Schroder Investment Management Group Sells 92,471 Shares of Ball Co. (NYSE:BALL)

Schroder Investment Management Group lowered its stake in shares of Ball Co. (NYSE:BALLFree Report) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,376,975 shares of the company’s stock after selling 92,471 shares during the quarter. Schroder Investment Management Group owned approximately 0.44% of Ball worth $79,204,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Ball in the 4th quarter worth about $168,372,000. Boston Partners bought a new stake in shares of Ball in the fourth quarter valued at approximately $109,022,000. Parnassus Investments LLC lifted its stake in shares of Ball by 5.0% during the 4th quarter. Parnassus Investments LLC now owns 21,062,707 shares of the company’s stock valued at $1,211,527,000 after buying an additional 998,527 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Ball by 146.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,470,641 shares of the company’s stock worth $71,730,000 after buying an additional 874,325 shares during the period. Finally, Mirova US LLC boosted its holdings in Ball by 49.2% in the 4th quarter. Mirova US LLC now owns 2,527,925 shares of the company’s stock worth $145,406,000 after buying an additional 833,494 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Price Performance

Shares of NYSE BALL traded down $1.32 during trading hours on Friday, reaching $68.47. 1,533,702 shares of the stock traded hands, compared to its average volume of 1,669,448. The company’s 50-day simple moving average is $67.96 and its two-hundred day simple moving average is $62.42. The company has a market capitalization of $21.25 billion, a P/E ratio of 5.15, a price-to-earnings-growth ratio of 1.92 and a beta of 0.90. 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 0.93, a current ratio of 1.21 and a debt-to-equity ratio of 0.75.

Ball (NYSE:BALLGet Free Report) last announced its quarterly earnings data on Friday, April 26th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.12. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $3.23 billion. Ball had a net margin of 31.42% and a return on equity of 21.79%. The business’s quarterly revenue was down 17.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS. Equities research analysts forecast that Ball Co. will post 3.09 EPS for the current year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Monday, June 3rd. Ball’s dividend payout ratio (DPR) is presently 6.02%.

Ball declared that its Board of Directors has approved a stock repurchase plan on Wednesday, April 24th that permits the company to buyback 40,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have issued reports on BALL shares. Wolfe Research started coverage on Ball in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Royal Bank of Canada lifted their target price on Ball from $74.00 to $82.00 and gave the company an “outperform” rating in a report on Monday, April 29th. JPMorgan Chase & Co. raised their price objective on shares of Ball from $59.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Morgan Stanley initiated coverage on shares of Ball in a report on Monday, March 18th. They set an “equal weight” rating and a $68.00 target price on the stock. Finally, Truist Financial raised their price target on shares of Ball from $60.00 to $67.00 and gave the company a “hold” rating in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $69.23.

Check Out Our Latest Analysis on BALL

Insider Activity at Ball

In other news, insider Daniel William Fisher bought 3,869 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were purchased at an average price of $64.56 per share, for a total transaction of $249,782.64. Following the completion of the acquisition, the insider now owns 111,866 shares of the company’s stock, valued at $7,222,068.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Ball news, Director Pedro Henrique Mariani sold 5,000 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $69.90, for a total value of $349,500.00. Following the completion of the sale, the director now owns 9,844 shares in the company, valued at approximately $688,095.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Daniel William Fisher bought 3,869 shares of Ball stock in a transaction dated Thursday, March 14th. The shares were acquired at an average cost of $64.56 per share, for a total transaction of $249,782.64. Following the completion of the purchase, the insider now directly owns 111,866 shares of the company’s stock, valued at approximately $7,222,068.96. The disclosure for this purchase can be found here. 0.81% of the stock is currently owned by company insiders.

About Ball

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Ball (NYSE:BALL)

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