Ball Co. (NYSE:BALL) Shares Sold by Keybank National Association OH

Keybank National Association OH decreased its holdings in shares of Ball Co. (NYSE:BALL) by 0.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 72,129 shares of the company’s stock after selling 419 shares during the quarter. Keybank National Association OH’s holdings in Ball were worth $3,976,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Franklin Resources Inc. grew its stake in shares of Ball by 4.7% in the third quarter. Franklin Resources Inc. now owns 6,954,876 shares of the company’s stock valued at $453,144,000 after buying an additional 309,587 shares in the last quarter. FMR LLC lifted its holdings in Ball by 15.4% during the 3rd quarter. FMR LLC now owns 4,418,570 shares of the company’s stock worth $300,065,000 after buying an additional 588,282 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ball by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,891,046 shares of the company’s stock valued at $104,253,000 after purchasing an additional 36,809 shares during the last quarter. M&G PLC lifted its holdings in shares of Ball by 5.2% in the 3rd quarter. M&G PLC now owns 790,137 shares of the company’s stock valued at $53,729,000 after purchasing an additional 38,714 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Ball by 14.1% in the 3rd quarter. Janus Henderson Group PLC now owns 707,279 shares of the company’s stock valued at $48,030,000 after purchasing an additional 87,577 shares during the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BALL has been the subject of several analyst reports. Mizuho raised Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price objective for the company in a research note on Tuesday, December 10th. Barclays lowered their price target on Ball from $72.00 to $61.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Truist Financial lowered their price target on Ball from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Robert W. Baird reduced their target price on Ball from $70.00 to $63.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Finally, UBS Group reduced their price target on Ball from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $64.64.

Ball Trading Up 1.7 %

Shares of BALL stock opened at $51.92 on Thursday. The company has a quick ratio of 0.69, a current ratio of 1.00 and a debt-to-equity ratio of 0.90. Ball Co. has a fifty-two week low of $48.95 and a fifty-two week high of $71.32. The stock has a market capitalization of $14.68 billion, a P/E ratio of 4.10, a P/E/G ratio of 1.24 and a beta of 0.94. The stock has a 50-day simple moving average of $53.01 and a 200 day simple moving average of $59.37.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. Ball had a return on equity of 16.17% and a net margin of 33.98%. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same quarter last year, the company posted $0.78 EPS. Ball’s revenue for the quarter was down .8% on a year-over-year basis. On average, sell-side analysts expect that Ball Co. will post 3.48 earnings per share for the current fiscal year.

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.54%. The ex-dividend date is Monday, March 3rd. Ball’s dividend payout ratio is currently 6.32%.

Ball announced that its Board of Directors has initiated a stock repurchase program on Wednesday, January 29th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the company to purchase up to 24.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

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.