Cwm LLC Acquires 7,259 Shares of Ball Corporation (NYSE:BALL)

CWM LLC boosted its position in shares of Ball Corporation (NYSE:BALL - Free Report) by 36.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,427 shares of the company's stock after buying an additional 7,259 shares during the quarter. CWM LLC's holdings in Ball were worth $1,428,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in Ball by 12.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,718 shares of the company's stock worth $2,044,000 after purchasing an additional 4,289 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in Ball by 5.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 122,483 shares of the company's stock valued at $6,378,000 after acquiring an additional 5,841 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Ball by 12.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 55,997 shares of the company's stock worth $2,916,000 after acquiring an additional 6,106 shares in the last quarter. PFG Investments LLC acquired a new position in Ball during the first quarter worth approximately $307,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Ball by 19.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,481 shares of the company's stock valued at $1,171,000 after purchasing an additional 3,676 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Price Performance

Ball stock traded down $0.39 during midday trading on Thursday, reaching $59.23. The company's stock had a trading volume of 413,646 shares, compared to its average volume of 2,625,489. The stock's 50 day simple moving average is $55.83 and its 200 day simple moving average is $52.94. Ball Corporation has a fifty-two week low of $43.51 and a fifty-two week high of $68.12. The firm has a market capitalization of $16.43 billion, a PE ratio of 35.29, a P/E/G ratio of 1.67 and a beta of 1.08. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.70 and a current ratio of 1.04.

Ball (NYSE:BALL - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.07. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $2.91 billion. Ball had a return on equity of 15.41% and a net margin of 4.18%. The business's quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $0.68 EPS. On average, equities research analysts forecast that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.20 per share. 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 1.35%. Ball's dividend payout ratio (DPR) is currently 47.62%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BALL shares. UBS Group increased their target price on Ball from $54.00 to $60.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Truist Financial lifted their target price on Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Bank of America restated a "neutral" rating and set a $66.00 target price (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Wells Fargo & Company boosted their price target on Ball from $50.00 to $54.00 and gave the company an "underweight" rating in a research note on Friday, July 18th. Finally, Mizuho upped their price objective on Ball from $60.00 to $68.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $64.64.

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.