Sei Investments Co. Sells 18,943 Shares of Ball Co. (NYSE:BALL)

Sei Investments Co. lowered its stake in shares of Ball Co. (NYSE:BALL - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 460,567 shares of the company's stock after selling 18,943 shares during the period. Sei Investments Co. owned 0.15% of Ball worth $25,392,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management boosted its position in Ball by 68.9% in the 4th quarter. Picton Mahoney Asset Management now owns 522 shares of the company's stock valued at $29,000 after buying an additional 213 shares during the last quarter. Venturi Wealth Management LLC increased its position in Ball by 328.4% in the 4th quarter. Venturi Wealth Management LLC now owns 664 shares of the company's stock valued at $37,000 after acquiring an additional 509 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Ball in the 3rd quarter worth approximately $66,000. Hager Investment Management Services LLC acquired a new stake in Ball during the fourth quarter valued at approximately $76,000. Finally, ORG Wealth Partners LLC lifted its stake in Ball by 298.9% during the fourth quarter. ORG Wealth Partners LLC now owns 1,428 shares of the company's stock valued at $79,000 after buying an additional 1,070 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BALL shares. Citigroup cut their price target on shares of Ball from $69.00 to $59.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Robert W. Baird dropped their target price on shares of Ball from $70.00 to $63.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Barclays decreased their price objective on shares of Ball from $72.00 to $61.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company reissued an "underweight" rating and issued a $49.00 target price (down from $56.00) on shares of Ball in a research note on Thursday, January 16th. Finally, Morgan Stanley cut their price target on Ball from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $63.30.

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Ball Price Performance

NYSE BALL traded down $0.61 during trading on Friday, hitting $51.45. 1,765,814 shares of the company's stock were exchanged, compared to its average volume of 2,032,346. The company has a market cap of $14.53 billion, a PE ratio of 4.06, a P/E/G ratio of 1.24 and a beta of 0.99. The company has a current ratio of 1.00, a quick ratio of 0.69 and a debt-to-equity ratio of 0.90. Ball Co. has a fifty-two week low of $48.95 and a fifty-two week high of $71.32. The stock's 50 day moving average price is $52.18 and its two-hundred day moving average price is $57.93.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.03. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.92 billion. Ball had a return on equity of 16.17% and a net margin of 33.98%. The business's revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the firm posted $0.78 earnings per share. Research analysts expect that Ball Co. will post 3.48 EPS for the current year.

Ball announced that its Board of Directors has approved a share buyback program on Wednesday, January 29th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 24.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Monday, March 3rd. Ball's payout ratio is 6.32%.

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.