LPL Financial LLC Cuts Position in Ball Corporation (NYSE:BALL)

LPL Financial LLC lowered its holdings in shares of Ball Corporation (NYSE:BALL - Free Report) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 258,661 shares of the company's stock after selling 4,884 shares during the quarter. LPL Financial LLC owned approximately 0.09% of Ball worth $13,468,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Whipplewood Advisors LLC lifted its stake in Ball by 764.9% in 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 acquired a new position in shares of Ball during the fourth quarter valued at approximately $70,000. Farther Finance Advisors LLC lifted its position in shares of 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 acquiring an additional 500 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Ball in the first quarter worth approximately $83,000. Finally, MorganRosel Wealth Management LLC acquired a new stake in shares of Ball in the first quarter worth approximately $91,000. 86.51% of the stock is owned by institutional investors and hedge funds.

Ball Trading Up 2.9%

BALL traded up $1.50 during trading hours on Thursday, reaching $54.05. The company's stock had a trading volume of 3,077,468 shares, compared to its average volume of 2,352,540. The stock has a market cap of $14.99 billion, a PE ratio of 28.01, a P/E/G ratio of 1.44 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. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.70. The business's 50-day moving average is $56.64 and its 200-day moving average is $53.19.

Ball (NYSE:BALL - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.03. The business had revenue of $3.34 billion during the quarter, compared to analysts' expectations of $3.10 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%. The company's revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 EPS. As a group, equities research analysts predict that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Ball's payout ratio is 41.45%.

Wall Street Analysts Forecast Growth

BALL has been the topic of a number of research reports. Bank of America restated a "neutral" rating and issued a $66.00 price objective (down previously from $67.00) on shares of Ball in a report on Wednesday, July 9th. Truist Financial raised their price target on shares of Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Barclays dropped their price objective on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 14th. Loop Capital cut their price objective on shares of Ball from $83.00 to $78.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, Royal Bank Of Canada raised their target price on shares of Ball from $69.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday. 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's stock. Based on data from MarketBeat, Ball currently has a consensus rating of "Moderate Buy" and an average price target of $65.27.

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.