Ball Corporation (NYSE:BALL) Shares Sold by Broderick Brian C

Broderick Brian C lessened its holdings in shares of Ball Corporation (NYSE:BALL) by 73.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 11,958 shares of the company’s stock after selling 33,346 shares during the period. Broderick Brian C’s holdings in Ball were worth $623,000 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. Franklin Resources Inc. boosted its holdings 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 valued at $427,732,000 after acquiring an additional 803,728 shares in the last quarter. Invesco Ltd. lifted its position in Ball by 25.3% in the fourth quarter. Invesco Ltd. now owns 4,159,436 shares of the company’s stock valued at $229,310,000 after purchasing an additional 840,357 shares during the period. Norges Bank acquired a new stake in Ball in the fourth quarter valued at about $190,105,000. Dimensional Fund Advisors LP boosted its holdings in Ball by 13.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,055,441 shares of the company’s stock valued at $168,447,000 after purchasing an additional 367,798 shares in the last quarter. Finally, London Co. of Virginia increased its position in Ball by 61.1% during the 4th quarter. London Co. of Virginia now owns 3,054,393 shares of the company’s stock worth $168,389,000 after purchasing an additional 1,158,668 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

Ball Price Performance

BALL opened at $55.30 on Wednesday. The company has a 50-day moving average of $51.81 and a 200-day moving average of $52.79. The company has a market capitalization of $15.34 billion, a P/E ratio of 32.92, a PEG ratio of 1.50 and a beta of 1.08. Ball Corporation has a 1-year low of $43.51 and a 1-year high of $68.12. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.70 and a current ratio of 1.04.

Ball (NYSE:BALL) last posted its quarterly 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. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $2.91 billion. Ball had a return on equity of 15.41% and a net margin of 4.18%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. Equities analysts expect 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. Investors of record on Monday, June 2nd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Monday, June 2nd. Ball’s dividend payout ratio (DPR) is 47.62%.

Analyst Upgrades and Downgrades

BALL has been the topic of a number of recent analyst reports. UBS Group dropped their price objective on Ball from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Loop Capital decreased their target price on shares of Ball from $83.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Royal Bank Of Canada upped their price target on shares of Ball from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Truist Financial cut their price target on shares of Ball from $65.00 to $58.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company boosted their price objective on shares of Ball from $44.00 to $50.00 and gave the stock an “underweight” rating in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Ball has an average rating of “Moderate Buy” and a consensus target price of $61.00.

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.