Norris Perne & French LLP MI Buys 127,180 Shares of Ball Corporation (NYSE:BALL)

Norris Perne & French LLP MI increased its stake in shares of Ball Corporation (NYSE:BALL - Free Report) by 45.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 406,314 shares of the company's stock after acquiring an additional 127,180 shares during the period. Ball accounts for about 1.6% of Norris Perne & French LLP MI's holdings, making the stock its 24th largest position. Norris Perne & French LLP MI owned about 0.14% of Ball worth $21,157,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Picton Mahoney Asset Management lifted its position in Ball by 68.9% during the 4th quarter. Picton Mahoney Asset Management now owns 522 shares of the company's stock worth $29,000 after acquiring an additional 213 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of Ball by 328.4% in the fourth quarter. Venturi Wealth Management LLC now owns 664 shares of the company's stock valued at $37,000 after purchasing an additional 509 shares during the last quarter. Whipplewood Advisors LLC increased its stake in shares of Ball by 764.9% in the first quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock worth $42,000 after purchasing an additional 719 shares during the period. Parvin Asset Management LLC acquired a new position in shares of Ball during the 4th quarter worth about $70,000. Finally, Farther Finance Advisors LLC boosted its stake in Ball by 51.3% during the 1st 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. 86.51% of the stock is owned by institutional investors.

Ball Trading Up 1.0%

Shares of BALL stock opened at $55.86 on Thursday. The firm has a fifty day moving average of $51.99 and a 200-day moving average of $52.81. The stock has a market cap of $15.50 billion, a price-to-earnings ratio of 33.25, a P/E/G ratio of 1.49 and a beta of 1.08. Ball Corporation has a 52-week low of $43.51 and a 52-week high of $68.12. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.70 and a current ratio of 1.04.

Ball (NYSE:BALL - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. Ball had a return on equity of 15.41% and a net margin of 4.18%. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter last year, the company earned $0.68 EPS. Ball's revenue was up 7.8% on a year-over-year basis. On average, equities research analysts forecast that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Monday, June 2nd. Ball's payout ratio is currently 47.62%.

Analysts Set New Price Targets

A number of brokerages have recently commented on BALL. UBS Group cut their price target on Ball from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Royal Bank Of Canada boosted their target price on shares of Ball from $62.00 to $63.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Truist Financial reduced their price target on shares of Ball from $65.00 to $58.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Barclays decreased their price target on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 14th. Finally, 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 research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.