Dempze Nancy E Trims Holdings in Ball Corporation (NYSE:BALL)

Dempze Nancy E cut its stake in shares of Ball Corporation (NYSE:BALL - Free Report) by 26.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,400 shares of the company's stock after selling 9,258 shares during the quarter. Dempze Nancy E's holdings in Ball were worth $1,323,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Franklin Resources Inc. increased its stake 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 purchasing an additional 803,728 shares in the last quarter. Invesco Ltd. increased its position in shares of Ball by 25.3% during the fourth quarter. Invesco Ltd. now owns 4,159,436 shares of the company's stock valued at $229,310,000 after purchasing an additional 840,357 shares during the period. Norges Bank acquired a new position in Ball during the 4th quarter valued at about $190,105,000. Dimensional Fund Advisors LP raised its position in shares of Ball by 13.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,055,441 shares of the company's stock worth $168,447,000 after purchasing an additional 367,798 shares during the period. Finally, London Co. of Virginia grew its holdings in shares of Ball by 61.1% during the fourth 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 in the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BALL shares. Truist Financial boosted their target price on Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Barclays lowered their target price on Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 14th. Loop Capital dropped their target price on Ball from $83.00 to $78.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Royal Bank Of Canada increased their price objective on Ball from $62.00 to $63.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Finally, UBS Group raised their price target on shares of Ball from $54.00 to $60.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Ball presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.64.

Ball Stock Up 0.3%

BALL stock opened at $59.87 on Wednesday. Ball Corporation has a 1 year low of $43.51 and a 1 year 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 firm has a market cap of $16.61 billion, a PE ratio of 35.65, a PEG ratio of 1.62 and a beta of 1.08. The company has a fifty day simple moving average of $55.47 and a 200 day simple moving average of $52.82.

Ball (NYSE:BALL - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.76 EPS for the quarter, topping 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 the consensus estimate of $2.91 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. Ball's revenue was up 7.8% compared to the same quarter last year. Sell-side analysts anticipate that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.20 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.34%. Ball's dividend payout ratio is currently 47.62%.

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.

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