Natixis Investment Managers International Acquires 10,967 Shares of Ball Co. (NYSE:BALL)

Natixis Investment Managers International raised its holdings in Ball Co. (NYSE:BALLFree Report) by 47.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 33,870 shares of the company’s stock after purchasing an additional 10,967 shares during the quarter. Natixis Investment Managers International’s holdings in Ball were worth $1,948,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Deseret Mutual Benefit Administrators boosted its position in Ball by 80.4% during the third quarter. Deseret Mutual Benefit Administrators now owns 572 shares of the company’s stock worth $28,000 after purchasing an additional 255 shares during the period. NBC Securities Inc. bought a new stake in shares of Ball during the 3rd quarter worth about $29,000. Friedenthal Financial bought a new stake in shares of Ball during the 4th quarter worth about $43,000. Wetzel Investment Advisors Inc. acquired a new position in Ball in the 4th quarter valued at about $43,000. Finally, Ancora Advisors LLC raised its holdings in Ball by 40.0% in the 3rd quarter. Ancora Advisors LLC now owns 1,053 shares of the company’s stock valued at $52,000 after acquiring an additional 301 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

Ball Price Performance

BALL stock traded down $1.32 during mid-day trading on Friday, hitting $68.47. The stock had a trading volume of 1,533,702 shares, compared to its average volume of 1,669,448. The company has a current ratio of 1.21, a quick ratio of 0.93 and a debt-to-equity ratio of 0.75. Ball Co. has a 52 week low of $42.81 and a 52 week high of $71.32. The firm has a market capitalization of $21.25 billion, a P/E ratio of 5.15, a P/E/G ratio of 1.92 and a beta of 0.90. The firm has a fifty day simple moving average of $67.96 and a 200 day simple moving average of $62.48.

Ball (NYSE:BALLGet Free Report) last posted its quarterly earnings results on Friday, April 26th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.12. Ball had a net margin of 31.42% and a return on equity of 21.79%. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same period last year, the company posted $0.69 EPS. The firm’s quarterly revenue was down 17.6% compared to the same quarter last year. As a group, research analysts forecast that Ball Co. will post 3.09 EPS for the current year.

Ball declared that its board has authorized a stock buyback program on Wednesday, April 24th that allows the company to buyback 40,000,000 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.80 annualized dividend and a yield of 1.17%. Ball’s dividend payout ratio is presently 6.02%.

Insider Activity

In other news, Director Pedro Henrique Mariani sold 5,000 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $69.90, for a total value of $349,500.00. Following the sale, the director now directly owns 9,844 shares of the company’s stock, valued at approximately $688,095.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Pedro Henrique Mariani sold 5,000 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $69.90, for a total transaction of $349,500.00. Following the transaction, the director now owns 9,844 shares in the company, valued at approximately $688,095.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel William Fisher bought 3,869 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average price of $64.56 per share, for a total transaction of $249,782.64. Following the transaction, the insider now directly owns 111,866 shares in the company, valued at $7,222,068.96. The disclosure for this purchase can be found here. Insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Robert W. Baird upped their target price on Ball from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Wells Fargo & Company boosted their target price on shares of Ball from $65.00 to $69.00 and gave the company an “equal weight” rating in a research report on Monday, April 29th. Mizuho raised their price target on shares of Ball from $63.00 to $69.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Wolfe Research assumed coverage on shares of Ball in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Finally, Bank of America raised shares of Ball from an “underperform” rating to a “buy” rating and raised their price target for the stock from $61.00 to $72.00 in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $69.23.

Check Out Our Latest Stock Analysis on Ball

Ball Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ball (NYSE:BALL)

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