Ball Co. (NYSE:BALL) Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Ball Co. (NYSE:BALLFree Report) by 15.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,348 shares of the company’s stock after purchasing an additional 8,490 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Ball were worth $3,153,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BALL. Macquarie Group Ltd. acquired a new position in Ball in the third quarter valued at $533,000. Commonwealth Equity Services LLC acquired a new stake in shares of Ball during the third quarter worth about $1,319,000. First Trust Advisors LP acquired a new stake in shares of Ball during the third quarter worth about $2,863,000. Pathstone Family Office LLC acquired a new stake in shares of Ball during the third quarter worth about $621,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Ball during the third quarter worth about $1,181,000. Institutional investors and hedge funds own 84.79% of the company’s stock.

Ball Stock Performance

NYSE:BALL opened at $60.53 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.54 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $19.09 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 3.75 and a beta of 0.87. The firm’s fifty day simple moving average is $57.24 and its 200 day simple moving average is $53.47. Ball Co. has a twelve month low of $42.81 and a twelve month high of $61.13.

Ball (NYSE:BALLGet Free Report) last posted its earnings results on Thursday, February 1st. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.01. The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.56 billion. Ball had a net margin of 5.04% and a return on equity of 23.81%. The business’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 EPS. As a group, equities research analysts expect that Ball Co. will post 3.16 earnings per share for the current fiscal year.

Ball Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, February 29th. Ball’s dividend payout ratio (DPR) is 35.71%.

Insider Buying and Selling

In related news, COO Ronald J. Lewis bought 4,637 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was bought at an average price of $53.91 per share, with a total value of $249,980.67. Following the transaction, the chief operating officer now owns 29,797 shares of the company’s stock, valued at $1,606,356.27. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BALL. Mizuho increased their target price on shares of Ball from $60.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, December 28th. Jefferies Financial Group reduced their price objective 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. Bank of America downgraded shares of Ball from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $61.00 to $59.00 in a research report on Tuesday, January 2nd. Barclays raised their price objective on shares of Ball from $63.00 to $66.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada raised their price objective 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. 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $59.00.

Check Out Our Latest Research Report on BALL

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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