Xponance Inc. Has $3.94 Million Holdings in Ball Corporation (NYSE:BALL)

Xponance Inc. raised its position in Ball Corporation (NYSE:BALL - Free Report) by 59.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,629 shares of the company's stock after buying an additional 28,053 shares during the period. Xponance Inc.'s holdings in Ball were worth $3,938,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Ball in the fourth quarter worth about $190,105,000. London Co. of Virginia raised its stake in shares of Ball by 61.1% in the fourth quarter. London Co. of Virginia now owns 3,054,393 shares of the company's stock worth $168,389,000 after acquiring an additional 1,158,668 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Ball by 359.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,184,629 shares of the company's stock worth $60,299,000 after acquiring an additional 926,728 shares during the last quarter. Invesco Ltd. raised its stake in shares of Ball by 25.3% in the fourth quarter. Invesco Ltd. now owns 4,159,436 shares of the company's stock worth $229,310,000 after acquiring an additional 840,357 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Ball by 11.6% in the fourth quarter. Franklin Resources Inc. now owns 7,758,604 shares of the company's stock worth $427,732,000 after acquiring an additional 803,728 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a research note on Friday. Mizuho dropped their price target on shares of Ball from $63.00 to $58.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company boosted their price target on shares of Ball from $44.00 to $50.00 and gave the stock an "underweight" rating in a research note on Wednesday, May 7th. UBS Group upped their target price on shares of Ball from $54.00 to $60.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Finally, Barclays lowered their target price on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ball currently has a consensus rating of "Moderate Buy" and an average price target of $63.36.

Ball Stock Down 0.2%

Ball stock opened at $58.30 on Monday. The stock has a market capitalization of $16.17 billion, a PE ratio of 34.70, a price-to-earnings-growth ratio of 1.63 and a beta of 1.08. Ball Corporation has a twelve month low of $43.51 and a twelve month 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 company has a 50 day moving average of $54.83 and a 200-day moving average of $52.72.

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

Ball Dividend Announcement

The business also recently declared 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 1.37%. The ex-dividend date was Monday, June 2nd. Ball's dividend payout ratio (DPR) is presently 47.62%.

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.

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