DRW Securities LLC acquires 4,592 shares of Ball Co. (NYSE: BALL)

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DRW Securities LLC bought a new position in shares of Ball Co. (NYSE:BALL – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,592 shares of the company’s stock, valued at approximately $276,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in BALL. Independence Bank of Kentucky bought a new stake in shares of Ball in the first quarter valued at about $47,000. Friedenthal Financial acquired a new position in Ball during the second quarter valued at about $47,000. EverSource Wealth Advisors LLC boosted its stake in Ball by 334.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $68,000 after purchasing an additional 815 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Ball in the second quarter valued at $72,000. Finally, Deseret Mutual Benefit Administrators boosted its position in shares of Ball by 17.0% in the second quarter. Deseret Mutual Benefit Administrators now owns 1,280 shares of the company’s stock worth $77,000 after buying an additional 186 shares during the last quarter. Institutional investors own 86.51% of the company’s shares.

Changes in Analyst Ratings

A number of analysts recently commented on the action. Wells Fargo & Company reduced their price objective on shares of Ball from $64.00 to $61.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 17th. Baird RW raised Ball from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. UBS Group raised their price objective on Ball from $56.00 to $59.00 and gave the company a “sell” rating in a report on Tuesday, August 6th. Morgan Stanley raised Ball from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $69.00 to $78.00 in a research note on Wednesday, September 4th . Finally, Royal Bank of Canada cut their price target on shares of Ball from $80.00 to $77.00 and set an “outperform” rating on the stock in a research note on Monday, 5 August. One analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $70.83.

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Ball stock performance

Shares of BALL stock opened at $67.23 on Tuesday. The firm has a market cap of $20.87 billion, a PE ratio of 5.06, a P/E/G ratio of 1.64 and a beta of 0.88. Ball Co. has a 12-month low of $42.81 and a 12-month high of $71.32. The company’s fifty-day simple moving average is $63.83, and its 200-day simple moving average is $65.16. The company has a quick ratio of 0.88, a current ratio of 1.18, and a debt-to-equity ratio of 0.79.

Ball (NYSE:BALL – Get Your Free Report ) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04. The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Ball had a net margin of 32.79% and a return on equity of 19.45%. The company’s revenue for the quarter was down 3.5% year over year. During the same period in the previous year, the firm posted EPS of $0.61. Equities research analysts expect that Ball Co. to post 3.12 EPS for the current fiscal year.

Ball Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $0.20 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a dividend of $0.80 on an annualized basis and a yield of 1.19%. Ball’s dividend payout ratio is 6.02%.

About Ball

(Free Report)

Ball Corporation supplies aluminum packaging products to the beverage, personal care and household products industries in the United States, Brazil and internationally. The company manufactures and sells aluminum beverage containers for filling carbonated soft drinks, beer, energy drinks and other beverages.