Freestone Capital Holdings LLC Cuts Stock Position in Ball Corporation $BALL

Key Points

• Freestone Capital Holdings LLC reduced its stake in Ball Corporation by 19.7% during the first quarter, now holding 39,892 shares valued at approximately $2.08 million.
• Ball Corporation's stock closed on Monday at $53.83, with a twelve-month price range of $43.51 to $68.12.
• The company recently announced a quarterly dividend of $0.20 per share, with a dividend yield of 1.5% and a payout ratio of 41.45%.

Freestone Capital Holdings LLC lessened its stake in shares of Ball Corporation (NYSE:BALL - Free Report) by 19.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,892 shares of the company's stock after selling 9,775 shares during the quarter. Freestone Capital Holdings LLC's holdings in Ball were worth $2,077,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Evermay Wealth Management LLC raised its position in Ball by 11.5% in 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 in the last quarter. GAMMA Investing LLC boosted its stake in shares of Ball by 6.0% during the first quarter. GAMMA Investing LLC now owns 3,852 shares of the company's stock valued at $201,000 after acquiring an additional 219 shares during the last quarter. Strengthening Families & Communities LLC boosted its stake in shares of Ball by 72.4% during the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company's stock valued at $37,000 after acquiring an additional 297 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Ball by 11.7% during the first quarter. Exchange Traded Concepts LLC now owns 2,938 shares of the company's stock valued at $153,000 after acquiring an additional 307 shares during the last quarter. Finally, Toth Financial Advisory Corp boosted its stake in shares of Ball by 0.6% during the first quarter. Toth Financial Advisory Corp now owns 53,359 shares of the company's stock valued at $2,778,000 after acquiring an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company's stock.

Ball Price Performance

Shares of NYSE BALL opened at $53.83 on Monday. Ball Corporation has a twelve month low of $43.51 and a twelve month high of $68.12. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $14.65 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 1.22 and a beta of 1.08. The business has a 50 day simple moving average of $56.72 and a 200-day simple moving average of $53.09.

Ball (NYSE:BALL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.03. The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.10 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%. The firm's revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.74 EPS. As a group, equities research analysts expect 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 will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 2nd. Ball's payout ratio is currently 41.45%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Barclays decreased their price target on Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 14th. Bank of America reiterated a "neutral" rating and set a $66.00 target price (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. UBS Group raised their target price on Ball from $54.00 to $60.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Royal Bank Of Canada raised their target price on Ball from $69.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Finally, Wells Fargo & Company lifted their price objective on Ball from $50.00 to $54.00 and gave the stock an "underweight" rating in a report on Friday, July 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $65.27.

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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