Zurcher Kantonalbank Zurich Cantonalbank Purchases 34,767 Shares of Ball Corporation (NYSE:BALL)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Ball Corporation (NYSE:BALL - Free Report) by 37.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 126,459 shares of the company's stock after purchasing an additional 34,767 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Ball were worth $6,585,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Whipplewood Advisors LLC lifted its position 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 acquiring an additional 719 shares in the last quarter. Parvin Asset Management LLC purchased a new position in Ball during the fourth quarter worth about $70,000. Farther Finance Advisors LLC boosted its stake in Ball by 51.3% in the 1st quarter. Farther Finance Advisors LLC now owns 1,474 shares of the company's stock worth $77,000 after buying an additional 500 shares during the last quarter. NBC Securities Inc. purchased a new stake in Ball in the 1st quarter valued at about $83,000. Finally, MorganRosel Wealth Management LLC purchased a new stake in Ball in the 1st quarter valued at about $91,000. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Ball Stock Performance

NYSE:BALL traded down $0.20 during mid-day trading on Friday, hitting $57.06. 4,335,629 shares of the company's stock traded hands, compared to its average volume of 1,786,817. The firm has a market capitalization of $15.83 billion, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 1.60 and a beta of 1.08. The firm has a 50 day moving average of $56.40 and a two-hundred day moving average of $53.16. The company has a current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.10. Ball Corporation has a 12 month low of $43.51 and a 12 month high of $68.12.

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, topping analysts' consensus estimates of $0.69 by $0.07. Ball had a net margin of 4.18% and a return on equity of 15.41%. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same quarter in the previous 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, equities analysts forecast that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

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

Wall Street Analysts Forecast Growth

BALL has been the topic of several research reports. Royal Bank Of Canada increased their target price on Ball from $62.00 to $63.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Truist Financial lifted 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. Loop Capital dropped their price objective on shares of Ball from $83.00 to $78.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Bank of America reiterated a "neutral" rating and set a $66.00 price objective (down previously from $67.00) on shares of Ball in a research note on Wednesday, July 9th. Finally, Mizuho raised their price objective on Ball from $60.00 to $68.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.