Kentucky Retirement Systems Raises Stock Holdings in Ball Co. (NYSE:BLL)

Kentucky Retirement Systems boosted its holdings in Ball Co. (NYSE:BLLGet Rating) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,888 shares of the industrial products company’s stock after buying an additional 402 shares during the quarter. Kentucky Retirement Systems’ holdings in Ball were worth $1,915,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Clearstead Advisors LLC raised its position in Ball by 1,357.9% in the 3rd quarter. Clearstead Advisors LLC now owns 277 shares of the industrial products company’s stock worth $25,000 after buying an additional 258 shares during the last quarter. BerganKDV Wealth Management LLC increased its position in shares of Ball by 117.9% during the 4th quarter. BerganKDV Wealth Management LLC now owns 486 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 263 shares during the last quarter. Paragon Capital Management Ltd purchased a new stake in shares of Ball during the 4th quarter valued at about $48,000. Creative Financial Designs Inc. ADV increased its position in shares of Ball by 546.5% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 556 shares of the industrial products company’s stock valued at $54,000 after purchasing an additional 470 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Ball by 129.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 566 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 319 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE BLL traded down $1.04 during midday trading on Monday, reaching $86.11. 1,040,571 shares of the stock traded hands, compared to its average volume of 1,821,710. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.88 and a quick ratio of 0.58. The stock has a market capitalization of $27.66 billion, a PE ratio of 32.60, a P/E/G ratio of 4.37 and a beta of 0.50. Ball Co. has a one year low of $77.95 and a one year high of $98.09. The company’s 50 day moving average is $90.16 and its 200 day moving average is $91.43.

Ball (NYSE:BLLGet Rating) last posted its earnings results on Thursday, January 27th. The industrial products company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.07. The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.54 billion. Ball had a return on equity of 31.47% and a net margin of 6.36%. The company’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.81 EPS. As a group, equities analysts forecast that Ball Co. will post 3.99 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 1st were given a dividend of $0.20 per share. The ex-dividend date was Monday, February 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.93%. Ball’s dividend payout ratio is currently 30.19%.

In related news, VP Nate C. Carey sold 8,563 shares of the firm’s stock in a transaction on Thursday, February 17th. The stock was sold at an average price of $91.90, for a total value of $786,939.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Betty J. Sapp purchased 1,362 shares of the stock in a transaction that occurred on Thursday, March 10th. The stock was bought at an average price of $85.55 per share, with a total value of $116,519.10. The disclosure for this purchase can be found here. Insiders have bought a total of 15,862 shares of company stock valued at $1,381,499 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Several equities research analysts have recently commented on the stock. Citigroup reduced their price target on shares of Ball from $104.00 to $96.00 in a research report on Friday, April 8th. Truist Financial increased their target price on shares of Ball from $100.00 to $105.00 in a report on Wednesday, January 12th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Ball from $102.00 to $98.00 in a report on Monday. Zacks Investment Research raised shares of Ball from a “sell” rating to a “hold” rating and set a $93.00 target price for the company in a report on Friday, April 8th. Finally, Mizuho increased their target price on shares of Ball from $102.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, January 28th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $103.33.

Ball Company Profile (Get Rating)

Ball Corp. provides metal packaging for beverages, foods, and household products. It operates through the following business segments: Beverage Packaging North and Central America, Beverage Packaging South America, Beverage Packaging Europe, Middle East and Africa (EMEA), and Aerospace. The Beverage Packaging North and Central America segment includes multi-year supply contracts to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.

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Institutional Ownership by Quarter for Ball (NYSE:BLL)

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