DAVENPORT & Co LLC Has $1.17 Million Holdings in Ball Corporation (NYSE:BALL)

DAVENPORT & Co LLC trimmed its holdings in shares of Ball Corporation (NYSE:BALL - Free Report) by 61.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,524 shares of the company's stock after selling 36,004 shares during the period. DAVENPORT & Co LLC's holdings in Ball were worth $1,173,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in Ball by 11.6% in the 4th quarter. Franklin Resources Inc. now owns 7,758,604 shares of the company's stock worth $427,732,000 after buying an additional 803,728 shares in the last quarter. Invesco Ltd. lifted its holdings in Ball by 25.3% in the 4th quarter. Invesco Ltd. now owns 4,159,436 shares of the company's stock worth $229,310,000 after buying an additional 840,357 shares in the last quarter. Norges Bank acquired a new position in Ball in the 4th quarter worth $190,105,000. Dimensional Fund Advisors LP lifted its holdings in Ball by 13.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,055,441 shares of the company's stock worth $168,447,000 after buying an additional 367,798 shares in the last quarter. Finally, London Co. of Virginia raised 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 valued at $168,389,000 after purchasing an additional 1,158,668 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Price Performance

Shares of Ball stock traded up $0.38 on Tuesday, hitting $58.79. The company had a trading volume of 2,250,959 shares, compared to its average volume of 2,223,719. The business has a 50-day simple moving average of $54.30 and a 200-day simple moving average of $52.66. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.04 and a quick ratio of 0.70. The company has a market cap of $16.31 billion, a PE ratio of 34.99, a PEG ratio of 1.57 and a beta of 1.08. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $68.12.

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

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Monday, June 2nd. Ball's dividend payout ratio is presently 47.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada upped their target price on shares of Ball from $62.00 to $63.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. UBS Group dropped their price objective on shares of Ball from $55.00 to $54.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Loop Capital decreased their target price on shares of Ball from $83.00 to $78.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Truist Financial decreased their target price on shares of Ball from $65.00 to $58.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Citigroup upped their target price on shares of Ball from $55.00 to $63.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $61.40.

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.