Focus Partners Advisor Solutions LLC purchased a new stake in Ball Corporation (NYSE:BALL – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,241 shares of the company’s stock, valued at approximately $889,000.
A number of other large investors have also recently modified their holdings of BALL. Triumph Capital Management bought a new position in shares of Ball in the third quarter worth approximately $26,000. Basecamp Wealth Advisors LLC lifted its position in Ball by 135.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $28,000 after purchasing an additional 274 shares during the last quarter. Gilpin Wealth Management LLC purchased a new position in Ball in the 4th quarter worth approximately $29,000. Harbour Investments Inc. grew its stake in Ball by 44.1% in the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after buying an additional 222 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of Ball in the 2nd quarter worth $46,000. Institutional investors own 86.51% of the company’s stock.
Ball Price Performance
BALL stock opened at $61.85 on Monday. The stock has a market capitalization of $16.37 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.19 and a beta of 0.98. The firm’s 50-day moving average price is $61.35 and its two-hundred day moving average price is $61.01. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29.
Ball Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.20 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 1.3%. Ball’s dividend payout ratio (DPR) is 22.66%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on BALL. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $65.00 price objective (up from $60.00) on shares of Ball in a report on Wednesday, August 5th. Raymond James Financial set a $73.00 price target on Ball and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Wells Fargo & Company lifted their price target on Ball from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded Ball from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Finally, UBS Group raised their price objective on Ball from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.69.
Check Out Our Latest Stock Analysis on BALL
Ball Company Profile
Ball Corporation is a leading provider of sustainable aluminum packaging solutions and advanced aerospace technologies. Headquartered in Broomfield, Colorado, the company serves customers in the beverage, food and aerosol markets through a global network of manufacturing facilities. With an emphasis on sustainability and innovation, Ball designs and produces metal cans, bottles and ends that support recycling and reduce environmental impact.
The company’s packaging segment specializes in beverage cans for soft drinks, beer and energy drinks, as well as metal packaging for food and personal care applications.
See Also
- Five stocks we like better than Ball
- The Metals Company’s Big Bet Now Comes Down to a License
- OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings
- Meta and Tesla Are Rebounding From Oversold Levels—Now What?
- AMG’s Alternatives Boom Powers Record Growth
Receive News & Ratings for Ball Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball and related companies with MarketBeat.com's FREE daily email newsletter.
