Wealthquest Corp Invests $3.84 Million in Ball Corporation (NYSE:BALL)

Wealthquest Corp purchased a new position in Ball Corporation (NYSE:BALL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 73,734 shares of the company's stock, valued at approximately $3,839,000. Ball makes up 0.4% of Wealthquest Corp's holdings, making the stock its 18th biggest position.

Several other institutional investors have also recently made changes to their positions in the stock. Franklin Resources Inc. boosted its holdings in Ball by 11.6% in the 4th quarter. Franklin Resources Inc. now owns 7,758,604 shares of the company's stock worth $427,732,000 after buying an additional 803,728 shares during the period. Invesco Ltd. boosted its stake in shares of Ball by 25.3% in the fourth quarter. Invesco Ltd. now owns 4,159,436 shares of the company's stock worth $229,310,000 after acquiring an additional 840,357 shares during the period. Norges Bank purchased a new stake in shares of Ball during the fourth quarter worth about $190,105,000. Dimensional Fund Advisors LP raised its stake in Ball by 13.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,055,441 shares of the company's stock valued at $168,447,000 after purchasing an additional 367,798 shares during the period. Finally, London Co. of Virginia lifted its holdings in Ball by 61.1% in the 4th quarter. London Co. of Virginia now owns 3,054,393 shares of the company's stock worth $168,389,000 after purchasing an additional 1,158,668 shares in the last quarter. Institutional investors own 86.51% of the company's stock.

Ball Trading Down 0.4%

Shares of NYSE BALL traded down $0.21 during trading hours on Wednesday, hitting $56.77. 1,905,009 shares of the company traded hands, compared to its average volume of 2,215,448. The stock has a market capitalization of $15.75 billion, a price-to-earnings ratio of 33.79, a price-to-earnings-growth ratio of 1.52 and a beta of 1.08. The company's 50 day moving average price is $52.69 and its 200 day moving average price is $52.65. Ball Corporation has a 12 month low of $43.51 and a 12 month high of $68.12. 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 (NYSE:BALL - Get Free Report) last released its earnings results 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 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 business's revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $0.68 EPS. On average, equities research analysts anticipate that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently announced 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 47.62%.

Analyst Ratings Changes

A number of brokerages have issued reports on BALL. Wells Fargo & Company increased their price objective on shares of Ball from $44.00 to $50.00 and gave the company an "underweight" rating in a report on Wednesday, May 7th. Truist Financial reduced their price target on shares of Ball from $65.00 to $58.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Mizuho dropped their price objective on shares of Ball from $63.00 to $58.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. UBS Group cut their price objective on Ball from $55.00 to $54.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Finally, Barclays decreased their target price on Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $61.00.

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.