the 2nd quarter worth $160,506,000. Finally, Citizens Financial Group Inc. RI boosted its position in Ball by 1,252.6% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 86,253 shares of the company’s stock worth $4,833,000 after acquiring an additional 79,876 shares during the period. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on BALL. UBS Group lifted their price objective on shares of Ball from $63.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, November 4th. Weiss Ratings lowered shares of Ball from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, November 4th. Royal Bank Of Canada raised their target price on shares of Ball from $73.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, November 5th. Wells Fargo & Company dropped their price target 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. Finally, JPMorgan Chase & Co. lowered shares of Ball from an “overweight” rating to a “neutral” rating and set a $65.00 price target for the company. in a research note on Wednesday, November 4th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Ball presently has an average rating of “Moderate Buy” and an average price target of $72.15.

Ball Stock Performance

NYSE:BALL opened at $64.85 on Friday. The company has a 50-day moving average of $61.60 and a 200-day moving average of $61.30. 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 current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 1.11. Ball Corporation has a twelve month low of $46.56 and a twelve month high of $69.57.

Ball (NYSE:BALL) last released its earnings results on Tuesday, November 3rd. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.07 by $0.03. Ball had a net margin of 3.52% and a return on equity of 18.81%. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the business earned $1.02 earnings per share. The business’s quarterly revenue was up 23.9% on a year-over-year basis. Analysts forecast 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. Shareholders of record on Tuesday, December 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. Ball’s dividend payout ratio is currently 40.20%.

Insider Activity

In other news, SVP Mandy Glew sold 5,626 shares of the 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 sale, the senior vice president owned 7,209 shares in the company, valued at approximately $459,934.20. This represents a 43.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.