Ilmarinen Mutual Pension Insurance Co acquired a new stake in Ball Corporation (NYSE:BALL – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 102,000 shares of the company’s stock, valued at approximately $5,403,000.
Several other hedge funds also recently modified their holdings of BALL. GoalVest Advisory LLC bought a new stake in shares of Ball in the 4th quarter valued at $25,000. Board of the Pension Protection Fund bought a new stake in Ball in the 4th quarter valued at about $26,000. Triumph Capital Management bought a new stake in Ball in the 3rd quarter valued at about $26,000. Harbour Investments Inc. increased its position in Ball by 44.1% in the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock valued at $38,000 after buying an additional 222 shares in the last quarter. Finally, Trust Co. of Vermont increased its position in Ball by 297.0% in the 4th quarter. Trust Co. of Vermont now owns 802 shares of the company’s stock valued at $42,000 after buying an additional 600 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.
Ball Stock Performance
BALL stock opened at $56.21 on Friday. The firm has a market cap of $14.96 billion, a PE ratio of 16.24, a P/E/G ratio of 1.10 and a beta of 1.06. The business has a 50 day moving average of $59.51 and a 200-day moving average of $57.47. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 1.25. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29.
Ball Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, June 1st. Ball’s dividend payout ratio (DPR) is presently 23.12%.
Insiders Place Their Bets
In other news, SVP Fauze Villatoro acquired 1,551 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was bought at an average cost of $64.51 per share, for a total transaction of $100,055.01. Following the completion of the transaction, the senior vice president owned 13,778 shares of the company’s stock, valued at $888,818.78. The trade was a 12.69% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kathleen Pitre sold 10,660 shares of Ball stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $66.63, for a total value of $710,275.80. Following the sale, the senior vice president directly owned 36,772 shares of the company’s stock, valued at $2,450,118.36. This represents a 22.47% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.58% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ball in a research report on Friday, April 17th. Wells Fargo & Company boosted their price target on shares of Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Weiss Ratings upgraded shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Mizuho boosted their price target on shares of Ball from $58.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Finally, Truist Financial boosted their price target on shares of Ball from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.54.
Check Out Our Latest Stock Report on BALL
About Ball
Ball Corporation is a leading provider of sustainable aluminum packaging solutions and advanced aerospace technologies. Headquartered in Broomfield, Colorado, the company serves customers in the beverage, food and aerosol markets through a global network of manufacturing facilities. With an emphasis on sustainability and innovation, Ball designs and produces metal cans, bottles and ends that support recycling and reduce environmental impact.
The company’s packaging segment specializes in beverage cans for soft drinks, beer and energy drinks, as well as metal packaging for food and personal care applications.
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