Broderick Brian C Has $623,000 Stock Position in Ball Corporation (NYSE:BALL)

Broderick Brian C cut its stake in Ball Corporation (NYSE:BALL - Free Report) by 73.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,958 shares of the company's stock after selling 33,346 shares during the period. Broderick Brian C's holdings in Ball were worth $623,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Ball by 41.2% in the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company's stock valued at $289,000 after purchasing an additional 1,531 shares during the last quarter. Empowered Funds LLC grew its position in Ball by 10.9% in the 4th quarter. Empowered Funds LLC now owns 5,577 shares of the company's stock valued at $307,000 after buying an additional 546 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Ball by 10.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 17,135 shares of the company's stock valued at $933,000 after buying an additional 1,559 shares during the period. Principal Securities Inc. raised its position in Ball by 18.1% during the 4th quarter. Principal Securities Inc. now owns 4,139 shares of the company's stock worth $228,000 after buying an additional 633 shares during the last quarter. Finally, Allworth Financial LP raised its position in Ball by 338.4% during the 4th quarter. Allworth Financial LP now owns 4,441 shares of the company's stock worth $241,000 after buying an additional 3,428 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.

Ball Stock Performance

Ball stock traded up $0.55 during mid-day trading on Wednesday, reaching $55.86. The company's stock had a trading volume of 3,376,172 shares, compared to its average volume of 2,227,308. The firm has a market cap of $15.50 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 1.50 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 business has a 50 day moving average price of $51.81 and a 200-day moving average price of $52.79. The company has a current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.10.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter last year, the business posted $0.68 EPS. The business's revenue was up 7.8% on a year-over-year basis. Sell-side analysts predict that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.43%. Ball's dividend payout ratio (DPR) is 47.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BALL shares. Truist Financial lowered their price objective on Ball from $65.00 to $58.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Barclays reduced their price target on Ball from $61.00 to $57.00 and set an "equal weight" rating for the company in a report on Wednesday, May 14th. Royal Bank Of Canada upped their price objective on Ball from $62.00 to $63.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Wells Fargo & Company increased their price objective on Ball from $44.00 to $50.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 7th. Finally, Loop Capital decreased 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.