Brown Advisory Inc. Cuts Position in Ball Corporation (NYSE:BALL)

Brown Advisory Inc. trimmed its position in Ball Corporation (NYSE:BALL - Free Report) by 29.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,360 shares of the company's stock after selling 11,826 shares during the quarter. Brown Advisory Inc.'s holdings in Ball were worth $1,477,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BALL. Picton Mahoney Asset Management raised 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 buying an additional 213 shares during the period. Whipplewood Advisors LLC raised its holdings in shares of Ball by 764.9% during the 1st quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock valued at $42,000 after buying an additional 719 shares during the period. Parvin Asset Management LLC purchased a new stake in shares of Ball during the 4th quarter valued at about $70,000. Farther Finance Advisors LLC raised its holdings in shares of Ball by 51.3% during the 1st quarter. Farther Finance Advisors LLC now owns 1,474 shares of the company's stock valued at $77,000 after buying an additional 500 shares during the period. Finally, NBC Securities Inc. purchased a new stake in shares of Ball during the 1st quarter valued at about $83,000. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BALL shares. Loop Capital dropped their target price on Ball from $83.00 to $78.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Bank of America restated a "neutral" rating and set a $66.00 price objective (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Truist Financial lifted their price objective on Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a report on Friday. Royal Bank Of Canada lifted 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. Finally, Wells Fargo & Company lifted 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. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.36.

Ball Price Performance

Shares of NYSE BALL opened at $58.30 on Monday. 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 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $16.17 billion, a price-to-earnings ratio of 34.70, a price-to-earnings-growth ratio of 1.63 and a beta of 1.08. The business has a 50 day simple moving average of $54.83 and a 200-day simple moving average of $52.72.

Ball (NYSE:BALL - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $2.91 billion. During the same period in the previous year, the business earned $0.68 EPS. The business's quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts expect that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The company 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. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.37%. Ball's dividend payout ratio (DPR) is 47.62%.

Ball 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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