Brooklyn Investment Group Makes New $66,000 Investment in Ball Co. (NYSE:BALL)

Brooklyn Investment Group acquired a new stake in Ball Co. (NYSE:BALL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 965 shares of the company’s stock, valued at approximately $66,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. QRG Capital Management Inc. boosted its stake in shares of Ball by 306.6% during the second quarter. QRG Capital Management Inc. now owns 31,750 shares of the company’s stock worth $1,906,000 after buying an additional 23,941 shares during the period. Addenda Capital Inc. grew its position in Ball by 7.3% in the 2nd quarter. Addenda Capital Inc. now owns 153,464 shares of the company’s stock valued at $9,211,000 after buying an additional 10,427 shares during the last quarter. Swedbank AB purchased a new position in Ball during the 1st quarter worth $12,292,000. Meeder Asset Management Inc. raised its position in Ball by 400.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 162,690 shares of the company’s stock worth $11,048,000 after buying an additional 130,175 shares during the last quarter. Finally, SkyView Investment Advisors LLC lifted its stake in shares of Ball by 12.3% in the 2nd quarter. SkyView Investment Advisors LLC now owns 9,039 shares of the company’s stock worth $543,000 after acquiring an additional 990 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Performance

Shares of BALL stock opened at $62.60 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.09 and a quick ratio of 0.82. The company’s fifty day moving average price is $63.72 and its two-hundred day moving average price is $64.18. The firm has a market capitalization of $18.68 billion, a P/E ratio of 4.72, a P/E/G ratio of 1.56 and a beta of 0.90. Ball Co. has a 12 month low of $53.69 and a 12 month high of $71.32.

Ball (NYSE:BALL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. The business’s revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 earnings per share. On average, research analysts anticipate that Ball Co. will post 3.15 earnings per share for the current fiscal year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.20 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.28%. Ball’s payout ratio is 6.03%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Morgan Stanley upgraded shares of Ball from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $69.00 to $78.00 in a research report on Wednesday, September 4th. Mizuho decreased their price target on Ball from $69.00 to $67.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. UBS Group increased their price objective on Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a research report on Tuesday, August 6th. Baird R W raised Ball from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Finally, Wells Fargo & Company dropped their target price on shares of Ball from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.75.

About Ball

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.