Mirae Asset Global Investments Co. Ltd. Has $2.04 Million Stock Position in Ball Corporation (NYSE:BALL)

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Ball Corporation (NYSE:BALL) by 12.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,718 shares of the company’s stock after purchasing an additional 4,289 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Ball were worth $2,044,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Picton Mahoney Asset Management grew its stake in Ball by 68.9% in 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. Whipplewood Advisors LLC grew its stake in 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 acquiring an additional 719 shares during the period. Parvin Asset Management LLC acquired a new stake in Ball in the fourth quarter valued at approximately $70,000. Farther Finance Advisors LLC grew its stake in 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 acquiring an additional 500 shares during the period. Finally, NBC Securities Inc. acquired a new stake in Ball in the first quarter valued at approximately $83,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Citigroup raised their price objective on Ball from $55.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday. Truist Financial reduced their price objective on Ball from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Barclays dropped their target price on Ball from $61.00 to $57.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 14th. Wells Fargo & Company raised their target price on Ball from $44.00 to $50.00 and gave the company an “underweight” rating in a report on Wednesday, May 7th. Finally, Loop Capital dropped their target price on Ball from $83.00 to $78.00 and set a “buy” rating on the stock 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 issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $61.40.

Ball Stock Down 0.2%

BALL stock opened at $58.61 on Friday. The stock’s 50 day moving average is $53.98 and its 200-day moving average is $52.67. The firm has a market capitalization of $16.26 billion, a PE ratio of 34.89, a P/E/G ratio of 1.58 and a beta of 1.08. Ball Corporation has a twelve month low of $43.51 and a twelve month high of $68.12. 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 (NYSE:BALL) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates 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%. Ball’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $0.68 earnings per share. Sell-side analysts expect that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors 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 dividend on an annualized basis and a yield of 1.36%. Ball’s dividend payout ratio (DPR) is currently 47.62%.

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.