DekaBank Deutsche Girozentrale Sells 932,798 Shares of Ball Co. (NYSE:BALL)

DekaBank Deutsche Girozentrale lowered its position in shares of Ball Co. (NYSE:BALL) by 78.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 251,831 shares of the company’s stock after selling 932,798 shares during the period. DekaBank Deutsche Girozentrale owned about 0.08% of Ball worth $15,342,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BALL. 9258 Wealth Management LLC bought a new stake in Ball during the fourth quarter worth about $210,000. Private Advisor Group LLC lifted its stake in Ball by 39.1% during the fourth quarter. Private Advisor Group LLC now owns 8,910 shares of the company’s stock worth $512,000 after purchasing an additional 2,504 shares during the last quarter. Principal Securities Inc. bought a new stake in Ball during the fourth quarter worth about $74,000. QRG Capital Management Inc. lifted its stake in Ball by 2.6% during the fourth quarter. QRG Capital Management Inc. now owns 7,704 shares of the company’s stock worth $443,000 after purchasing an additional 194 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Ball by 21.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,134,123 shares of the company’s stock worth $122,764,000 after purchasing an additional 381,780 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Stock Up 0.6 %

Shares of NYSE:BALL opened at $66.00 on Monday. Ball Co. has a 1 year low of $42.81 and a 1 year high of $71.32. The company has a market cap of $20.48 billion, a PE ratio of 4.97, a P/E/G ratio of 1.64 and a beta of 0.88. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.18 and a quick ratio of 0.88. The stock’s 50-day moving average is $63.01 and its 200 day moving average is $65.05.

Ball (NYSE:BALL) last posted its earnings results on Thursday, August 1st. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. Ball had a return on equity of 19.45% and a net margin of 32.79%. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the business earned $0.61 EPS. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. Sell-side analysts anticipate that Ball Co. will post 3.12 EPS for the current year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.21%. Ball’s dividend payout ratio (DPR) is 6.02%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BALL shares. Robert W. Baird upgraded Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price objective on the stock in a report on Wednesday, August 14th. Truist Financial reiterated a “buy” rating and issued a $78.00 price objective (up previously from $76.00) on shares of Ball in a report on Friday, August 2nd. Wells Fargo & Company decreased their price objective on Ball from $64.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 17th. UBS Group lifted their price objective on Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. Finally, Citigroup decreased their price objective on Ball from $73.00 to $66.00 and set a “neutral” rating on the stock in a report on Monday, July 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Ball has a consensus rating of “Moderate Buy” and a consensus target price of $70.83.

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.