Ball Co. (NYSE:BALL) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its stake in shares of Ball Co. (NYSE:BALLFree Report) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 177,194 shares of the company’s stock after selling 7,708 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.06% of Ball worth $8,821,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Quarry LP lifted its position in shares of Ball by 446.3% during the 2nd quarter. Quarry LP now owns 448 shares of the company’s stock worth $26,000 after buying an additional 366 shares during the last quarter. Resurgent Financial Advisors LLC purchased a new stake in shares of Ball during the 4th quarter worth approximately $26,000. Covington Capital Management purchased a new stake in shares of Ball during the 3rd quarter worth approximately $26,000. NBC Securities Inc. purchased a new stake in Ball in the 3rd quarter valued at $29,000. Finally, Tyler Stone Wealth Management purchased a new stake in Ball in the 2nd quarter valued at $29,000. Hedge funds and other institutional investors own 84.79% of the company’s stock.

Analyst Upgrades and Downgrades

BALL has been the subject of several research reports. Jefferies Financial Group reduced their price target on shares of Ball from $64.00 to $63.00 and set a “buy” rating for the company in a research report on Wednesday, October 18th. Mizuho upped their price target on shares of Ball from $60.00 to $62.00 and gave the company a “neutral” rating in a research report on Thursday, December 28th. Royal Bank of Canada upped their price target on shares of Ball from $51.00 to $61.00 and gave the company a “sector perform” rating in a research report on Friday, February 2nd. Truist Financial upped their price target on shares of Ball from $54.00 to $60.00 and gave the company a “hold” rating in a research report on Thursday, January 4th. Finally, Wells Fargo & Company reduced their price target on shares of Ball from $55.00 to $46.00 and set an “equal weight” rating for the company in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Ball presently has a consensus rating of “Hold” and a consensus target price of $59.00.

Check Out Our Latest Stock Report on Ball

Ball Stock Performance

Shares of BALL opened at $59.17 on Monday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.54 and a current ratio of 0.79. Ball Co. has a 1 year low of $42.81 and a 1 year high of $61.13. The stock has a market capitalization of $18.66 billion, a P/E ratio of 26.42, a P/E/G ratio of 3.74 and a beta of 0.87. The company’s fifty day moving average is $57.17 and its two-hundred day moving average is $53.46.

Ball (NYSE:BALLGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Ball had a net margin of 5.04% and a return on equity of 23.81%. The business had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.56 billion. During the same period in the prior year, the company posted $0.44 EPS. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, sell-side analysts predict that Ball Co. will post 3.16 earnings per share for the current year.

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $0.80 annualized dividend and a dividend yield of 1.35%. Ball’s dividend payout ratio is presently 35.71%.

Insider Buying and Selling

In other news, COO Ronald J. Lewis bought 4,637 shares of Ball stock in a transaction on Tuesday, November 21st. The shares were bought at an average cost of $53.91 per share, for a total transaction of $249,980.67. Following the acquisition, the chief operating officer now owns 29,797 shares in the company, valued at $1,606,356.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

Ball 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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