Ball Co. (NYSE:BALL) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank increased its stake in shares of Ball Co. (NYSE:BALL) by 60.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 151,156 shares of the company’s stock after purchasing an additional 56,692 shares during the period. Toronto Dominion Bank owned 0.05% of Ball worth $10,265,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Federated Hermes Inc. boosted its stake in Ball by 0.9% during the 2nd quarter. Federated Hermes Inc. now owns 18,941 shares of the company’s stock worth $1,137,000 after purchasing an additional 162 shares during the last quarter. Fifth Third Bancorp boosted its position in Ball by 2.0% during the second quarter. Fifth Third Bancorp now owns 8,743 shares of the company’s stock worth $525,000 after acquiring an additional 174 shares during the last quarter. Deseret Mutual Benefit Administrators grew its stake in Ball by 17.0% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 1,280 shares of the company’s stock valued at $77,000 after acquiring an additional 186 shares in the last quarter. Moors & Cabot Inc. raised its holdings in Ball by 4.5% in the 3rd quarter. Moors & Cabot Inc. now owns 4,442 shares of the company’s stock valued at $302,000 after acquiring an additional 192 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in Ball by 1.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 16,895 shares of the company’s stock worth $1,147,000 after purchasing an additional 199 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Stock Up 0.4 %

Ball stock opened at $58.24 on Friday. Ball Co. has a fifty-two week low of $54.06 and a fifty-two week high of $71.32. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 1.09. The firm has a 50 day moving average price of $62.05 and a 200 day moving average price of $63.37. The company has a market capitalization of $17.38 billion, a PE ratio of 4.39, a price-to-earnings-growth ratio of 1.44 and a beta of 0.91.

Ball (NYSE:BALL) last announced its earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Ball had a return on equity of 17.46% and a net margin of 34.05%. Ball’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the business posted $0.83 EPS. Research analysts expect that Ball Co. will post 3.15 earnings per share for the current year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.37%. The ex-dividend date is Monday, December 2nd. Ball’s payout ratio is currently 6.03%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Citigroup increased their price target on Ball from $66.00 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Morgan Stanley raised Ball from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $69.00 to $78.00 in a research note on Wednesday, September 4th. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price target on shares of Ball in a research report on Monday, November 4th. Mizuho upgraded shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price objective for the company in a research report on Tuesday. Finally, Wells Fargo & Company decreased their target price on shares of Ball from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.75.

Ball 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.