Meiji Yasuda Asset Management Co Ltd. Has $311,000 Stock Holdings in Ball Co. (NYSE:BALL)

Meiji Yasuda Asset Management Co Ltd. trimmed its position in Ball Co. (NYSE:BALL) by 20.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,185 shares of the company’s stock after selling 1,297 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Ball were worth $311,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky acquired a new stake in shares of Ball during the 1st quarter worth approximately $47,000. Friedenthal Financial bought a new stake in shares of Ball during the 2nd quarter valued at $47,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Ball in the 2nd quarter valued at $72,000. Deseret Mutual Benefit Administrators boosted its position in shares of Ball by 17.0% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 1,280 shares of the company’s stock worth $77,000 after purchasing an additional 186 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Ball by 58.6% during the second quarter. Blue Trust Inc. now owns 1,521 shares of the company’s stock worth $91,000 after purchasing an additional 562 shares during the period. 86.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

BALL has been the topic of several analyst reports. UBS Group increased their target price on Ball from $56.00 to $59.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th. Truist Financial restated a “buy” rating and set a $78.00 price objective (up previously from $76.00) on shares of Ball in a report on Friday, August 2nd. Robert W. Baird upgraded shares of Ball from a “neutral” rating to an “outperform” rating and set a $70.00 target price on the stock in a report on Wednesday, August 14th. Royal Bank of Canada reduced 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. Finally, Morgan Stanley upgraded shares of Ball from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $69.00 to $78.00 in a research report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.83.

Ball Trading Down 1.2 %

NYSE:BALL opened at $66.31 on Friday. The company has a market cap of $20.58 billion, a P/E ratio of 4.99, a price-to-earnings-growth ratio of 1.64 and a beta of 0.88. Ball Co. has a twelve month low of $42.81 and a twelve month high of $71.32. The business has a 50 day moving average price of $63.70 and a two-hundred day moving average price of $65.14. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.79.

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. Ball had a net margin of 32.79% and a return on equity of 19.45%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. The firm’s revenue was down 3.5% on a year-over-year basis. As a group, analysts expect that Ball Co. will post 3.12 EPS for the current fiscal year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a $0.20 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.21%. Ball’s dividend payout ratio is 6.02%.

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.