Ball Corporation (NYSE:BALL) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. decreased its holdings in shares of Ball Corporation (NYSE:BALL - Free Report) by 44.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,554 shares of the company's stock after selling 6,080 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Ball were worth $393,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Picton Mahoney Asset Management lifted its holdings in shares of Ball by 68.9% during the 4th quarter. Picton Mahoney Asset Management now owns 522 shares of the company's stock valued at $29,000 after acquiring an additional 213 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Ball by 6.0% in the 1st quarter. GAMMA Investing LLC now owns 3,852 shares of the company's stock worth $201,000 after buying an additional 219 shares in the last quarter. Jag Capital Management LLC lifted its holdings in Ball by 1.0% in the 4th quarter. Jag Capital Management LLC now owns 26,729 shares of the company's stock worth $1,474,000 after buying an additional 271 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in Ball by 11.7% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,938 shares of the company's stock worth $153,000 after buying an additional 307 shares in the last quarter. Finally, Toth Financial Advisory Corp lifted its holdings in 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 buying an additional 325 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.

Ball Price Performance

BALL opened at $56.41 on Friday. The company has a 50-day moving average of $53.26 and a 200-day moving average of $52.67. The company has a market capitalization of $15.65 billion, a P/E ratio of 33.58, 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. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.70 and a current ratio of 1.04.

Ball (NYSE:BALL - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.07. Ball had a net margin of 4.18% and a return on equity of 15.41%. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter in the previous year, the firm earned $0.68 EPS. The company's revenue was up 7.8% on a year-over-year basis. Equities analysts expect that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Monday, June 2nd. Ball's dividend payout ratio is presently 47.62%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Loop Capital cut their price objective on shares of Ball from $83.00 to $78.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Wells Fargo & Company boosted their price objective on shares of Ball from $44.00 to $50.00 and gave the stock an "underweight" rating in a report on Wednesday, May 7th. Royal Bank Of Canada boosted their price objective on shares of Ball from $62.00 to $63.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Barclays cut their price objective on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 14th. Finally, Truist Financial cut their price objective 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. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.00.

Ball Company 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.

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