SYSTM Wealth Solutions LLC Decreases Stock Holdings in Ball Co. (NYSE:BALL)

SYSTM Wealth Solutions LLC cut its position in Ball Co. (NYSE:BALL) by 45.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,336 shares of the company’s stock after selling 12,134 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Ball were worth $860,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in BALL. Norges Bank purchased a new position in shares of Ball in the fourth quarter valued at $168,372,000. Boston Partners boosted its stake in shares of Ball by 114.1% in the first quarter. Boston Partners now owns 4,057,645 shares of the company’s stock valued at $273,347,000 after purchasing an additional 2,162,167 shares during the period. Putnam Investments LLC boosted its stake in shares of Ball by 39.5% in the fourth quarter. Putnam Investments LLC now owns 5,815,825 shares of the company’s stock valued at $334,526,000 after purchasing an additional 1,645,909 shares during the period. Parnassus Investments LLC boosted its stake in shares of Ball by 5.0% in the fourth quarter. Parnassus Investments LLC now owns 21,062,707 shares of the company’s stock valued at $1,211,527,000 after purchasing an additional 998,527 shares during the period. Finally, M&G Plc purchased a new position in shares of Ball in the first quarter valued at $50,193,000. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. UBS Group upped their target price on shares of Ball from $56.00 to $59.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th. Wells Fargo & Company cut their price target on shares of Ball from $64.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 17th. Truist Financial reaffirmed a “buy” rating and issued a $78.00 price target (up from $76.00) on shares of Ball in a report on Friday, August 2nd. Royal Bank of Canada cut their price target on shares of Ball from $80.00 to $77.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Finally, Morgan Stanley raised shares of Ball from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $69.00 to $78.00 in a report on Wednesday, September 4th. One investment 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.83.

Ball Stock Down 1.0 %

Shares of NYSE:BALL opened at $66.52 on Thursday. The stock has a market capitalization of $20.65 billion, a price-to-earnings ratio of 5.01, a price-to-earnings-growth ratio of 1.64 and a beta of 0.88. Ball Co. has a 1-year low of $42.81 and a 1-year high of $71.32. The company’s fifty day moving average is $63.46 and its two-hundred day moving average is $65.11. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.18.

Ball (NYSE:BALL) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.74 EPS for the quarter, topping the consensus estimate 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 net margin of 32.79% and a return on equity of 19.45%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Equities analysts anticipate that Ball Co. will post 3.12 EPS for the current year.

Ball Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.80 annualized dividend and a dividend yield of 1.20%. Ball’s dividend payout ratio is currently 6.02%.

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.