Mosaic Family Wealth Partners LLC Invests $1.50 Million in Ball Corporation (NYSE:BALL)

Mosaic Family Wealth Partners LLC acquired a new stake in shares of Ball Corporation (NYSE:BALL - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 28,787 shares of the company's stock, valued at approximately $1,499,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Picton Mahoney Asset Management lifted its stake in shares of Ball by 68.9% in the 4th quarter. Picton Mahoney Asset Management now owns 522 shares of the company's stock valued at $29,000 after purchasing an additional 213 shares during the period. Whipplewood Advisors LLC grew its holdings in shares of Ball by 764.9% during the first quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock worth $42,000 after buying an additional 719 shares in the last quarter. Parvin Asset Management LLC purchased a new stake in shares of Ball during the fourth quarter worth $70,000. Farther Finance Advisors LLC grew its holdings 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 purchasing an additional 500 shares during the period. Finally, NBC Securities Inc. purchased a new stake in shares of Ball in the first quarter valued at about $83,000. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BALL. Loop Capital dropped 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. Bank of America reissued a "neutral" rating and set a $66.00 price target (down previously from $67.00) on shares of Ball in a research report on Wednesday, July 9th. Wells Fargo & Company raised their target price on shares of Ball from $44.00 to $50.00 and gave the company an "underweight" rating in a report on Wednesday, May 7th. UBS Group raised their target price on shares of Ball from $54.00 to $60.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Finally, Citigroup raised their price objective on shares of Ball from $55.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $64.27.

Ball Stock Performance

Shares of Ball stock traded up $0.67 during trading on Wednesday, reaching $58.27. The company's stock had a trading volume of 1,678,868 shares, compared to its average volume of 2,217,450. The company has a 50-day moving average price of $55.23 and a two-hundred day moving average price of $52.81. The firm has a market cap of $16.17 billion, a PE ratio of 34.69, a P/E/G ratio of 1.61 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 current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.10.

Ball (NYSE:BALL - Get Free Report) last posted 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. 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 analyst estimates of $2.91 billion. During the same period last year, the firm posted $0.68 EPS. Ball's quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts forecast that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.20 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.37%. Ball's payout ratio is currently 47.62%.

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.