MidFirst Bank bought a new stake in Ball Corporation (NYSE:BALL – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 35,285 shares of the company’s stock, valued at approximately $1,869,000.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. DiPaolo Financial Group Inc. acquired a new position in shares of Ball during the fourth quarter valued at approximately $390,000. Kera Capital Partners Inc. acquired a new stake in shares of Ball in the fourth quarter worth approximately $387,000. Talisman Wealth Advisors LLC purchased a new stake in shares of Ball during the fourth quarter worth approximately $606,000. T. Rowe Price Investment Management Inc. raised its stake in Ball by 3.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,225,631 shares of the company’s stock valued at $382,742,000 after purchasing an additional 266,238 shares during the last quarter. Finally, Axxcess Wealth Management LLC acquired a new position in Ball in the 4th quarter valued at $283,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.
Ball Stock Up 0.1%
Shares of NYSE:BALL opened at $57.79 on Friday. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29. The stock has a market cap of $15.39 billion, a P/E ratio of 16.70, a PEG ratio of 1.13 and a beta of 1.01. The business has a fifty day moving average of $58.25 and a two-hundred day moving average of $58.21. 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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, June 1st. Ball’s dividend payout ratio (DPR) is presently 23.12%.
Analysts Set New Price Targets
BALL has been the topic of a number of research reports. Weiss Ratings lowered Ball from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Wells Fargo & Company upped their target price on shares of Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ball in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ball in a research note on Wednesday, April 1st. They issued a “buy” rating and a $72.00 price target on the stock. Finally, UBS Group lowered their price target on shares of Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.54.
Read Our Latest Analysis on Ball
Ball Company Profile
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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