Sky Investment Group LLC Lowers Position in Ball Co. (NYSE:BALL)

Sky Investment Group LLC trimmed its position in shares of Ball Co. (NYSE:BALL) by 21.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,470 shares of the company’s stock after selling 1,780 shares during the quarter. Sky Investment Group LLC’s holdings in Ball were worth $357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Peterson Financial Group Inc. bought a new position in shares of Ball during the third quarter valued at about $30,000. Catalyst Capital Advisors LLC bought a new position in shares of Ball during the 3rd quarter worth approximately $47,000. Quarry LP boosted its stake in shares of Ball by 598.6% in the 2nd quarter. Quarry LP now owns 999 shares of the company’s stock worth $60,000 after buying an additional 856 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Ball in the third quarter valued at approximately $66,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Ball by 334.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $68,000 after acquiring an additional 815 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on BALL shares. Morgan Stanley reduced their price objective on Ball from $78.00 to $75.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Royal Bank of Canada restated an “outperform” rating and set a $75.00 price target on shares of Ball in a research report on Monday, November 4th. Citigroup lowered their price objective on shares of Ball from $69.00 to $59.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. UBS Group raised shares of Ball from a “sell” rating to a “neutral” rating and reduced their target price for the company from $62.00 to $58.00 in a research report on Friday, January 10th. Finally, Mizuho raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price target on the stock in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.17.

Ball Trading Up 0.1 %

Shares of BALL opened at $54.33 on Tuesday. The business’s 50-day moving average price is $57.69 and its 200-day moving average price is $61.61. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79. Ball Co. has a twelve month low of $51.96 and a twelve month high of $71.32. The stock has a market cap of $16.21 billion, a PE ratio of 4.10, a P/E/G ratio of 1.24 and a beta of 0.93.

Ball (NYSE:BALL) last posted its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. The business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 EPS. On average, equities analysts forecast that Ball Co. will post 3.15 EPS for the current fiscal year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.47%. The ex-dividend date was Monday, December 2nd. Ball’s payout ratio is 6.03%.

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.