PFG Investments LLC purchased a new position in shares of Ball Corporation (NYSE:BALL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,890 shares of the company's stock, valued at approximately $307,000.
A number of other large investors have also recently bought and sold shares of the business. Picton Mahoney Asset Management raised its position in Ball by 68.9% during the 4th quarter. Picton Mahoney Asset Management now owns 522 shares of the company's stock worth $29,000 after buying an additional 213 shares during the last quarter. Venturi Wealth Management LLC raised its position in Ball by 328.4% during the 4th quarter. Venturi Wealth Management LLC now owns 664 shares of the company's stock worth $37,000 after buying an additional 509 shares during the last quarter. Whipplewood Advisors LLC raised its position in Ball by 764.9% during the 1st quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock worth $42,000 after buying an additional 719 shares during the last quarter. Parvin Asset Management LLC purchased a new position in Ball during the 4th quarter worth $70,000. Finally, Farther Finance Advisors LLC raised its position in Ball by 51.3% during the 1st quarter. Farther Finance Advisors LLC now owns 1,474 shares of the company's stock worth $77,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.
Wall Street Analysts Forecast Growth
BALL has been the subject of a number of analyst reports. Mizuho cut their price objective on shares of Ball from $63.00 to $58.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Loop Capital cut their price target on shares of Ball from $83.00 to $78.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Royal Bank Of Canada increased their price target on shares of Ball from $62.00 to $63.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Barclays cut their price target on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating for the company in a report on Wednesday, May 14th. Finally, Truist Financial cut their price target on shares of Ball from $65.00 to $58.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Ball currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.00.
Read Our Latest Report on Ball
Ball Price Performance
NYSE BALL opened at $56.77 on Thursday. The stock's 50-day moving average price is $52.89 and its two-hundred day moving average price is $52.68. The company has a current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.10. The company has a market cap of $15.75 billion, a PE ratio of 33.79, a PEG ratio of 1.53 and a beta of 1.08. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $68.12.
Ball (NYSE:BALL - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.91 billion. Ball had a return on equity of 15.41% and a net margin of 4.18%. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 EPS. On average, analysts predict that Ball Corporation will post 3.48 EPS for the current year.
Ball Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.20 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.41%. Ball's dividend payout ratio is 47.62%.
Ball Company Profile
(
Free Report)
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.
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