MQS Management LLC Takes Position in Ball Corporation (NYSE:BALL)

MQS Management LLC acquired a new stake in Ball Corporation (NYSE:BALL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,997 shares of the company's stock, valued at approximately $625,000.

Several other hedge funds have also bought and sold shares of the stock. Picton Mahoney Asset Management raised its stake in shares of Ball by 68.9% during the fourth quarter. Picton Mahoney Asset Management now owns 522 shares of the company's stock worth $29,000 after acquiring an additional 213 shares in the last quarter. Whipplewood Advisors LLC raised its stake 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 acquiring an additional 719 shares in the last quarter. Parvin Asset Management LLC purchased a new position in shares of Ball during the fourth quarter worth approximately $70,000. Farther Finance Advisors LLC raised its stake in shares of Ball by 51.3% during the first quarter. Farther Finance Advisors LLC now owns 1,474 shares of the company's stock worth $77,000 after acquiring an additional 500 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in shares of Ball during the first quarter worth approximately $83,000. 86.51% of the stock is currently owned by institutional investors.

Ball Price Performance

NYSE BALL opened at $58.30 on Friday. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $68.12. The firm has a market capitalization of $16.17 billion, a P/E ratio of 34.70, a PEG ratio of 1.63 and a beta of 1.08. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.10. The company has a 50-day moving average price of $54.83 and a 200-day moving average price of $52.74.

Ball (NYSE:BALL - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share (EPS) 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 company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $2.91 billion. During the same period in the prior year, the firm posted $0.68 EPS. The firm's quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that Ball Corporation will post 3.48 earnings per share for the current 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 issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Monday, June 2nd. Ball's dividend payout ratio (DPR) is currently 47.62%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of Ball from $44.00 to $50.00 and gave the stock an "underweight" rating in a research note on Wednesday, May 7th. Mizuho reduced 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. Royal Bank Of Canada boosted their price objective 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. Truist Financial boosted their price objective on shares of Ball from $62.00 to $69.00 and gave the company a "buy" rating in a research report on Friday. Finally, Loop Capital dropped 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. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ball presently has a consensus rating of "Moderate Buy" and a consensus price target of $63.36.

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.

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