Deutsche Bank AG Acquires 360,802 Shares of Ball Co. (NYSE:BALL)

Deutsche Bank AG increased its position in shares of Ball Co. (NYSE:BALL - Free Report) by 39.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,278,849 shares of the company's stock after acquiring an additional 360,802 shares during the quarter. Deutsche Bank AG owned about 0.43% of Ball worth $70,503,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BALL. Picton Mahoney Asset Management increased its holdings in Ball by 68.9% in the fourth quarter. Picton Mahoney Asset Management now owns 522 shares of the company's stock valued at $29,000 after purchasing an additional 213 shares during the last quarter. Venturi Wealth Management LLC lifted its stake 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 in the last quarter. Parvin Asset Management LLC acquired a new position in Ball during the fourth quarter worth $70,000. Hager Investment Management Services LLC bought a new position in shares of Ball in the 4th quarter valued at about $76,000. Finally, Evermay Wealth Management LLC increased its position in shares of Ball by 35.1% during the 4th quarter. Evermay Wealth Management LLC now owns 1,743 shares of the company's stock worth $96,000 after purchasing an additional 453 shares during the last quarter. Institutional investors own 86.51% of the company's stock.

Ball Trading Up 0.7%

NYSE:BALL traded up $0.39 on Friday, reaching $53.76. 1,800,658 shares of the stock traded hands, compared to its average volume of 2,139,517. The firm has a market capitalization of $14.91 billion, a price-to-earnings ratio of 4.25, a price-to-earnings-growth ratio of 1.24 and a beta of 1.10. Ball Co. has a 1-year low of $43.51 and a 1-year high of $70.80. The company has a current ratio of 1.00, a quick ratio of 0.69 and a debt-to-equity ratio of 0.90. The company's 50 day moving average is $50.26 and its 200-day moving average is $54.01.

Ball (NYSE:BALL - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.07. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $2.91 billion. Ball had a net margin of 33.98% and a return on equity of 16.17%. Ball's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 earnings per share. Equities research analysts anticipate that Ball Co. will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Monday, June 2nd. Ball's dividend payout ratio is 47.62%.

Ball declared that its board has initiated a share repurchase 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 generally a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have issued reports on BALL shares. Robert W. Baird dropped their price objective on Ball from $70.00 to $63.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Truist Financial dropped their price target on shares of Ball from $65.00 to $58.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Royal Bank of Canada increased their price objective 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. Mizuho lowered their price target on Ball from $63.00 to $58.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Finally, Loop Capital lowered their price objective on shares of Ball from $83.00 to $78.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Ball has a consensus rating of "Moderate Buy" and an average target price of $61.00.

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.