Baader Bank Aktiengesellschaft increased its position in shares of Ball Corporation (NYSE:BALL – Free Report) by 136.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,730 shares of the company’s stock after acquiring an additional 12,527 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Ball were worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently modified their holdings of BALL. Teacher Retirement System of Texas raised its stake in Ball by 58.7% during the fourth quarter. Teacher Retirement System of Texas now owns 262,973 shares of the company’s stock worth $13,930,000 after purchasing an additional 97,264 shares during the period. Cibc World Market Inc. purchased a new stake in shares of Ball in the 3rd quarter valued at approximately $5,570,000. Rakuten Investment Management Inc. purchased a new stake in shares of Ball in the 3rd quarter valued at approximately $464,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Ball during the 3rd quarter worth approximately $2,682,000. Finally, First Merchants Corp increased its holdings in shares of Ball by 125.9% during the 4th quarter. First Merchants Corp now owns 75,609 shares of the company’s stock worth $4,005,000 after buying an additional 42,134 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.
Ball Stock Up 0.2%
Shares of BALL opened at $56.58 on Friday. The company’s 50-day simple moving average is $60.76 and its 200-day simple moving average is $56.91. 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 Corporation has a 1 year low of $44.83 and a 1 year high of $68.29. The stock has a market capitalization of $15.06 billion, a PE ratio of 16.35, a P/E/G ratio of 1.10 and a beta of 1.06.
Ball Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.80 annualized dividend and a yield of 1.4%. Ball’s dividend payout ratio (DPR) is 23.12%.
Key Headlines Impacting Ball
Here are the key news stories impacting Ball this week:
- Positive Sentiment: Ball Corporation received an average analyst rating of “Moderate Buy,” reinforcing a cautiously optimistic view of the stock’s long-term prospects. Ball Corporation (NYSE:BALL) Receives Average Rating of “Moderate Buy” from Analysts
- Positive Sentiment: Another market recap noted that analysts are still leaning positive on Ball Corporation even though the shares have lagged the broader market over the past year, which may be supporting sentiment for value-oriented investors. Are Wall Street Analysts Predicting Ball Stock Will Climb or Sink?
- Neutral Sentiment: Several articles about World Cup and golf balls mention “ball” in a sports context, but they do not appear to have any direct business impact on Ball Corporation’s packaging operations.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Citigroup cut their price objective on Ball from $74.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ball in a research note on Friday, April 17th. JPMorgan Chase & Co. lifted their price target on shares of Ball from $50.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Weiss Ratings raised shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Finally, Robert W. Baird set a $75.00 price objective on shares of Ball in a report on Wednesday, February 4th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.54.
Read Our Latest Stock Analysis on BALL
Insiders Place Their Bets
In other news, SVP Kathleen Pitre sold 10,660 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $66.63, for a total transaction of $710,275.80. Following the sale, the senior vice president owned 36,772 shares of the company’s stock, valued at approximately $2,450,118.36. This trade represents a 22.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Fauze Villatoro purchased 1,551 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was bought at an average price of $64.51 per share, for a total transaction of $100,055.01. Following the completion of the purchase, the senior vice president directly 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. Additional details regarding this purchase are available in the official SEC disclosure. 0.58% of the stock is currently owned by company insiders.
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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