Skandinaviska Enskilda Banken AB publ Sells 4,811 Shares of Ball Corporation (NYSE:BALL)

Skandinaviska Enskilda Banken AB publ trimmed its position in shares of Ball Corporation (NYSE:BALL - Free Report) by 6.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,677 shares of the company's stock after selling 4,811 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Ball were worth $3,368,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Whipplewood Advisors LLC boosted 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 valued at $42,000 after purchasing an additional 719 shares in the last quarter. Parvin Asset Management LLC acquired a new position in shares of Ball in the fourth quarter worth approximately $70,000. Farther Finance Advisors LLC lifted its stake 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 worth $77,000 after acquiring an additional 500 shares during the period. NBC Securities Inc. acquired a new position in shares of Ball in the first quarter worth approximately $83,000. Finally, MorganRosel Wealth Management LLC acquired a new position 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 Price Performance

Shares of BALL opened at $58.66 on Tuesday. 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 Corporation has a 52-week low of $43.51 and a 52-week high of $68.12. The business's 50 day moving average price is $56.14 and its two-hundred day moving average price is $53.05. The firm has a market cap of $16.27 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 1.65 and a beta of 1.08.

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

Ball Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Monday, June 2nd. Ball's payout ratio is 47.62%.

Analyst Ratings Changes

BALL has been the topic of a number of recent analyst reports. Loop Capital cut their price objective on Ball from $83.00 to $78.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Bank of America reaffirmed a "neutral" rating and issued a $66.00 price objective (down from $67.00) on shares of Ball in a research note on Wednesday, July 9th. Barclays cut their price objective on Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 14th. Truist Financial lifted their price objective on Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Wells Fargo & Company lifted their price objective on Ball from $50.00 to $54.00 and gave the stock an "underweight" rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $64.64.

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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