AMG National Trust Bank cut its position in Ball Corporation (NYSE:BALL - Free Report) by 1.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,362,560 shares of the company's stock after selling 25,667 shares during the period. Ball comprises 2.0% of AMG National Trust Bank's portfolio, making the stock its 11th largest holding. AMG National Trust Bank owned approximately 0.48% of Ball worth $70,949,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Lipe & Dalton lifted its position in Ball by 1.9% during the first quarter. Lipe & Dalton now owns 48,628 shares of the company's stock valued at $2,532,000 after purchasing an additional 900 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Ball by 116.3% in the 1st quarter. Larson Financial Group LLC now owns 1,990 shares of the company's stock worth $104,000 after buying an additional 1,070 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in Ball by 4.5% in the 1st quarter. Wealthfront Advisers LLC now owns 23,711 shares of the company's stock worth $1,235,000 after purchasing an additional 1,013 shares in the last quarter. Mosaic Family Wealth Partners LLC acquired a new stake in Ball in the 1st quarter worth approximately $1,499,000. Finally, MQS Management LLC purchased a new position in shares of Ball during the first quarter worth $625,000. 86.51% of the stock is owned by hedge funds and other institutional investors.
Ball Stock Performance
BALL traded down $0.26 during trading hours on Friday, hitting $57.81. 2,130,615 shares of the stock were exchanged, compared to its average volume of 2,225,471. The stock has a 50-day simple moving average of $55.47 and a 200-day simple moving average of $52.85. Ball Corporation has a 12 month low of $43.51 and a 12 month high of $68.12. The stock has a market cap of $16.04 billion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 1.62 and a beta of 1.08. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.04 and a quick ratio of 0.70.
Ball (NYSE:BALL - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $2.91 billion. Ball had a return on equity of 15.41% and a net margin of 4.18%. The company's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. Analysts anticipate that Ball Corporation will post 3.48 earnings per share for the current year.
Ball Announces Dividend
The company also recently declared 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Monday, June 2nd. Ball's dividend payout ratio (DPR) is presently 47.62%.
Analyst Ratings Changes
A number of research firms have weighed in on BALL. Bank of America restated a "neutral" rating and set a $66.00 price objective (down from $67.00) on shares of Ball in a research report on Wednesday, July 9th. Truist Financial increased their price target on shares of Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Wells Fargo & Company increased their price target on shares of Ball from $50.00 to $54.00 and gave the company an "underweight" rating in a research note on Friday. Mizuho raised their target price on shares of Ball from $60.00 to $68.00 and gave the stock an "outperform" rating in a research report on Tuesday. Finally, Loop Capital lowered their target price on shares of Ball from $83.00 to $78.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Ball currently has an average rating of "Moderate Buy" and an average price target of $64.64.
Check Out Our Latest Analysis on Ball
Ball 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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