Ball Corporation (NYSE:BALL) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its stake in shares of Ball Corporation (NYSE:BALL - Free Report) by 8.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 545,872 shares of the company's stock after purchasing an additional 44,764 shares during the quarter. Janney Montgomery Scott LLC owned about 0.19% of Ball worth $28,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management increased its position in shares of Ball by 68.9% during the fourth quarter. Picton Mahoney Asset Management now owns 522 shares of the company's stock worth $29,000 after purchasing an additional 213 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Ball by 328.4% during the 4th quarter. Venturi Wealth Management LLC now owns 664 shares of the company's stock worth $37,000 after buying an additional 509 shares during the last quarter. Whipplewood Advisors LLC increased its position in Ball by 764.9% during the 1st quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock valued at $42,000 after buying an additional 719 shares in the last quarter. Parvin Asset Management LLC purchased a new stake in Ball in the fourth quarter valued at about $70,000. Finally, Farther Finance Advisors LLC raised its stake in Ball by 51.3% in the first quarter. Farther Finance Advisors LLC now owns 1,474 shares of the company's stock valued at $77,000 after buying an additional 500 shares during the last quarter. Institutional investors own 86.51% of the company's stock.

Ball Stock Performance

Shares of Ball stock traded up $0.55 during trading on Wednesday, hitting $55.86. 3,376,172 shares of the company's stock were exchanged, compared to its average volume of 2,227,308. The stock has a market capitalization of $15.50 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 1.50 and a beta of 1.08. The business has a 50-day simple moving average of $51.81 and a 200-day simple moving average of $52.79. Ball Corporation has a 52-week low of $43.51 and a 52-week high of $68.12. 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 (NYSE:BALL - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $2.91 billion. Ball had a return on equity of 15.41% and a net margin of 4.18%. The company's revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS. On average, research analysts forecast that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Monday, June 2nd. Ball's dividend payout ratio is currently 47.62%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BALL. Loop Capital dropped their price target on Ball from $83.00 to $78.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Wells Fargo & Company boosted their target price on shares of Ball from $44.00 to $50.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 7th. Barclays cut their price target on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 14th. Truist Financial lowered their price objective on shares of Ball from $65.00 to $58.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, UBS Group cut their target price on Ball from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Ball has a consensus rating of "Moderate Buy" and an average price target of $61.00.

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.