Motley Fool Wealth Management LLC Cuts Position in Ball Corporation (NYSE:BALL)

Key Points

• Motley Fool Wealth Management LLC reduced its stake in Ball Corporation by 4.9%, owning 119,866 shares valued at approximately $6.24 million.
• Ball Corporation recently announced a quarterly dividend of $0.20 per share, translating to an annualized dividend of $0.80 and a yield of 1.5%.
• Several analysts have adjusted their price targets for Ball Corporation, with Mizuho increasing it from $60.00 to $68.00, indicating a generally positive outlook on the stock.

Motley Fool Wealth Management LLC lessened its holdings in Ball Corporation (NYSE:BALL - Free Report) by 4.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,866 shares of the company's stock after selling 6,162 shares during the period. Motley Fool Wealth Management LLC's holdings in Ball were worth $6,241,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BALL. JPMorgan Chase & Co. raised its holdings in shares of Ball by 44.2% in the 1st quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company's stock worth $416,681,000 after purchasing an additional 2,453,630 shares during the period. London Co. of Virginia raised its holdings in shares of Ball by 61.1% in the 4th quarter. London Co. of Virginia now owns 3,054,393 shares of the company's stock worth $168,389,000 after purchasing an additional 1,158,668 shares during the period. DekaBank Deutsche Girozentrale raised 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 worth $60,299,000 after purchasing an additional 926,728 shares during the period. Nuveen LLC bought a new stake in shares of Ball in the 1st quarter worth approximately $47,606,000. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Ball in the 4th quarter worth approximately $30,883,000. Hedge funds and other institutional investors own 86.51% of the company's stock.

Ball Stock Performance

NYSE BALL opened at $54.06 on Monday. The company has a 50-day simple moving average of $56.65 and a two-hundred day simple moving average of $53.16. The company has a quick ratio of 0.67, a current ratio of 1.00 and a debt-to-equity ratio of 1.23. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $68.12. The firm has a market cap of $14.71 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 1.23 and a beta of 1.08.

Ball (NYSE:BALL - Get Free Report) last posted its 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 company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.10 billion. Ball had a net margin of 4.49% and a return on equity of 16.81%. Ball's revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 earnings per share. On average, equities analysts forecast that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Mizuho boosted their target price on shares of Ball from $60.00 to $68.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Royal Bank Of Canada boosted their target price on shares of Ball from $69.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday. Truist Financial boosted their target price on shares of Ball from $62.00 to $69.00 and gave the company a "buy" rating in a report on Friday, July 11th. Loop Capital lowered their target price 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. Finally, Citigroup boosted their target price on shares of Ball from $55.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, July 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Ball has an average rating of "Moderate Buy" and an average target price of $65.27.

Ball 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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