Ball Corporation (NYSE:BALL) Shares Sold by Lbp Am Sa

LBP AM SA lowered its stake in Ball Corporation (NYSE:BALL - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 566,168 shares of the company's stock after selling 20,931 shares during the period. LBP AM SA owned approximately 0.20% of Ball worth $29,480,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Greenleaf Trust increased its holdings in Ball by 5.7% during the first quarter. Greenleaf Trust now owns 22,848 shares of the company's stock valued at $1,190,000 after buying an additional 1,236 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of Ball by 359.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,184,629 shares of the company's stock valued at $60,299,000 after acquiring an additional 926,728 shares during the period. Valeo Financial Advisors LLC raised its position in shares of Ball by 8.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 7,649 shares of the company's stock worth $398,000 after acquiring an additional 567 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Ball by 1.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 21,710 shares of the company's stock worth $1,130,000 after acquiring an additional 357 shares in the last quarter. Finally, Eukles Asset Management lifted its stake in shares of Ball by 3.0% during the 1st quarter. Eukles Asset Management now owns 63,380 shares of the company's stock worth $3,300,000 after purchasing an additional 1,834 shares during the last quarter. 86.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Truist Financial boosted their target price on shares of Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a report on Friday. Mizuho cut their price objective on shares of Ball from $63.00 to $58.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Bank of America reissued a "neutral" rating and set a $66.00 target price (down previously from $67.00) on shares of Ball in a research report on Wednesday. Citigroup lifted their price target on shares of Ball from $55.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Finally, 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 report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.36.

Ball Stock Performance

BALL traded down $0.10 on Friday, reaching $58.30. 1,691,300 shares of the stock were exchanged, compared to its average volume of 2,221,140. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.04 and a quick ratio of 0.70. The company's 50-day moving average price is $54.70 and its 200 day moving average price is $52.75. The firm has a market capitalization of $16.17 billion, a PE ratio of 34.70, a PEG ratio of 1.55 and a beta of 1.08. Ball Corporation has a fifty-two week low of $43.51 and a fifty-two week high of $68.12.

Ball (NYSE:BALL - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.76 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company's revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.20 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.37%. Ball's payout ratio 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.