Machina Capital S.A.S. Makes New $731,000 Investment in Ball Corporation $BALL

Machina Capital S.A.S. acquired a new position in Ball Corporation (NYSE:BALL) in the second quarter, HoldingsChannel.com reports. The fund acquired 13,038 shares of the company’s stock, valued at approximately $731,000.

A number of other large investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Ball by 44.2% in the first quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company’s stock worth $416,681,000 after acquiring an additional 2,453,630 shares during the period. Invesco Ltd. raised its position in shares of Ball by 5.1% in the first quarter. Invesco Ltd. now owns 4,370,274 shares of the company’s stock worth $227,560,000 after acquiring an additional 210,838 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Ball by 10.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,370,532 shares of the company’s stock worth $175,480,000 after acquiring an additional 315,091 shares during the period. Northern Trust Corp raised its position in shares of Ball by 0.7% in the first quarter. Northern Trust Corp now owns 3,046,342 shares of the company’s stock worth $158,623,000 after acquiring an additional 19,921 shares during the period. Finally, Mirova US LLC raised its position in shares of Ball by 4.9% in the second quarter. Mirova US LLC now owns 2,669,081 shares of the company’s stock worth $149,709,000 after acquiring an additional 124,814 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Up 0.1%

Shares of NYSE BALL opened at $47.05 on Tuesday. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $63.35. The stock has a market cap of $12.81 billion, a PE ratio of 24.38, a P/E/G ratio of 1.09 and a beta of 1.09. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. The company has a 50-day moving average of $49.52 and a 200 day moving average of $52.85.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. Ball had a net margin of 4.49% and a return on equity of 16.81%. The company had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the prior year, the company earned $0.74 EPS. Ball’s revenue was up 12.8% compared to the same quarter last year. As a group, sell-side analysts predict that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, December 1st. Ball’s payout ratio is presently 41.45%.

Analyst Ratings Changes

BALL has been the subject of a number of analyst reports. Bank of America reiterated a “neutral” rating and issued a $66.00 price objective (down previously from $67.00) on shares of Ball in a research report on Wednesday, July 9th. Truist Financial cut their target price on shares of Ball from $69.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Citigroup cut their target price on shares of Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Wells Fargo & Company cut their target price on shares of Ball from $54.00 to $48.00 and set an “underweight” rating for the company in a research note on Wednesday, October 15th. Finally, UBS Group dropped their price objective on shares of Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $62.36.

Insiders Place Their Bets

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the business’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $51.55, for a total value of $175,270.00. Following the transaction, the chairman directly owned 10,036 shares in the company, valued at $517,355.80. The trade was a 25.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.81% of the stock is owned by insiders.

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.