Charles Schwab Investment Management Inc. Increases Stake in Ball Corporation (NYSE:BALL)

Charles Schwab Investment Management Inc. lifted its stake in shares of Ball Corporation (NYSE:BALL - Free Report) by 3.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,952,493 shares of the company's stock after buying an additional 61,447 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.69% of Ball worth $101,666,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BALL. Cary Street Partners Investment Advisory LLC purchased a new position in Ball in the first quarter valued at $32,000. Whipplewood Advisors LLC increased its holdings in Ball by 764.9% in the first quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock valued at $42,000 after buying an additional 719 shares in the last quarter. Federated Hermes Inc. increased its holdings in Ball by 40.4% in the first quarter. Federated Hermes Inc. now owns 1,311 shares of the company's stock valued at $68,000 after buying an additional 377 shares in the last quarter. Parvin Asset Management LLC purchased a new position in Ball in the fourth quarter valued at $70,000. Finally, Farther Finance Advisors LLC increased its holdings in Ball by 51.3% in the first 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 in the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Ball Trading Up 0.4%

NYSE:BALL traded up $0.19 on Friday, hitting $53.83. The stock had a trading volume of 1,398,771 shares, compared to its average volume of 2,517,731. The company has a quick ratio of 0.67, a current ratio of 1.00 and a debt-to-equity ratio of 1.23. The stock has a market cap of $14.65 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 1.22 and a beta of 1.08. The company has a fifty day moving average price of $56.72 and a two-hundred day moving average price of $53.13. Ball Corporation has a 1-year low of $43.51 and a 1-year high of $68.12.

Ball (NYSE:BALL - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.03. The company had revenue of $3.34 billion for 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%. Ball's revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 EPS. Equities research analysts expect that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Truist Financial lifted their price objective on shares of Ball from $62.00 to $69.00 and gave the company a "buy" rating in a report on Friday, July 11th. Barclays cut their target price on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 14th. Bank of America reissued a "neutral" rating and set a $66.00 target price (down previously from $67.00) on shares of Ball in a research note on Wednesday, July 9th. Royal Bank Of Canada boosted their target price on shares of Ball from $69.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Finally, Citigroup boosted their target price on shares of Ball from $55.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. 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 company. Based on data from MarketBeat, Ball currently has an average rating of "Hold" and a consensus price target of $65.27.

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.