Ball Corporation $BALL Shares Sold by Keybank National Association OH

Keybank National Association OH trimmed its position in shares of Ball Corporation (NYSE:BALLFree Report) by 33.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,095 shares of the company’s stock after selling 24,287 shares during the period. Keybank National Association OH’s holdings in Ball were worth $2,475,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Ball by 2.6% during the second quarter. JPMorgan Chase & Co. now owns 8,210,060 shares of the company’s stock worth $460,502,000 after acquiring an additional 207,733 shares during the last quarter. Norges Bank acquired a new stake in Ball during the 2nd quarter valued at approximately $192,463,000. Mirova US LLC increased its holdings in Ball by 4.9% during the 2nd quarter. Mirova US LLC now owns 2,669,081 shares of the company’s stock worth $149,709,000 after purchasing an additional 124,814 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Ball by 1.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,141,399 shares of the company’s stock valued at $107,969,000 after purchasing an additional 29,586 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Ball by 55.1% in the second quarter. Bank of America Corp DE now owns 2,055,094 shares of the company’s stock worth $115,270,000 after buying an additional 730,462 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball News Roundup

Here are the key news stories impacting Ball this week:

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Raymond James Financial started coverage on shares of Ball in a report on Wednesday, October 15th. They set a “market perform” rating for the company. UBS Group boosted their price objective on Ball from $55.00 to $58.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Bank of America raised Ball from a “neutral” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Monday, November 17th. Wells Fargo & Company upgraded Ball from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $48.00 to $60.00 in a report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. dropped their price target on Ball from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Ball presently has an average rating of “Moderate Buy” and a consensus price target of $62.83.

Check Out Our Latest Stock Report on BALL

Ball Stock Down 0.2%

NYSE:BALL opened at $56.74 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 1.26. The stock has a 50 day moving average of $52.88 and a 200-day moving average of $51.71. The firm has a market capitalization of $15.21 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 1.12 and a beta of 1.13. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $60.28.

Ball (NYSE:BALLGet Free Report) last released its quarterly earnings data on Tuesday, November 4th. The company reported $1.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.02. Ball had a return on equity of 17.89% and a net margin of 5.36%.The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. Analysts predict that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, March 2nd. Ball’s dividend payout ratio (DPR) is 32.52%.

About Ball

(Free Report)

Ball Corporation is a leading provider of sustainable aluminum packaging solutions and advanced aerospace technologies. Headquartered in Broomfield, Colorado, the company serves customers in the beverage, food and aerosol markets through a global network of manufacturing facilities. With an emphasis on sustainability and innovation, Ball designs and produces metal cans, bottles and ends that support recycling and reduce environmental impact.

The company’s packaging segment specializes in beverage cans for soft drinks, beer and energy drinks, as well as metal packaging for food and personal care applications.

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Institutional Ownership by Quarter for Ball (NYSE:BALL)

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