HB Wealth Management LLC Sells 203 Shares of Ball Corporation (NYSE:BALL)

HB Wealth Management LLC lowered its stake in shares of Ball Corporation (NYSE:BALL) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,265 shares of the company’s stock after selling 203 shares during the quarter. HB Wealth Management LLC’s holdings in Ball were worth $639,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BALL. Brighton Jones LLC grew its stake in Ball by 41.2% in the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock valued at $289,000 after purchasing an additional 1,531 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Ball by 0.7% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 93,994 shares of the company’s stock valued at $5,182,000 after purchasing an additional 655 shares during the period. Pictet Asset Management Holding SA grew its stake in Ball by 14.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 176,397 shares of the company’s stock valued at $9,725,000 after purchasing an additional 21,670 shares during the period. Orion Portfolio Solutions LLC grew its stake in Ball by 30.5% in the 4th quarter. Orion Portfolio Solutions LLC now owns 40,984 shares of the company’s stock valued at $2,259,000 after purchasing an additional 9,577 shares during the period. Finally, Allstate Corp bought a new position in Ball in the 4th quarter valued at $481,000. Institutional investors own 86.51% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Mizuho increased their price target on Ball from $60.00 to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Royal Bank Of Canada increased their price target on Ball from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Loop Capital cut their price target on Ball from $83.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Citigroup increased their price target on Ball from $55.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, July 3rd. Finally, Truist Financial increased their price target on Ball from $62.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.64.

Ball Stock Performance

Shares of BALL opened at $58.18 on Thursday. The stock’s 50-day simple moving average is $56.32 and its 200 day simple moving average is $53.13. The stock has a market capitalization of $16.14 billion, a price-to-earnings ratio of 34.63, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.70 and a current ratio of 1.04. Ball Corporation has a 52-week low of $43.51 and a 52-week high of $68.12.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.76 earnings per share (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 analysts’ expectations of $2.91 billion. Ball had a return on equity of 15.41% and a net margin of 4.18%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 EPS. Research analysts forecast 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 will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.38%. Ball’s payout ratio is currently 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.