Swiss National Bank lifted its holdings in Ball Corporation (NYSE:BALL – Free Report) by 5.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 747,188 shares of the company’s stock after buying an additional 38,600 shares during the quarter. Swiss National Bank’s holdings in Ball were worth $44,166,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Teacher Retirement System of Texas raised its stake in shares of Ball by 58.7% in the 4th quarter. Teacher Retirement System of Texas now owns 262,973 shares of the company’s stock valued at $13,930,000 after purchasing an additional 97,264 shares during the period. Independent Advisor Alliance raised its stake in shares of Ball by 276.5% during the 4th quarter. Independent Advisor Alliance now owns 35,654 shares of the company’s stock worth $1,889,000 after purchasing an additional 26,184 shares in the last quarter. Mizuho Markets Cayman LP acquired a new stake in Ball in the fourth quarter valued at $26,485,000. International Assets Investment Management LLC bought a new position in shares of Ball during the 4th quarter worth approximately $4,349,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of Ball by 6.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,521 shares of the company’s stock valued at $35,676,000 after purchasing an additional 40,593 shares during the period. Institutional investors own 86.51% of the company’s stock.
Ball Price Performance
NYSE:BALL opened at $62.26 on Thursday. Ball Corporation has a 52 week low of $44.83 and a 52 week high of $68.29. The firm has a market cap of $16.58 billion, a price-to-earnings ratio of 17.99, a P/E/G ratio of 1.23 and a beta of 0.98. The firm’s 50-day simple moving average is $58.45 and its 200 day simple moving average is $60.02. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.12.
Ball Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, June 1st. Ball’s payout ratio is 23.12%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on BALL. JPMorgan Chase & Co. upgraded shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 target price for the company in a research note on Monday, May 18th. Raymond James Financial set a $73.00 price target on shares of Ball and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Citigroup lowered their price target on shares of Ball from $73.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Weiss Ratings upgraded Ball from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Finally, Wells Fargo & Company upped their target price on Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ball presently has an average rating of “Moderate Buy” and a consensus target price of $70.85.
Check Out Our Latest Stock 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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