Cambridge Investment Research Advisors Inc. Raises Position in Ball Corporation (NYSE:BALL)

Cambridge Investment Research Advisors Inc. grew its position in shares of Ball Corporation (NYSE:BALL - Free Report) by 12.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 55,997 shares of the company's stock after acquiring an additional 6,106 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Ball were worth $2,916,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in Ball during the fourth quarter worth about $190,105,000. Raymond James Financial Inc. bought a new stake in shares of Ball in the 4th quarter worth approximately $94,861,000. London Co. of Virginia grew its stake in shares of Ball by 61.1% in the 4th quarter. London Co. of Virginia now owns 3,054,393 shares of the company's stock worth $168,389,000 after buying an additional 1,158,668 shares during the last quarter. Invesco Ltd. increased its position in Ball by 25.3% during the 4th quarter. Invesco Ltd. now owns 4,159,436 shares of the company's stock valued at $229,310,000 after buying an additional 840,357 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Ball by 11.6% during the 4th quarter. Franklin Resources Inc. now owns 7,758,604 shares of the company's stock valued at $427,732,000 after buying an additional 803,728 shares in the last quarter. Institutional investors own 86.51% of the company's stock.

Ball Stock Performance

Shares of BALL stock opened at $56.41 on Monday. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.10. The company has a 50 day moving average price of $53.26 and a 200-day moving average price of $52.60. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $68.12. The firm has a market capitalization of $15.65 billion, a PE ratio of 33.58, a P/E/G ratio of 1.51 and a beta of 1.08.

Ball (NYSE:BALL - Get Free Report) last issued its 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. The company had revenue of $3.10 billion for the quarter, compared to analysts' expectations of $2.91 billion. Ball had a net margin of 4.18% and a return on equity of 15.41%. The firm's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $0.68 earnings per share. As a group, equities research analysts expect that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BALL. Barclays cut their target price on Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 14th. Loop Capital dropped their price target on shares of Ball from $83.00 to $78.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Truist Financial reduced their price objective on shares of Ball from $65.00 to $58.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company lifted their target price on shares of Ball from $44.00 to $50.00 and gave the stock an "underweight" rating in a report on Wednesday, May 7th. Finally, Royal Bank Of Canada increased their price target on shares of Ball from $62.00 to $63.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $61.00.

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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