Toronto Dominion Bank Acquires 9,173 Shares of Ball Co. (NYSE:BALL)

Toronto Dominion Bank increased its stake in shares of Ball Co. (NYSE:BALL - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 160,329 shares of the company's stock after purchasing an additional 9,173 shares during the quarter. Toronto Dominion Bank owned approximately 0.05% of Ball worth $8,839,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Ball during the 4th quarter valued at $190,105,000. Raymond James Financial Inc. purchased a new stake in shares of Ball during the fourth quarter worth $94,861,000. London Co. of Virginia boosted its position in Ball by 61.1% during the fourth quarter. London Co. of Virginia now owns 3,054,393 shares of the company's stock valued at $168,389,000 after purchasing an additional 1,158,668 shares during the last quarter. Invesco Ltd. boosted its position in Ball by 25.3% during the fourth quarter. Invesco Ltd. now owns 4,159,436 shares of the company's stock valued at $229,310,000 after purchasing an additional 840,357 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in Ball by 11.6% in the fourth quarter. Franklin Resources Inc. now owns 7,758,604 shares of the company's stock valued at $427,732,000 after purchasing an additional 803,728 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Stock Performance

NYSE:BALL traded up $0.03 during mid-day trading on Friday, hitting $53.58. 5,447,727 shares of the company's stock traded hands, compared to its average volume of 2,202,466. The company has a current ratio of 1.00, a quick ratio of 0.69 and a debt-to-equity ratio of 0.90. The firm has a 50 day moving average of $50.67 and a two-hundred day moving average of $53.40. The firm has a market capitalization of $14.86 billion, a price-to-earnings ratio of 4.23, a price-to-earnings-growth ratio of 1.24 and a beta of 1.10. Ball Co. has a 12 month low of $43.51 and a 12 month high of $70.07.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.91 billion. Ball had a net margin of 33.98% and a return on equity of 16.17%. Ball's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $0.68 earnings per share. On average, equities analysts forecast that Ball Co. will post 3.48 earnings per share for the current fiscal year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Monday, June 2nd. Ball's dividend payout ratio is currently 47.62%.

Analyst Ratings Changes

BALL has been the subject of a number of recent research reports. Morgan Stanley cut their price target on Ball from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Loop Capital dropped their price objective on Ball from $83.00 to $78.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Robert W. Baird reduced their target price on shares of Ball from $70.00 to $63.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Truist Financial decreased their target price on shares of Ball from $65.00 to $58.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, UBS Group dropped their price target on shares of Ball from $55.00 to $54.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ball presently has an average rating of "Moderate Buy" and an average target price of $61.00.

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.