Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 12,983 Shares of Ball Corporation (NYSE:BALL)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its stake in shares of Ball Corporation (NYSE:BALL - Free Report) by 27.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,900 shares of the company's stock after selling 12,983 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Ball were worth $1,693,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Bank of Stockton raised its stake in shares of Ball by 8.7% during the 1st quarter. Bank of Stockton now owns 5,953 shares of the company's stock worth $310,000 after purchasing an additional 476 shares during the period. Balefire LLC increased its holdings in Ball by 22.7% during the first quarter. Balefire LLC now owns 46,291 shares of the company's stock worth $2,410,000 after buying an additional 8,572 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in Ball by 7.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 280,076 shares of the company's stock worth $14,584,000 after acquiring an additional 19,465 shares during the period. Wealthquest Corp bought a new stake in Ball in the first quarter worth about $3,839,000. Finally, Asset Management One Co. Ltd. boosted its stake in Ball by 5.0% in the first quarter. Asset Management One Co. Ltd. now owns 122,483 shares of the company's stock valued at $6,378,000 after acquiring an additional 5,841 shares during the last quarter. Institutional investors own 86.51% of the company's stock.

Ball Stock Performance

NYSE BALL opened at $57.02 on Friday. The company's 50 day simple moving average is $53.08 and its two-hundred day simple moving average is $52.68. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.04 and a quick ratio of 0.70. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $68.12. The stock has a market capitalization of $15.82 billion, a PE ratio of 33.94, a P/E/G ratio of 1.52 and a beta of 1.08.

Ball (NYSE:BALL - Get Free Report) last released its quarterly 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. Ball had a net margin of 4.18% and a return on equity of 15.41%. The firm had revenue of $3.10 billion for the quarter, compared to analysts' expectations of $2.91 billion. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The business's quarterly revenue was up 7.8% on a year-over-year basis. Analysts predict 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. Shareholders of record on Monday, June 2nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.40%. Ball's payout ratio is currently 47.62%.

Analyst Ratings Changes

BALL has been the subject of several research analyst reports. UBS Group decreased their price target on shares of Ball from $55.00 to $54.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Wells Fargo & Company lifted their price objective on Ball from $44.00 to $50.00 and gave the stock an "underweight" rating in a report on Wednesday, May 7th. Loop Capital dropped their price objective 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. Barclays cut their target price on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 14th. Finally, Royal Bank Of Canada boosted their price target on shares of Ball from $62.00 to $63.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, three have issued 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, Ball presently has an average rating of "Moderate Buy" and a consensus price target of $61.00.

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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