WCM Investment Management LLC Acquires Shares of 4,349 Ball Corporation (NYSE:BALL)

WCM Investment Management LLC acquired a new position in Ball Corporation (NYSE:BALL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,349 shares of the company's stock, valued at approximately $224,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Ball by 41.2% in the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company's stock worth $289,000 after purchasing an additional 1,531 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Ball in the fourth quarter worth about $2,401,000. SRS Capital Advisors Inc. lifted its position in shares of Ball by 367.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,058 shares of the company's stock worth $113,000 after buying an additional 1,618 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Ball by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,891,046 shares of the company's stock worth $104,253,000 after buying an additional 36,809 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in Ball by 106.2% during the 4th quarter. Assetmark Inc. now owns 75,932 shares of the company's stock valued at $4,186,000 after buying an additional 39,100 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BALL. Truist Financial decreased their price objective on Ball from $65.00 to $58.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company increased their price objective on shares of Ball from $44.00 to $50.00 and gave the company an "underweight" rating in a research report on Wednesday, May 7th. Mizuho reduced their target price on shares of Ball from $63.00 to $58.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. UBS Group lowered their price target on shares of Ball from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Finally, Royal Bank Of Canada lifted their price target on Ball from $62.00 to $63.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $61.40.

Ball Trading Down 0.2%

NYSE:BALL traded down $0.13 during mid-day trading on Friday, hitting $58.61. 876,958 shares of the stock traded hands, compared to its average volume of 2,219,318. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.10. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $68.12. The stock has a market capitalization of $16.26 billion, a price-to-earnings ratio of 34.89, a PEG ratio of 1.58 and a beta of 1.08. The firm's 50 day moving average is $53.98 and its two-hundred day moving average is $52.67.

Ball (NYSE:BALL - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $2.91 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities research analysts predict that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Monday, June 2nd. Ball's dividend payout ratio (DPR) is 47.62%.

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.