Moors & Cabot Inc. lowered its holdings in Ball Co. (NYSE:BALL – Free Report) by 17.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,815 shares of the company’s stock after selling 3,104 shares during the quarter. Moors & Cabot Inc.’s holdings in Ball were worth $862,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Parnassus Investments LLC raised its position in Ball by 0.7% in the second quarter. Parnassus Investments LLC now owns 20,340,826 shares of the company’s stock valued at $1,184,039,000 after purchasing an additional 136,629 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Ball by 66.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,830,193 shares of the company’s stock valued at $817,294,000 after acquiring an additional 5,903,021 shares during the period. Morgan Stanley grew its position in Ball by 17.7% in the 4th quarter. Morgan Stanley now owns 7,979,673 shares of the company’s stock valued at $408,081,000 after acquiring an additional 1,200,145 shares in the last quarter. Geode Capital Management LLC increased its stake in Ball by 0.6% during the first quarter. Geode Capital Management LLC now owns 6,700,954 shares of the company’s stock worth $368,473,000 after purchasing an additional 37,672 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Ball by 5.6% in the first quarter. JPMorgan Chase & Co. now owns 5,482,237 shares of the company’s stock valued at $302,125,000 after purchasing an additional 291,961 shares during the period. 84.79% of the stock is currently owned by hedge funds and other institutional investors.
Ball Stock Up 1.0 %
BALL stock opened at $52.38 on Friday. The company’s 50 day moving average is $48.49 and its two-hundred day moving average is $53.11. Ball Co. has a twelve month low of $42.81 and a twelve month high of $62.14. The company has a current ratio of 0.81, a quick ratio of 0.55 and a debt-to-equity ratio of 1.87. The stock has a market cap of $16.52 billion, a P/E ratio of 27.28, a PEG ratio of 3.52 and a beta of 0.85.
Ball Announces Dividend
Analysts Set New Price Targets
Several equities research analysts recently weighed in on BALL shares. Credit Suisse Group downgraded shares of Ball from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $65.00 to $58.00 in a research note on Wednesday, September 13th. Barclays lifted their target price on Ball from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, November 6th. Wells Fargo & Company cut their price target on Ball from $55.00 to $46.00 and set an “equal weight” rating on the stock in a report on Thursday, October 19th. Citigroup lifted their price objective on Ball from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, August 4th. Finally, Jefferies Financial Group cut their target price on shares of Ball from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Wednesday, October 18th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Ball currently has a consensus rating of “Hold” and a consensus price target of $58.40.
Insider Activity at Ball
In other Ball news, insider David A. Kaufman sold 3,820 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $52.41, for a total transaction of $200,206.20. Following the transaction, the insider now owns 8,861 shares of the company’s stock, valued at $464,405.01. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Ball news, insider David A. Kaufman sold 3,820 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $52.41, for a total value of $200,206.20. Following the completion of the sale, the insider now owns 8,861 shares in the company, valued at $464,405.01. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Deron Goodwin sold 500 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $52.85, for a total value of $26,425.00. Following the completion of the sale, the vice president now directly owns 12,001 shares of the company’s stock, valued at $634,252.85. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.
Ball Company Profile
Ball Corp. provides metal packaging for beverages, foods, and household products. It operates through the following business segments: Beverage Packaging North and Central America, Beverage Packaging South America, Beverage Packaging Europe, Middle East and Africa (EMEA), and Aerospace. The Beverage Packaging North and Central America segment includes multi-year supply contracts to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.
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