Mutual of America Capital Management LLC Decreases Stake in Ball Co. (NYSE:BALL)

Mutual of America Capital Management LLC decreased its position in Ball Co. (NYSE:BALL) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,143 shares of the company’s stock after selling 2,197 shares during the period. Mutual of America Capital Management LLC’s holdings in Ball were worth $2,349,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of BALL. Boston Partners increased its stake in shares of Ball by 114.1% during the 1st quarter. Boston Partners now owns 4,057,645 shares of the company’s stock worth $273,347,000 after purchasing an additional 2,162,167 shares during the last quarter. Putnam Investments LLC increased its stake in shares of Ball by 39.5% during the 4th quarter. Putnam Investments LLC now owns 5,815,825 shares of the company’s stock worth $334,526,000 after purchasing an additional 1,645,909 shares during the last quarter. Parnassus Investments LLC increased its stake in shares of Ball by 5.0% during the 4th quarter. Parnassus Investments LLC now owns 21,062,707 shares of the company’s stock worth $1,211,527,000 after purchasing an additional 998,527 shares during the last quarter. M&G Plc purchased a new stake in shares of Ball during the 1st quarter worth approximately $50,193,000. Finally, Platinum Investment Management Ltd. increased its stake in shares of Ball by 11,074.9% during the 4th quarter. Platinum Investment Management Ltd. now owns 558,969 shares of the company’s stock worth $32,152,000 after purchasing an additional 553,967 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analyst Weigh In

BALL has been the subject of several research analyst reports. Citigroup decreased their price target on shares of Ball from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Monday, July 8th. Wells Fargo & Company cut their price objective on shares of Ball from $64.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday, July 17th. Baird R W raised shares of Ball from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Morgan Stanley raised shares of Ball from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $69.00 to $78.00 in a report on Wednesday, September 4th. Finally, UBS Group raised their price objective on shares of Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.83.

Ball Stock Down 0.2 %

Shares of NYSE:BALL opened at $67.11 on Wednesday. The firm has a fifty day moving average price of $63.83 and a two-hundred day moving average price of $65.16. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.18 and a quick ratio of 0.88. Ball Co. has a one year low of $42.81 and a one year high of $71.32. The company has a market cap of $20.83 billion, a price-to-earnings ratio of 5.05, a PEG ratio of 1.64 and a beta of 0.88.

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

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Tuesday, September 3rd. Ball’s payout ratio is presently 6.02%.

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.