Ball Corporation $BALL Shares Sold by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC decreased its position in Ball Corporation (NYSE:BALL) by 19.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,892 shares of the company’s stock after selling 9,775 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Ball were worth $2,077,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Ball during the first quarter valued at $32,000. Strengthening Families & Communities LLC raised its position in Ball by 72.4% during the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock valued at $37,000 after buying an additional 297 shares during the period. Whipplewood Advisors LLC increased its position in Ball by 764.9% in the 1st quarter. Whipplewood Advisors LLC now owns 813 shares of the company’s stock worth $42,000 after purchasing an additional 719 shares during the last quarter. Federated Hermes Inc. increased its position in Ball by 40.4% in the 1st quarter. Federated Hermes Inc. now owns 1,311 shares of the company’s stock worth $68,000 after purchasing an additional 377 shares during the last quarter. Finally, Parvin Asset Management LLC acquired a new position in Ball in the 4th quarter worth about $70,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Price Performance

Shares of BALL stock opened at $53.83 on Monday. The stock has a 50 day moving average of $56.72 and a two-hundred day moving average of $53.09. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. Ball Corporation has a 12 month low of $43.51 and a 12 month high of $68.12. The company has a market capitalization of $14.65 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.22 and a beta of 1.08.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. Ball had a return on equity of 16.81% and a net margin of 4.49%. The company had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the company earned $0.74 EPS. The company’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, equities analysts expect that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.5%. Ball’s dividend payout ratio is presently 41.45%.

Analyst Ratings Changes

Several brokerages have weighed in on BALL. Wells Fargo & Company upped 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. Barclays dropped their target price on Ball from $61.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 14th. Truist Financial upped their target price on Ball from $62.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Bank of America reissued a “neutral” rating and set a $66.00 price objective (down previously from $67.00) on shares of Ball in a report on Wednesday, July 9th. Finally, Loop Capital lowered their price objective on Ball from $83.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Ball currently has an average rating of “Hold” and an average target price of $65.27.

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.