Ball Corporation (NYSE:BALL) Holdings Cut by Trillium Asset Management LLC

Key Points

• Trillium Asset Management LLC reduced its stake in Ball Corporation by 96.5%, selling 371,551 shares and retaining 13,480 shares worth $702,000 as of the end of the last quarter.
• Ball Corporation's stock has seen a recent performance improvement, reporting $0.90 earnings per share for the last quarter, surpassing estimates, with a 12.8% increase in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.20, scheduled for payment on September 16th, indicating a 1.5% yield for investors.

Trillium Asset Management LLC reduced its position in shares of Ball Corporation (NYSE:BALL - Free Report) by 96.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,480 shares of the company's stock after selling 371,551 shares during the quarter. Trillium Asset Management LLC's holdings in Ball were worth $702,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BALL. Cary Street Partners Investment Advisory LLC bought a new stake in Ball during the first quarter valued at about $32,000. Strengthening Families & Communities LLC boosted its stake in shares of Ball by 72.4% in the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company's stock worth $37,000 after acquiring an additional 297 shares during the period. Whipplewood Advisors LLC boosted its stake in shares of Ball by 764.9% in the first quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock worth $42,000 after acquiring an additional 719 shares during the period. Federated Hermes Inc. boosted its stake in shares of Ball by 40.4% in the first quarter. Federated Hermes Inc. now owns 1,311 shares of the company's stock worth $68,000 after acquiring an additional 377 shares during the period. Finally, Parvin Asset Management LLC bought a new position in shares of Ball in the fourth quarter worth about $70,000. 86.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BALL. UBS Group boosted their target price on Ball from $54.00 to $60.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Mizuho increased their price target on Ball from $60.00 to $68.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Barclays reduced their price objective on Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 14th. Truist Financial lifted their price target on Ball from $62.00 to $69.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, Royal Bank Of Canada raised their price objective on Ball from $69.00 to $70.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $65.27.

Ball Trading Up 0.4%

BALL traded up $0.19 during trading on Friday, hitting $53.83. The company's stock had a trading volume of 1,398,771 shares, compared to its average volume of 2,517,731. The firm's 50 day moving average price is $56.72 and its 200-day moving average price is $53.13. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67. The stock has a market cap of $14.65 billion, a PE ratio of 27.89, a PEG ratio of 1.22 and a beta of 1.08. Ball Corporation has a twelve month low of $43.51 and a twelve month high of $68.12.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. Ball had a net margin of 4.49% and a return on equity of 16.81%. The company had revenue of $3.34 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same period in the previous year, the company earned $0.74 EPS. The business's quarterly revenue was up 12.8% compared to the same quarter last year. On average, analysts expect that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 2nd. Ball's dividend payout ratio is 41.45%.

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.