Ball Co. (NYSE:BALL) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lessened its position in Ball Co. (NYSE:BALL) by 4.5% during the second quarter, Holdings Channel reports. The institutional investor owned 27,420 shares of the company’s stock after selling 1,304 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Ball were worth $1,646,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BALL. 9258 Wealth Management LLC bought a new stake in Ball during the fourth quarter worth approximately $210,000. Quadrant Capital Group LLC boosted its stake in shares of Ball by 20.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,747 shares of the company’s stock worth $100,000 after acquiring an additional 299 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Ball by 27.9% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,164 shares of the company’s stock worth $527,000 after acquiring an additional 2,001 shares during the last quarter. UBS Group AG raised its position in shares of Ball by 69.7% during the fourth quarter. UBS Group AG now owns 592,488 shares of the company’s stock worth $34,080,000 after purchasing an additional 243,404 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Ball by 8.2% during the fourth quarter. Wells Fargo & Company MN now owns 429,928 shares of the company’s stock valued at $24,729,000 after purchasing an additional 32,475 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Price Performance

Shares of BALL opened at $66.31 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.18. The firm has a market cap of $20.58 billion, a PE ratio of 4.99, a PEG ratio of 1.64 and a beta of 0.88. The firm’s 50 day moving average price is $63.70 and its 200 day moving average price is $65.13. Ball Co. has a twelve month low of $42.81 and a twelve month high of $71.32.

Ball (NYSE:BALL) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.10 billion. Ball had a net margin of 32.79% and a return on equity of 19.45%. Ball’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. As a group, research analysts expect that Ball Co. will post 3.12 EPS for the current fiscal year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.80 annualized dividend and a dividend yield of 1.21%. Ball’s dividend payout ratio (DPR) is presently 6.02%.

Analyst Upgrades and Downgrades

BALL has been the topic of several recent analyst reports. UBS Group boosted their price objective on Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. Baird R W raised shares of Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. 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 report on Wednesday, September 4th. Royal Bank of Canada dropped their price target on Ball from $80.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Finally, Truist Financial restated a “buy” rating and set a $78.00 price objective (up from $76.00) on shares of Ball in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.83.

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.