Kentucky Retirement Systems Has $1.44 Million Stock Holdings in Ball Co. (NYSE:BALL)

Kentucky Retirement Systems lowered its position in Ball Co. (NYSE:BALL) by 9.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,148 shares of the company’s stock after selling 2,241 shares during the quarter. Kentucky Retirement Systems’ holdings in Ball were worth $1,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Federated Hermes Inc. raised its stake in shares of Ball by 0.9% during the second quarter. Federated Hermes Inc. now owns 18,941 shares of the company’s stock valued at $1,137,000 after acquiring an additional 162 shares during the last quarter. Fifth Third Bancorp raised its position in Ball by 2.0% during the 2nd quarter. Fifth Third Bancorp now owns 8,743 shares of the company’s stock worth $525,000 after purchasing an additional 174 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in Ball by 17.0% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 1,280 shares of the company’s stock worth $77,000 after buying an additional 186 shares during the period. Opal Wealth Advisors LLC grew its position in shares of Ball by 7.6% in the 3rd quarter. Opal Wealth Advisors LLC now owns 3,033 shares of the company’s stock valued at $206,000 after buying an additional 215 shares during the last quarter. Finally, Empirical Finance LLC increased its stake in shares of Ball by 2.0% in the third quarter. Empirical Finance LLC now owns 10,969 shares of the company’s stock valued at $745,000 after buying an additional 216 shares during the period. Institutional investors own 86.51% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on BALL shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Ball in a research note on Monday, November 4th. Mizuho reduced their price objective on shares of Ball from $69.00 to $67.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Truist Financial reissued a “buy” rating and set a $78.00 target price (up previously from $76.00) on shares of Ball in a research note on Friday, August 2nd. Morgan Stanley raised shares of Ball from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $69.00 to $78.00 in a research report on Wednesday, September 4th. Finally, Citigroup lifted their price objective on Ball from $66.00 to $69.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.75.

Ball Stock Down 0.1 %

Shares of NYSE BALL opened at $60.86 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.09 and a quick ratio of 0.82. Ball Co. has a 1 year low of $51.65 and a 1 year high of $71.32. The stock has a market capitalization of $18.16 billion, a P/E ratio of 4.59, a P/E/G ratio of 1.53 and a beta of 0.90. The company has a 50-day moving average price of $64.44 and a 200-day moving average price of $64.53.

Ball (NYSE:BALL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Ball had a return on equity of 17.46% and a net margin of 34.05%. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the company posted $0.83 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities research analysts forecast that Ball Co. will post 3.15 EPS for the current fiscal year.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.31%. Ball’s payout ratio is 6.03%.

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.