Envestnet Asset Management Inc. Sells 10,858 Shares of Ball Corporation (NYSE:BALL)

Envestnet Asset Management Inc. lowered its stake in Ball Corporation (NYSE:BALL - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 342,672 shares of the company's stock after selling 10,858 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.12% of Ball worth $17,843,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. GAMMA Investing LLC lifted its position in Ball by 6.0% in the 1st quarter. GAMMA Investing LLC now owns 3,852 shares of the company's stock worth $201,000 after buying an additional 219 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in Ball by 11.7% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,938 shares of the company's stock worth $153,000 after buying an additional 307 shares during the last quarter. Toth Financial Advisory Corp increased its stake in Ball by 0.6% in the 1st quarter. Toth Financial Advisory Corp now owns 53,359 shares of the company's stock worth $2,778,000 after purchasing an additional 325 shares during the period. Fifth Third Bancorp lifted its position in Ball by 5.7% in the first quarter. Fifth Third Bancorp now owns 8,467 shares of the company's stock valued at $441,000 after purchasing an additional 457 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its position in Ball by 7.5% in the first quarter. Vontobel Holding Ltd. now owns 6,828 shares of the company's stock valued at $356,000 after purchasing an additional 475 shares during the last quarter. Institutional investors own 86.51% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BALL. Loop Capital cut their price target on shares of Ball from $83.00 to $78.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Royal Bank Of Canada upped 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. Wells Fargo & Company upped their price target on Ball from $50.00 to $54.00 and gave the stock an "underweight" rating in a research note on Friday. Truist Financial increased 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. Finally, UBS Group increased their target price on Ball from $54.00 to $60.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $64.64.

Ball Stock Performance

BALL stock traded down $0.26 during trading on Friday, reaching $57.81. The stock had a trading volume of 2,130,615 shares, compared to its average volume of 2,218,622. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $68.12. The stock's 50 day moving average is $55.35 and its two-hundred day moving average is $52.83. 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 $16.04 billion, a PE ratio of 34.41, a PEG ratio of 1.63 and a beta of 1.08.

Ball (NYSE:BALL - Get Free Report) last posted its quarterly earnings data 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 return on equity of 15.41% and a net margin of 4.18%. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter last year, the company earned $0.68 earnings per share. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities analysts anticipate that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Monday, June 2nd. Ball's dividend payout ratio (DPR) 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.