7,327 Shares in Ball Corporation (NYSE:BALL) Bought by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in shares of Ball Corporation (NYSE:BALL - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,327 shares of the company's stock, valued at approximately $382,000.

Several other institutional investors have also bought and sold shares of BALL. GAMMA Investing LLC lifted its position in Ball by 6.0% in the first quarter. GAMMA Investing LLC now owns 3,852 shares of the company's stock worth $201,000 after buying an additional 219 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Ball by 51.3% in the first quarter. Farther Finance Advisors LLC now owns 1,474 shares of the company's stock valued at $77,000 after acquiring an additional 500 shares during the period. Toth Financial Advisory Corp lifted its holdings in shares of Ball by 0.6% in the 1st quarter. Toth Financial Advisory Corp now owns 53,359 shares of the company's stock worth $2,778,000 after acquiring an additional 325 shares during the last quarter. Whipplewood Advisors LLC lifted its holdings in shares of Ball by 764.9% in the 1st quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock worth $42,000 after acquiring an additional 719 shares during the last quarter. Finally, Gradient Investments LLC boosted its stake in shares of Ball by 2.6% during the 1st quarter. Gradient Investments LLC now owns 226,953 shares of the company's stock worth $11,817,000 after purchasing an additional 5,828 shares during the period. Institutional investors own 86.51% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Truist Financial decreased their price objective on shares of Ball from $65.00 to $58.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. UBS Group reduced their price target on Ball from $55.00 to $54.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Mizuho dropped their price objective on Ball from $63.00 to $58.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Royal Bank Of Canada upped their price objective on Ball from $62.00 to $63.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, Barclays reduced their target price on Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.00.

Ball Stock Down 0.4%

Shares of BALL traded down $0.21 during midday trading on Wednesday, reaching $56.77. 1,904,308 shares of the stock were exchanged, compared to its average volume of 2,215,448. The company has a market capitalization of $15.75 billion, a P/E ratio of 33.79, a PEG ratio of 1.52 and a beta of 1.08. The company has a current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.10. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $68.12. The company's 50 day moving average is $52.69 and its two-hundred day moving average is $52.65.

Ball (NYSE:BALL - Get Free Report) last released its quarterly earnings data 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 company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $2.91 billion. Ball had a net margin of 4.18% and a return on equity of 15.41%. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. On average, sell-side analysts anticipate that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend 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 presently 47.62%.

Ball 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.