Ball Corporation (NYSE:BALL) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its position in Ball Corporation (NYSE:BALL - Free Report) by 35.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,733,004 shares of the company's stock after purchasing an additional 454,155 shares during the period. Deutsche Bank AG owned approximately 0.61% of Ball worth $90,238,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Evermay Wealth Management LLC grew its holdings in Ball by 11.5% during the first quarter. Evermay Wealth Management LLC now owns 1,943 shares of the company's stock worth $101,000 after acquiring an additional 200 shares during the period. GAMMA Investing LLC grew its holdings in Ball by 6.0% during the first quarter. GAMMA Investing LLC now owns 3,852 shares of the company's stock worth $201,000 after acquiring an additional 219 shares during the period. Exchange Traded Concepts LLC grew its holdings in Ball by 11.7% during the first quarter. Exchange Traded Concepts LLC now owns 2,938 shares of the company's stock worth $153,000 after acquiring an additional 307 shares during the period. Toth Financial Advisory Corp grew its holdings in Ball by 0.6% during the first quarter. Toth Financial Advisory Corp now owns 53,359 shares of the company's stock worth $2,778,000 after acquiring an additional 325 shares during the period. Finally, Notis McConarty Edward grew its holdings in Ball by 0.8% during the first quarter. Notis McConarty Edward now owns 43,790 shares of the company's stock worth $2,280,000 after acquiring an additional 335 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BALL has been the topic of several research analyst reports. Bank of America reissued a "neutral" rating and issued a $66.00 price objective (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Wells Fargo & Company raised their price objective on Ball from $50.00 to $54.00 and gave the company an "underweight" rating in a report on Friday, July 18th. Barclays dropped their price objective on Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 14th. UBS Group raised their price objective on Ball from $54.00 to $60.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Finally, Loop Capital dropped their price objective on Ball from $83.00 to $78.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $65.27.

Ball Price Performance

Shares of NYSE:BALL traded down $0.09 during trading on Friday, reaching $53.55. The stock had a trading volume of 309,934 shares, compared to its average volume of 2,626,862. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00. The business has a fifty day moving average price of $56.72 and a 200-day moving average price of $53.14. The stock has a market cap of $14.57 billion, a PE ratio of 27.76, a PEG ratio of 1.25 and a beta of 1.08. 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 issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.03. The firm had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.10 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%. The business's revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share. On average, equities analysts forecast 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. Investors of record on Tuesday, September 2nd will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.5%. Ball's dividend payout ratio (DPR) is presently 41.45%.

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.