Universal Beteiligungs und Servicegesellschaft mbH Has $12.64 Million Stake in Ball Corporation (NYSE:BALL)

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Ball Corporation (NYSE:BALL - Free Report) by 31.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 242,714 shares of the company's stock after acquiring an additional 57,709 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Ball worth $12,638,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. GAMMA Investing LLC grew its holdings in shares of Ball by 6.0% during the 1st quarter. GAMMA Investing LLC now owns 3,852 shares of the company's stock valued at $201,000 after acquiring an additional 219 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Ball by 11.7% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,938 shares of the company's stock valued at $153,000 after acquiring an additional 307 shares in the last quarter. Toth Financial Advisory Corp grew its holdings in shares of Ball by 0.6% during the 1st quarter. Toth Financial Advisory Corp now owns 53,359 shares of the company's stock valued at $2,778,000 after acquiring an additional 325 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Ball by 1.7% in the first quarter. Crossmark Global Holdings Inc. now owns 21,710 shares of the company's stock worth $1,130,000 after purchasing an additional 357 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Ball by 0.4% in the first quarter. Nisa Investment Advisors LLC now owns 113,601 shares of the company's stock worth $5,915,000 after purchasing an additional 416 shares in the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BALL shares. Barclays decreased their price objective on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating for the company in a report on Wednesday, May 14th. Truist Financial upped their price objective on shares of Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Mizuho upped their price objective on shares of Ball from $60.00 to $68.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Citigroup upped 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. Finally, Wells Fargo & Company upped their price objective on shares of Ball from $50.00 to $54.00 and gave the stock an "underweight" rating in a report on Friday, July 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Ball presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.64.

Ball Price Performance

NYSE:BALL traded down $0.16 during mid-day trading on Monday, hitting $58.86. The company's stock had a trading volume of 220,807 shares, compared to its average volume of 2,613,281. 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. The company has a market capitalization of $16.33 billion, a price-to-earnings ratio of 35.07, a P/E/G ratio of 1.65 and a beta of 1.08. The stock has a fifty day moving average of $56.05 and a 200-day moving average of $53.01.

Ball (NYSE:BALL - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.76 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter in the previous year, the company earned $0.68 EPS. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities analysts forecast that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

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