Ball Corporation $BALL Stock Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC increased its holdings in Ball Corporation (NYSE:BALL) by 44.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,373 shares of the company’s stock after buying an additional 50,022 shares during the period. Kestra Advisory Services LLC owned 0.06% of Ball worth $9,098,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BALL. Inscription Capital LLC grew its position in Ball by 8.0% during the third quarter. Inscription Capital LLC now owns 17,710 shares of the company’s stock worth $992,000 after buying an additional 1,312 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Ball by 325.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 62,485 shares of the company’s stock worth $3,501,000 after acquiring an additional 47,782 shares during the period. Rakuten Investment Management Inc. bought a new position in Ball during the 3rd quarter worth $2,648,000. Lyell Wealth Management LP raised its holdings in Ball by 6.2% in the 3rd quarter. Lyell Wealth Management LP now owns 42,080 shares of the company’s stock valued at $2,358,000 after acquiring an additional 2,475 shares in the last quarter. Finally, Eads & Heald Wealth Management raised its holdings in Ball by 2.8% in the 3rd quarter. Eads & Heald Wealth Management now owns 16,483 shares of the company’s stock valued at $924,000 after acquiring an additional 452 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on BALL shares. Mizuho increased their target price on Ball from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, November 4th. Weiss Ratings downgraded Ball from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, November 4th. UBS Group upped their price objective on shares of Ball from $63.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 4th. JPMorgan Chase & Co. downgraded shares of Ball from an “overweight” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a research note on Wednesday, November 4th. Finally, 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 report on Thursday, November 5th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $72.15.

Ball Trading Down 0.2%

Shares of BALL opened at $66.67 on Wednesday. Ball Corporation has a 52-week low of $46.41 and a 52-week high of $69.57. The business’s fifty day moving average is $61.51 and its 200-day moving average is $61.22. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.64 and a current ratio of 1.04. The firm has a market cap of $17.35 billion, a price-to-earnings ratio of 33.50, a PEG ratio of 1.46 and a beta of 0.94.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $1.10 EPS for the quarter, topping 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 company 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 firm earned $1.02 EPS. Ball’s revenue was up 23.9% on a year-over-year basis. Equities analysts anticipate that Ball Corporation will post 4.00 EPS for the current fiscal year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, December 1st. Ball’s payout ratio is currently 40.20%.

Insider Buying and Selling

In other Ball news, SVP Mandy Glew sold 5,626 shares of the business’s stock in a transaction dated 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 owned 7,209 shares of the company’s stock, valued at approximately $459,934.20. The trade was a 43.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.58% of the company’s stock.

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.