Simon Quick Advisors LLC Sells 723 Shares of Ball Co. (NYSE:BALL)

Simon Quick Advisors LLC decreased its holdings in shares of Ball Co. (NYSE:BALL) by 2.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,715 shares of the company’s stock after selling 723 shares during the quarter. Simon Quick Advisors LLC’s holdings in Ball were worth $1,756,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Picton Mahoney Asset Management boosted its holdings in shares of Ball by 68.9% in the fourth quarter. Picton Mahoney Asset Management now owns 522 shares of the company’s stock valued at $29,000 after purchasing an additional 213 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Ball by 328.4% during the 4th quarter. Venturi Wealth Management LLC now owns 664 shares of the company’s stock valued at $37,000 after purchasing an additional 509 shares during the last quarter. Whipplewood Advisors LLC lifted its holdings in shares of Ball by 764.9% during the 1st quarter. Whipplewood Advisors LLC now owns 813 shares of the company’s stock valued at $42,000 after purchasing an additional 719 shares during the last quarter. Parvin Asset Management LLC acquired a new position in shares of Ball in the 4th quarter valued at $70,000. Finally, Farther Finance Advisors LLC increased its position in shares of Ball by 51.3% in the 1st quarter. Farther Finance Advisors LLC now owns 1,474 shares of the company’s stock valued at $77,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Price Performance

BALL stock opened at $54.93 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.69 and a current ratio of 1.00. Ball Co. has a 1 year low of $43.51 and a 1 year high of $68.85. The firm has a market cap of $15.24 billion, a P/E ratio of 4.34, a price-to-earnings-growth ratio of 1.24 and a beta of 1.08. The stock has a 50-day simple moving average of $51.06 and a 200-day simple moving average of $53.05.

Ball (NYSE:BALL) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. Ball had a return on equity of 16.17% and a net margin of 33.98%. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter in the prior year, the business posted $0.68 earnings per share. Ball’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities analysts predict that Ball Co. will post 3.48 earnings per share for the current fiscal year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Monday, June 2nd. Ball’s payout ratio is 47.62%.

Analyst Upgrades and Downgrades

BALL has been the topic of several analyst reports. Wells Fargo & Company lifted their price objective on Ball from $44.00 to $50.00 and gave the company an “underweight” rating in a research note on Wednesday, May 7th. Loop Capital lowered their target price on Ball from $83.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Truist Financial decreased their price objective on Ball from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Mizuho decreased their price target on Ball from $63.00 to $58.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Finally, Barclays reduced their price objective on Ball from $61.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.00.

Ball Profile

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.