Baker Ellis Asset Management LLC Sells 1,907 Shares of Ball Co. (NYSE:BALL)

Baker Ellis Asset Management LLC cut its position in shares of Ball Co. (NYSE:BALL) by 14.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,737 shares of the company’s stock after selling 1,907 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Ball were worth $611,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. 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 purchasing an additional 213 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Ball by 328.4% in the 4th quarter. Venturi Wealth Management LLC now owns 664 shares of the company’s stock valued at $37,000 after purchasing an additional 509 shares during the period. Whipplewood Advisors LLC lifted its position in shares of Ball by 764.9% during the 1st 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 bought a new stake in shares of Ball during the 4th quarter valued at $70,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Ball by 51.3% during the 1st 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. 86.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BALL has been the subject of several recent analyst reports. UBS Group dropped their price objective on Ball from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Mizuho cut their target price on Ball from $63.00 to $58.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Royal Bank of Canada increased their target price on Ball from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Truist Financial cut their target price on Ball from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, Barclays lowered their price target on Ball from $61.00 to $57.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 14th. One equities 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ball has an average rating of “Moderate Buy” and an average target price of $61.00.

Ball Trading Down 0.2%

NYSE BALL opened at $54.93 on Thursday. Ball Co. has a 12 month low of $43.51 and a 12 month high of $68.85. The firm has a market capitalization of $15.24 billion, a P/E ratio of 4.34, a PEG ratio of 1.24 and a beta of 1.08. The business has a fifty day simple moving average of $51.06 and a 200 day simple moving average of $53.05. The company has a current ratio of 1.00, a quick ratio of 0.69 and a debt-to-equity ratio of 0.90.

Ball (NYSE:BALL) last announced its earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.07. Ball had a return on equity of 16.17% and a net margin of 33.98%. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $2.91 billion. During the same period last year, the firm posted $0.68 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Ball Co. will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Monday, June 2nd. Ball’s dividend payout ratio is presently 47.62%.

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.