DekaBank Deutsche Girozentrale Acquires 926,728 Shares of Ball Corporation (NYSE:BALL)

DekaBank Deutsche Girozentrale increased its stake in shares of Ball Corporation (NYSE:BALL - Free Report) by 359.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,184,629 shares of the company's stock after buying an additional 926,728 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.42% of Ball worth $60,299,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BALL. Picton Mahoney Asset Management boosted its position in shares of 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 purchasing an additional 213 shares during the period. Whipplewood Advisors LLC lifted its position in Ball by 764.9% in the first quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock valued at $42,000 after acquiring an additional 719 shares during the last quarter. Parvin Asset Management LLC purchased a new stake in Ball in the fourth quarter valued at $70,000. Farther Finance Advisors LLC boosted its stake in shares of Ball by 51.3% during the first 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 period. Finally, NBC Securities Inc. acquired a new stake in shares of Ball during the first quarter worth about $83,000. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Stock Up 1.1%

BALL traded up $0.66 during midday trading on Thursday, reaching $58.60. 428,181 shares of the company were exchanged, compared to its average volume of 2,217,397. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.70 and a current ratio of 1.04. The company's fifty day moving average price is $54.55 and its 200 day moving average price is $52.73. The company has a market cap of $16.26 billion, a price-to-earnings ratio of 34.88, a price-to-earnings-growth ratio of 1.58 and a beta of 1.08. Ball Corporation has a one year low of $43.51 and a one year high of $68.12.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. Ball had a return on equity of 15.41% and a net margin of 4.18%. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $2.91 billion. During the same period in the prior year, the company earned $0.68 earnings per share. Ball's revenue was up 7.8% compared to the same quarter last year. As a group, analysts expect that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Monday, June 2nd. Ball's payout ratio is currently 47.62%.

Analyst Ratings Changes

BALL has been the subject of a number of research analyst reports. Truist Financial dropped their target price 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. Barclays lowered their target price on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 14th. Wells Fargo & Company upped their price objective on Ball from $44.00 to $50.00 and gave the stock an "underweight" rating in a report on Wednesday, May 7th. Citigroup upped their price target on shares of Ball from $55.00 to $63.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Finally, Loop Capital decreased 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 investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $62.36.

About Ball

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.