Cigna Investments Inc. New Acquires Shares of 3,230 Ball Co. (NYSE:BALL)

Cigna Investments Inc. New acquired a new stake in Ball Co. (NYSE:BALL) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,230 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BALL. Boston Partners raised its holdings in Ball by 114.1% in the 1st quarter. Boston Partners now owns 4,057,645 shares of the company’s stock valued at $273,347,000 after acquiring an additional 2,162,167 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Ball by 458.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,018,648 shares of the company’s stock valued at $61,139,000 after acquiring an additional 836,293 shares in the last quarter. M&G Plc acquired a new position in Ball in the 1st quarter valued at $50,193,000. Vanguard Group Inc. raised its holdings in Ball by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 35,855,312 shares of the company’s stock valued at $2,415,214,000 after acquiring an additional 267,479 shares in the last quarter. Finally, WINTON GROUP Ltd raised its holdings in shares of Ball by 1,875.2% during the 2nd quarter. WINTON GROUP Ltd now owns 275,238 shares of the company’s stock worth $16,520,000 after buying an additional 261,303 shares in the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BALL has been the subject of a number of research analyst reports. Citigroup boosted their price target on Ball from $66.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Morgan Stanley raised Ball from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $69.00 to $78.00 in a report on Wednesday, September 4th. Truist Financial reissued a “buy” rating and set a $78.00 price target (up previously from $76.00) on shares of Ball in a report on Friday, August 2nd. UBS Group boosted their price target on Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. Finally, Baird R W raised Ball from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Ball has an average rating of “Moderate Buy” and an average price target of $70.92.

Ball Stock Down 0.4 %

Shares of NYSE:BALL opened at $59.01 on Friday. The firm has a market cap of $17.91 billion, a P/E ratio of 4.45, a P/E/G ratio of 1.62 and a beta of 0.88. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.79. Ball Co. has a 12-month low of $47.56 and a 12-month high of $71.32. The business has a fifty day simple moving average of $65.18 and a 200 day simple moving average of $65.01.

Ball (NYSE:BALL) last announced its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 19.45% and a net margin of 32.79%. Ball’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the company earned $0.83 EPS. Analysts predict that Ball Co. will post 3.12 earnings per share for the current year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.36%. The ex-dividend date is Monday, December 2nd. Ball’s dividend payout ratio is currently 6.04%.

Ball Company 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.