Victory Capital Management Inc. Sells 50,021 Shares of Ball Co. (NYSE:BALL)

Victory Capital Management Inc. cut its stake in Ball Co. (NYSE:BALL) by 27.3% in the second quarter, Holdings Channel.com reports. The firm owned 133,175 shares of the company’s stock after selling 50,021 shares during the quarter. Victory Capital Management Inc.’s holdings in Ball were worth $7,993,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BALL. Fifth Third Bancorp grew its holdings in shares of Ball by 2.0% during the second quarter. Fifth Third Bancorp now owns 8,743 shares of the company’s stock worth $525,000 after buying an additional 174 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Ball by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 34,206 shares of the company’s stock worth $2,304,000 after acquiring an additional 175 shares in the last quarter. SYSTM Wealth Solutions LLC raised its holdings in shares of Ball by 0.7% in the first quarter. SYSTM Wealth Solutions LLC now owns 26,470 shares of the company’s stock valued at $1,783,000 after purchasing an additional 179 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its position in shares of Ball by 17.0% in the second quarter. Deseret Mutual Benefit Administrators now owns 1,280 shares of the company’s stock worth $77,000 after purchasing an additional 186 shares in the last quarter. Finally, Greenleaf Trust boosted its holdings in Ball by 0.9% during the first quarter. Greenleaf Trust now owns 22,581 shares of the company’s stock worth $1,521,000 after purchasing an additional 193 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

Shares of NYSE BALL opened at $66.00 on Monday. Ball Co. has a one year low of $42.81 and a one year high of $71.32. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.18 and a quick ratio of 0.88. The firm has a market cap of $20.48 billion, a price-to-earnings ratio of 4.97, a P/E/G ratio of 1.64 and a beta of 0.88. The stock’s fifty day moving average price is $63.01 and its two-hundred day moving average price is $65.05.

Ball (NYSE:BALL) last announced its earnings results on Thursday, August 1st. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Ball had a net margin of 32.79% and a return on equity of 19.45%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the firm earned $0.61 earnings per share. On average, equities analysts forecast that Ball Co. will post 3.12 EPS for the current year.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.21%. Ball’s payout ratio is 6.02%.

Analysts Set New Price Targets

Several equities research analysts have commented on BALL shares. Wells Fargo & Company cut their price target on shares of Ball from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 17th. Baird R W upgraded Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Citigroup dropped their price objective on Ball from $73.00 to $66.00 and set a “neutral” rating on the stock in a research note on Monday, July 8th. UBS Group raised their target price on shares of Ball from $56.00 to $59.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada dropped their price target on shares of Ball from $80.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Ball currently has an average rating of “Moderate Buy” and an average price target of $70.83.

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.