Ball Corporation (NYSE:BALL) Stock Position Raised by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its position in Ball Corporation (NYSE:BALL) by 5.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 122,483 shares of the company’s stock after acquiring an additional 5,841 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Ball were worth $6,378,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in BALL. Norges Bank acquired a new position in Ball in the 4th quarter valued at approximately $190,105,000. Raymond James Financial Inc. acquired a new position in Ball in the 4th quarter valued at approximately $94,861,000. London Co. of Virginia increased its stake in Ball by 61.1% in the 4th quarter. London Co. of Virginia now owns 3,054,393 shares of the company’s stock valued at $168,389,000 after buying an additional 1,158,668 shares during the period. Invesco Ltd. increased its stake in Ball by 25.3% in the 4th quarter. Invesco Ltd. now owns 4,159,436 shares of the company’s stock valued at $229,310,000 after buying an additional 840,357 shares during the period. Finally, Franklin Resources Inc. increased its stake in Ball by 11.6% in the 4th quarter. Franklin Resources Inc. now owns 7,758,604 shares of the company’s stock valued at $427,732,000 after buying an additional 803,728 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

Shares of BALL opened at $56.41 on Friday. The company has a market capitalization of $15.65 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 1.51 and a beta of 1.08. Ball Corporation has a one year low of $43.51 and a one year high of $68.12. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.04 and a quick ratio of 0.70. The company’s fifty day moving average price is $53.26 and its 200 day moving average price is $52.64.

Ball (NYSE:BALL) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. Ball had a net margin of 4.18% and a return on equity of 15.41%. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. As a group, analysts expect that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.42%. Ball’s payout ratio is 47.62%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BALL shares. Barclays dropped their price objective on shares of Ball from $61.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 14th. Royal Bank Of Canada raised their price target on shares of Ball from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Loop Capital cut their price target 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. Truist Financial cut their price target on shares of Ball from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company raised their price target on shares of Ball from $44.00 to $50.00 and gave the company an “underweight” rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.00.

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.