Edgestream Partners L.P. Sells 56,912 Shares of Ball Corporation (NYSE:BALL)

Edgestream Partners L.P. lowered its stake in Ball Corporation (NYSE:BALL - Free Report) by 74.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,362 shares of the company's stock after selling 56,912 shares during the quarter. Edgestream Partners L.P.'s holdings in Ball were worth $1,008,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. MQS Management LLC acquired a new stake in shares of Ball during the first quarter worth about $625,000. CWM LLC increased its stake in Ball by 36.0% in the first quarter. CWM LLC now owns 27,427 shares of the company's stock valued at $1,428,000 after purchasing an additional 7,259 shares during the last quarter. New York State Common Retirement Fund increased its stake in Ball by 12.2% in the first quarter. New York State Common Retirement Fund now owns 362,051 shares of the company's stock valued at $18,852,000 after purchasing an additional 39,357 shares during the last quarter. SteelPeak Wealth LLC increased its stake in Ball by 176.4% in the first quarter. SteelPeak Wealth LLC now owns 43,792 shares of the company's stock valued at $2,280,000 after purchasing an additional 27,948 shares during the last quarter. Finally, Xponance Inc. grew its position in shares of Ball by 59.0% during the first quarter. Xponance Inc. now owns 75,629 shares of the company's stock worth $3,938,000 after acquiring an additional 28,053 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.

Analyst Upgrades and Downgrades

BALL has been the subject of several research reports. Royal Bank Of Canada lifted their price target on Ball from $62.00 to $63.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Loop Capital lowered their price target on Ball from $83.00 to $78.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Bank of America reiterated a "neutral" rating and set a $66.00 target price (down previously from $67.00) on shares of Ball in a report on Wednesday, July 9th. Mizuho boosted their target price on Ball from $60.00 to $68.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, Truist Financial boosted 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. One analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $64.64.

Ball Stock Performance

Shares of BALL traded down $0.26 during trading hours on Friday, reaching $57.81. 2,130,615 shares of the company traded hands, compared to its average volume of 2,225,471. The stock's fifty day moving average is $55.47 and its 200 day moving average is $52.85. 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 Corporation has a 1-year low of $43.51 and a 1-year high of $68.12. The stock has a market cap of $16.04 billion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 1.62 and a beta of 1.08.

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

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Monday, June 2nd. Ball's dividend payout ratio is 47.62%.

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.