73,734 Shares in Ball Corporation (NYSE:BALL) Bought by Wealthquest Corp

Key Points

• Wealthquest Corp acquired a new stake in Ball Corporation, buying 73,734 shares valued at approximately $3.84 million during the 1st quarter, as disclosed in a 13F filing.
• Multiple institutional investors have increased their stakes in Ball Corporation, with 86.51% of the stock owned by institutional investors.
• Ball recently announced a $0.20 quarterly dividend, representing an annualized yield of 1.38%, with the payment scheduled for September 16th.

Wealthquest Corp acquired a new position in shares of Ball Corporation (NYSE:BALL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 73,734 shares of the company's stock, valued at approximately $3,839,000.

Several other large investors have also recently added to or reduced their stakes in BALL. Whipplewood Advisors LLC increased its holdings in shares of Ball by 764.9% in 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. Federated Hermes Inc. boosted its position in Ball by 40.4% in the 1st quarter. Federated Hermes Inc. now owns 1,311 shares of the company's stock valued at $68,000 after buying an additional 377 shares during the last quarter. Parvin Asset Management LLC acquired a new stake in shares of Ball in the 4th quarter valued at $70,000. Farther Finance Advisors LLC raised its position 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 during the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of Ball during the first quarter worth $83,000. 86.51% of the stock is owned by institutional investors.

Ball Trading Down 0.3%

Shares of BALL traded down $0.20 during trading hours on Friday, reaching $57.06. The stock had a trading volume of 4,335,629 shares, compared to its average volume of 1,786,817. The company has a market cap of $15.83 billion, a P/E ratio of 17.58, a P/E/G ratio of 1.60 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 quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.10. The firm has a 50-day moving average of $56.50 and a 200 day moving average of $53.18.

Ball (NYSE:BALL - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.76 EPS 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 quarter last year, the firm posted $0.68 earnings per share. Ball's revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts expect that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, September 2nd. Ball's dividend payout ratio (DPR) is 47.62%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on Ball from $50.00 to $54.00 and gave the stock an "underweight" rating in a research report on Friday, July 18th. Citigroup boosted their target price on Ball from $55.00 to $63.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. UBS Group boosted their target price on Ball from $54.00 to $60.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada increased their price objective on shares of Ball from $62.00 to $63.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Finally, Truist Financial increased their price objective on shares of Ball from $62.00 to $69.00 and gave the company a "buy" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Ball presently has a consensus rating of "Moderate Buy" and an average price target 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.