Ball Corporation (NYSE:BALL) Stock Position Raised by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its holdings in Ball Corporation by 20.7%, now owning 601,522 shares valued at approximately $31.31 million.
• Analyst ratings for Ball Corporation vary, with six analysts issuing a "buy" rating, four a "hold" rating, and one a "sell" rating, yielding a current consensus price target of $65.27.
• Ball Corporation recently declared a quarterly dividend of $0.20 per share, representing an annualized dividend yield of 1.5% and a payout ratio of 41.45%.

Russell Investments Group Ltd. lifted its holdings in shares of Ball Corporation (NYSE:BALL - Free Report) by 20.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 601,522 shares of the company's stock after buying an additional 103,022 shares during the period. Russell Investments Group Ltd. owned 0.22% of Ball worth $31,313,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BALL. JPMorgan Chase & Co. boosted its stake in Ball by 44.2% during the 1st quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company's stock valued at $416,681,000 after purchasing an additional 2,453,630 shares during the period. Invesco Ltd. boosted its stake in Ball by 5.1% during the 1st quarter. Invesco Ltd. now owns 4,370,274 shares of the company's stock valued at $227,560,000 after purchasing an additional 210,838 shares during the period. Dimensional Fund Advisors LP boosted 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. London Co. of Virginia boosted its stake in Ball by 61.1% during the 4th quarter. London Co. of Virginia now owns 3,054,393 shares of the company's stock valued at $168,389,000 after purchasing an additional 1,158,668 shares during the period. Finally, Northern Trust Corp boosted its stake in Ball by 15.1% during the 4th quarter. Northern Trust Corp now owns 3,026,421 shares of the company's stock valued at $166,847,000 after purchasing an additional 396,633 shares during the period. Institutional investors own 86.51% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on BALL. Truist Financial boosted their target price on shares of Ball from $62.00 to $69.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Royal Bank Of Canada boosted their target price on shares of Ball from $69.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Bank of America reissued a "neutral" rating and set a $66.00 target price (down from $67.00) on shares of Ball in a research note on Wednesday, July 9th. Citigroup boosted their target price on shares of Ball from $55.00 to $63.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Finally, UBS Group upped their price target on shares of Ball from $54.00 to $60.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Ball currently has a consensus rating of "Hold" and a consensus price target of $65.27.

Ball Trading Up 0.4%

Shares of NYSE:BALL opened at $53.83 on Friday. The company has a 50 day moving average of $56.72 and a 200-day moving average of $53.13. The firm has a market cap of $14.65 billion, a P/E ratio of 27.89, a P/E/G 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. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23.

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

Ball Announces Dividend

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

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.

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