Korea Investment CORP bought a new stake in shares of Ball Corporation (NYSE:BALL – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 286,262 shares of the company’s stock, valued at approximately $17,863,000.
Several other institutional investors have also bought and sold shares of the stock. Triumph Capital Management purchased a new position in Ball during the 3rd quarter worth $26,000. Basecamp Wealth Advisors LLC grew its stake in shares of Ball by 135.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock worth $28,000 after acquiring an additional 274 shares in the last quarter. Gilpin Wealth Management LLC purchased a new stake in shares of Ball in the fourth quarter valued at about $29,000. Trust Co. of Vermont purchased a new stake in shares of Ball in the second quarter valued at about $37,000. Finally, Harbour Investments Inc. raised its holdings in shares of Ball by 44.1% in the fourth 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 last quarter. Institutional investors own 86.51% of the company’s stock.
Ball Trading Up 0.0%
Shares of Ball stock opened at $63.60 on Monday. The firm has a market cap of $16.83 billion, a PE ratio of 18.02, a P/E/G ratio of 1.22 and a beta of 0.98. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.07 and a quick ratio of 0.66. The stock has a fifty day moving average price of $62.09 and a 200-day moving average price of $61.21.
Ball Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, September 1st. Ball’s payout ratio is presently 22.66%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on BALL shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $65.00 price target (up from $60.00) on shares of Ball in a report on Wednesday, August 5th. Bank of America increased their price objective on shares of Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Truist Financial set a $78.00 target price on shares of Ball in a research report on Wednesday, August 5th. Wells Fargo & Company boosted their target price on Ball from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings raised Ball from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.69.
View Our Latest Analysis on BALL
Ball 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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