Ball Co. (NYSE:BALL) Shares Sold by Norris Perne & French LLP MI

Norris Perne & French LLP MI lessened its stake in Ball Co. (NYSE:BALLFree Report) by 33.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 289,001 shares of the company’s stock after selling 142,791 shares during the period. Norris Perne & French LLP MI owned 0.09% of Ball worth $16,623,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BALL. Price T Rowe Associates Inc. MD boosted its holdings in Ball by 66.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,830,193 shares of the company’s stock valued at $817,294,000 after purchasing an additional 5,903,021 shares in the last quarter. Norges Bank purchased a new stake in shares of Ball during the 4th quarter worth approximately $139,189,000. Victory Capital Management Inc. purchased a new stake in shares of Ball during the 4th quarter worth approximately $62,202,000. Morgan Stanley boosted its stake in shares of Ball by 17.7% during the 4th quarter. Morgan Stanley now owns 7,979,673 shares of the company’s stock worth $408,081,000 after acquiring an additional 1,200,145 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Ball by 146.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,470,641 shares of the company’s stock worth $71,730,000 after acquiring an additional 874,325 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Trading Up 0.8 %

BALL stock opened at $67.88 on Tuesday. Ball Co. has a 52 week low of $42.81 and a 52 week high of $67.97. The company has a market cap of $21.43 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 4.35 and a beta of 0.89. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.96. The business has a fifty day simple moving average of $62.35 and a 200-day simple moving average of $55.83.

Ball (NYSE:BALLGet Free Report) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. Ball had a return on equity of 23.81% and a net margin of 5.04%. The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same period in the prior year, the firm earned $0.44 EPS. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, equities research analysts expect that Ball Co. will post 3.1 EPS for the current year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.20 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.80 annualized dividend and a yield of 1.18%. Ball’s dividend payout ratio is currently 35.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BALL shares. Wells Fargo & Company upped their target price on Ball from $52.00 to $62.00 and gave the company an “equal weight” rating in a research note on Monday, March 18th. Barclays upped their target price on Ball from $63.00 to $66.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Mizuho upped their target price on Ball to $63.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. UBS Group initiated coverage on Ball in a research note on Tuesday, January 16th. They issued a “sell” rating and a $55.00 target price on the stock. Finally, Morgan Stanley initiated coverage on Ball in a report on Monday, March 18th. They issued an “equal weight” rating and a $68.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Ball has a consensus rating of “Hold” and an average target price of $65.17.

Read Our Latest Report on BALL

Insider Activity at Ball

In other news, insider Daniel William Fisher acquired 3,869 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was bought at an average cost of $64.56 per share, with a total value of $249,782.64. Following the transaction, the insider now directly owns 111,866 shares in the company, valued at approximately $7,222,068.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is owned by insiders.

About Ball

(Free Report)

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.

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Institutional Ownership by Quarter for Ball (NYSE:BALL)

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