Sei Investments Co. Sells 7,045 Shares of Ball Co. (NYSE:BALL)

Sei Investments Co. cut its stake in Ball Co. (NYSE:BALL) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 491,655 shares of the company’s stock after selling 7,045 shares during the period. Sei Investments Co. owned 0.16% of Ball worth $29,509,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BALL. 9258 Wealth Management LLC bought a new stake in Ball in the fourth quarter valued at approximately $210,000. UBS Group AG boosted its holdings in shares of Ball by 69.7% during the 4th quarter. UBS Group AG now owns 592,488 shares of the company’s stock worth $34,080,000 after buying an additional 243,404 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Ball by 8.2% during the 4th quarter. Wells Fargo & Company MN now owns 429,928 shares of the company’s stock worth $24,729,000 after buying an additional 32,475 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Ball during the 4th quarter worth approximately $1,557,000. Finally, Franklin Resources Inc. boosted its holdings in shares of Ball by 1.1% during the 4th quarter. Franklin Resources Inc. now owns 141,498 shares of the company’s stock worth $8,139,000 after buying an additional 1,527 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BALL has been the topic of a number of research analyst reports. Robert W. Baird upgraded Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price target on the stock in a report on Wednesday, August 14th. Wells Fargo & Company cut their price target on Ball from $64.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 17th. Citigroup cut their price target on Ball from $73.00 to $66.00 and set a “neutral” rating on the stock in a report on Monday, July 8th. Morgan Stanley upgraded Ball from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $69.00 to $78.00 in a report on Wednesday, September 4th. Finally, Baird R W raised Ball from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.83.

Ball Trading Up 1.4 %

NYSE BALL opened at $67.23 on Tuesday. The firm has a market capitalization of $20.87 billion, a P/E ratio of 5.06, a PEG ratio of 1.64 and a beta of 0.88. The business has a fifty day simple moving average of $63.83 and a 200 day simple moving average of $65.16. Ball Co. has a 12 month low of $42.81 and a 12 month high of $71.32. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79.

Ball (NYSE:BALL) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.74 EPS for the quarter, beating 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%. Ball’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. On average, analysts predict that Ball Co. will post 3.12 EPS for the current fiscal year.

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.19%. Ball’s dividend payout ratio (DPR) is presently 6.02%.

About Ball

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.