Chicago Partners Investment Group LLC boosted its holdings in shares of Ball Corporation (NYSE:BALL – Free Report) by 129.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,652 shares of the company’s stock after buying an additional 11,091 shares during the period. Chicago Partners Investment Group LLC’s holdings in Ball were worth $1,232,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of the business. Meridian Wealth Management LLC boosted its position in Ball by 2.7% during the 4th quarter. Meridian Wealth Management LLC now owns 6,295 shares of the company’s stock worth $333,000 after acquiring an additional 165 shares during the period. Western Wealth Management LLC grew its stake in Ball by 3.2% during the 4th quarter. Western Wealth Management LLC now owns 6,752 shares of the company’s stock valued at $358,000 after acquiring an additional 208 shares in the last quarter. Harbour Investments Inc. increased its holdings in shares of 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 purchasing an additional 222 shares during the period. Patton Fund Management Inc. increased its holdings in shares of Ball by 5.7% in the 4th quarter. Patton Fund Management Inc. now owns 4,604 shares of the company’s stock valued at $244,000 after purchasing an additional 248 shares during the period. Finally, Hantz Financial Services Inc. increased its holdings in shares of Ball by 26.4% in the 4th quarter. Hantz Financial Services Inc. now owns 1,529 shares of the company’s stock valued at $81,000 after purchasing an additional 319 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.
Ball Stock Up 0.5%
Shares of BALL opened at $60.79 on Thursday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.12. The company has a 50-day simple moving average of $57.96 and a 200-day simple moving average of $59.68. Ball Corporation has a 52 week low of $44.83 and a 52 week high of $68.29. The firm has a market capitalization of $16.19 billion, a P/E ratio of 17.57, a P/E/G ratio of 1.17 and a beta of 0.98.
Ball Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, June 1st. Ball’s dividend payout ratio is 23.12%.
Key Headlines Impacting Ball
Here are the key news stories impacting Ball this week:
- Positive Sentiment: Bank of America raised its price target on Ball Corporation (BALL) to $73 from $70 and reiterated a Buy rating, signaling confidence in further upside from current levels. Bank of America Raises Ball Price Target
- Positive Sentiment: Analysts highlighted Ball (BALL) as a potential earnings-growth winner, citing improving profit expectations and rising estimates ahead of the next reporting period. Zacks Earnings Growth Article
- Positive Sentiment: Another Zacks note said Ball (BALL) screens as a strong long-term value stock, which may attract value-oriented investors looking for quality names with favorable style-score characteristics. Zacks Value Stock Article
- Positive Sentiment: Barchart reported that analysts expect Ball Corporation’s next quarterly earnings to show a double-digit profit increase, reinforcing optimism ahead of the upcoming report. Barchart Earnings Preview
- Neutral Sentiment: Several unrelated articles about LaMelo Ball in the sports media are not connected to Ball Corporation (BALL) and likely have no impact on the stock.
Analysts Set New Price Targets
BALL has been the subject of a number of research reports. Bank of America lifted their target price on shares of Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday. Royal Bank Of Canada upped their price target on shares of Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Raymond James Financial set a $73.00 price objective on Ball and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Weiss Ratings raised Ball from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. Finally, Citigroup lowered their target price on Ball from $73.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ball currently has an average rating of “Moderate Buy” and a consensus price target of $70.85.
Get Our Latest Analysis 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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