Fifth Third Bancorp Purchases 457 Shares of Ball Corporation (NYSE:BALL)

Fifth Third Bancorp raised its position in shares of Ball Corporation (NYSE:BALL) by 5.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,467 shares of the company’s stock after acquiring an additional 457 shares during the period. Fifth Third Bancorp’s holdings in Ball were worth $441,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Picton Mahoney Asset Management boosted its holdings in Ball by 68.9% during the fourth quarter. Picton Mahoney Asset Management now owns 522 shares of the company’s stock valued at $29,000 after acquiring an additional 213 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Ball by 328.4% in the fourth quarter. Venturi Wealth Management LLC now owns 664 shares of the company’s stock valued at $37,000 after buying an additional 509 shares during the period. Whipplewood Advisors LLC lifted its stake 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 buying an additional 719 shares during the period. Parvin Asset Management LLC bought a new stake in shares of Ball in the fourth quarter valued at about $70,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Ball by 51.3% in the first quarter. Farther Finance Advisors LLC now owns 1,474 shares of the company’s stock valued at $77,000 after buying an additional 500 shares during the period. 86.51% of the stock is currently owned by institutional investors.

Ball Stock Down 1.3%

Shares of BALL opened at $55.30 on Wednesday. The stock has a market cap of $15.34 billion, a price-to-earnings ratio of 32.92, a P/E/G ratio of 1.50 and a beta of 1.08. The company has a 50-day moving average price of $51.81 and a two-hundred day moving average price of $52.79. The company has a quick ratio of 0.70, a current ratio of 1.04 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) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $2.91 billion. Ball had a net margin of 4.18% and a return on equity of 15.41%. Ball’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 earnings per share. Equities analysts predict that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Announces Dividend

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 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Monday, June 2nd. Ball’s dividend payout ratio is currently 47.62%.

Analyst Ratings Changes

BALL has been the subject of several research reports. Royal Bank Of Canada increased their target price on shares of Ball from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Loop Capital reduced their target price on shares of Ball from $83.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Truist Financial reduced their target price on shares of Ball from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company increased their target price on shares of Ball from $44.00 to $50.00 and gave the company an “underweight” rating in a research note on Wednesday, May 7th. Finally, Mizuho reduced their target price 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Ball presently has an average rating of “Moderate Buy” and a consensus target price of $61.00.

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.