Ball Co. (NYSE:BALL) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its holdings in Ball Co. (NYSE:BALL) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 460,567 shares of the company’s stock after selling 18,943 shares during the quarter. Sei Investments Co. owned 0.15% of Ball worth $25,392,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Picton Mahoney Asset Management lifted its stake in Ball by 68.9% during the fourth quarter. Picton Mahoney Asset Management now owns 522 shares of the company’s stock valued at $29,000 after purchasing an additional 213 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Ball by 328.4% in the fourth quarter. Venturi Wealth Management LLC now owns 664 shares of the company’s stock valued at $37,000 after buying an additional 509 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Ball during the 3rd quarter valued at $66,000. Hager Investment Management Services LLC bought a new stake in shares of Ball during the 4th quarter worth $76,000. Finally, ORG Wealth Partners LLC boosted its stake in shares of Ball by 298.9% during the 4th quarter. ORG Wealth Partners LLC now owns 1,428 shares of the company’s stock worth $79,000 after acquiring an additional 1,070 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

BALL has been the subject of several analyst reports. UBS Group reduced their target price on Ball from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Morgan Stanley reduced their price objective on shares of Ball from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Royal Bank of Canada dropped their target price on shares of Ball from $75.00 to $66.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Truist Financial reduced their price target on shares of Ball from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $49.00 price objective (down from $56.00) on shares of Ball in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Ball has a consensus rating of “Moderate Buy” and a consensus price target of $63.30.

Ball Stock Up 1.9 %

BALL stock opened at $51.34 on Thursday. The company has a 50 day moving average of $52.28 and a two-hundred day moving average of $58.11. The company has a quick ratio of 0.69, a current ratio of 1.00 and a debt-to-equity ratio of 0.90. Ball Co. has a 12-month low of $48.95 and a 12-month high of $71.32. The company has a market cap of $14.50 billion, a price-to-earnings ratio of 4.06, a PEG ratio of 1.24 and a beta of 0.99.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.03. Ball had a return on equity of 16.17% and a net margin of 33.98%. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period last year, the company earned $0.78 earnings per share. Ball’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities analysts anticipate that Ball Co. will post 3.48 earnings per share for the current fiscal year.

Ball Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.80 annualized dividend and a dividend yield of 1.56%. Ball’s dividend payout ratio is 6.32%.

Ball declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 29th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 24.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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.