Ball Co. (NYSE:BALL) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co trimmed its position in shares of Ball Co. (NYSE:BALL) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,420 shares of the company’s stock after selling 1,304 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Ball were worth $1,646,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky acquired a new position in shares of Ball in the 1st quarter valued at approximately $47,000. Friedenthal Financial bought a new position in Ball during the 2nd quarter valued at $47,000. Ashton Thomas Private Wealth LLC acquired a new position in Ball during the 2nd quarter worth $72,000. Deseret Mutual Benefit Administrators increased its position in shares of Ball by 17.0% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 1,280 shares of the company’s stock worth $77,000 after purchasing an additional 186 shares during the last quarter. Finally, Homestead Advisers Corp raised its stake in shares of Ball by 46.7% in the 4th quarter. Homestead Advisers Corp now owns 1,577 shares of the company’s stock valued at $91,000 after purchasing an additional 502 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on BALL. Baird R W upgraded Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Citigroup lowered their price target on Ball from $73.00 to $66.00 and set a “neutral” rating for the company in a report on Monday, July 8th. 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 research note on Wednesday, August 14th. Royal Bank of Canada decreased their price objective on shares of Ball from $80.00 to $77.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Finally, Morgan Stanley raised shares of Ball from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $69.00 to $78.00 in a report on Wednesday, September 4th. One equities 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.83.

Ball Trading Down 1.2 %

Ball stock opened at $66.31 on Friday. Ball Co. has a 52-week low of $42.81 and a 52-week high of $71.32. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $20.58 billion, a price-to-earnings ratio of 4.99, a PEG ratio of 1.64 and a beta of 0.88. The firm has a 50-day moving average price of $63.70 and a two-hundred day moving average price of $65.13.

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

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Tuesday, September 3rd. Ball’s payout ratio is currently 6.02%.

Ball 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.