Mutual of America Capital Management LLC Cuts Stake in Ball Corporation (NYSE:BALL)

Mutual of America Capital Management LLC lowered its position in shares of Ball Corporation (NYSE:BALL) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,699 shares of the company’s stock after selling 1,047 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ball were worth $1,807,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of BALL. Brighton Jones LLC raised its position in Ball by 41.2% during the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock worth $289,000 after buying an additional 1,531 shares during the last quarter. Intech Investment Management LLC purchased a new position in Ball during the 4th quarter worth $980,000. Quantbot Technologies LP raised its position in Ball by 113.8% during the 4th quarter. Quantbot Technologies LP now owns 55,422 shares of the company’s stock worth $3,055,000 after buying an additional 29,495 shares during the last quarter. Mizuho Securities USA LLC grew its stake in shares of Ball by 43.7% during the 4th quarter. Mizuho Securities USA LLC now owns 28,284 shares of the company’s stock worth $1,559,000 after purchasing an additional 8,599 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Ball during the 4th quarter worth $5,822,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

BALL has been the topic of a number of recent analyst reports. Barclays lowered their price target on shares of Ball from $61.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 14th. Mizuho upped their price target on shares of Ball from $60.00 to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Truist Financial upped their price target on shares of Ball from $62.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Loop Capital lowered their price target on shares of Ball from $83.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada upped their price target on shares of Ball from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.64.

Ball Stock Down 0.4%

Shares of NYSE:BALL opened at $57.81 on Monday. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $16.04 billion, a P/E ratio of 34.41, a P/E/G ratio of 1.62 and a beta of 1.08. Ball Corporation has a 52-week low of $43.51 and a 52-week high of $68.12. The stock’s fifty day simple moving average is $55.47 and its 200-day simple moving average is $52.82.

Ball (NYSE:BALL) last released its earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. Ball had a net margin of 4.18% and a return on equity of 15.41%. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same period in the prior year, the firm earned $0.68 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts forecast that Ball Corporation 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, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.20 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.38%. Ball’s dividend payout ratio is currently 47.62%.

Ball 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.