Ball Co. (NYSE:BALL) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC lowered its position in shares of Ball Co. (NYSE:BALLFree Report) by 11.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,820 shares of the company’s stock after selling 247 shares during the period. Sentry Investment Management LLC’s holdings in Ball were worth $91,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. IFM Investors Pty Ltd boosted its holdings in Ball by 4.0% in the 2nd quarter. IFM Investors Pty Ltd now owns 61,439 shares of the company’s stock valued at $3,576,000 after purchasing an additional 2,336 shares in the last quarter. FDx Advisors Inc. purchased a new stake in shares of Ball during the 2nd quarter worth approximately $229,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Ball during the 3rd quarter worth approximately $22,339,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Ball by 75.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,006 shares of the company’s stock worth $50,000 after acquiring an additional 431 shares in the last quarter. Finally, Boston Common Asset Management LLC boosted its stake in shares of Ball by 16.6% during the 3rd quarter. Boston Common Asset Management LLC now owns 142,570 shares of the company’s stock worth $7,097,000 after acquiring an additional 20,311 shares in the last quarter. Institutional investors and hedge funds own 84.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on BALL shares. Wells Fargo & Company cut their price objective on Ball from $55.00 to $46.00 and set an “equal weight” rating for the company in a research report on Thursday, October 19th. Mizuho boosted their price target on Ball from $60.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, December 28th. Barclays boosted their price target on Ball from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, November 6th. Jefferies Financial Group cut their price target on Ball from $64.00 to $63.00 and set a “buy” rating for the company in a report on Wednesday, October 18th. Finally, Bank of America downgraded Ball from a “neutral” rating to an “underperform” rating and cut their price target for the company from $61.00 to $59.00 in a report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Ball has an average rating of “Hold” and a consensus price target of $58.20.

Check Out Our Latest Report on Ball

Insider Transactions at Ball

In related news, COO Ronald J. Lewis purchased 4,637 shares of Ball stock in a transaction dated Tuesday, November 21st. The shares were acquired at an average price of $53.91 per share, with a total value of $249,980.67. Following the completion of the transaction, the chief operating officer now owns 29,797 shares of the company’s stock, valued at approximately $1,606,356.27. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Ball Stock Up 0.7 %

NYSE:BALL traded up $0.39 on Friday, reaching $57.26. The stock had a trading volume of 751,979 shares, compared to its average volume of 1,552,675. 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 company has a 50-day moving average of $56.31 and a 200 day moving average of $53.44. The stock has a market cap of $18.05 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 3.58 and a beta of 0.90. Ball Co. has a 12-month low of $42.81 and a 12-month high of $62.14.

Ball (NYSE:BALLGet Free Report) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.88 billion. Ball had a net margin of 4.29% and a return on equity of 21.44%. On average, research analysts predict that Ball Co. will post 2.9 earnings per share for the current year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $0.80 annualized dividend and a dividend yield of 1.40%. Ball’s payout ratio is 41.67%.

Ball Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Ball (NYSE:BALL)

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