Ball Co. (NYSE:BALL) Stock Holdings Decreased by Raymond James Trust N.A.

Raymond James Trust N.A. reduced its position in Ball Co. (NYSE:BALL) by 6.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 59,550 shares of the company’s stock after selling 3,924 shares during the period. Raymond James Trust N.A.’s holdings in Ball were worth $3,574,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. First Merchants Corp lifted its holdings in Ball by 13.1% in the second quarter. First Merchants Corp now owns 47,330 shares of the company’s stock worth $2,841,000 after acquiring an additional 5,481 shares during the last quarter. Everhart Financial Group Inc. increased its position in Ball by 29.2% in the second quarter. Everhart Financial Group Inc. now owns 3,850 shares of the company’s stock worth $231,000 after buying an additional 869 shares during the period. JB Capital LLC lifted its stake in Ball by 9.9% in the second quarter. JB Capital LLC now owns 47,193 shares of the company’s stock valued at $2,833,000 after buying an additional 4,243 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Ball by 2.0% during the second quarter. Fifth Third Bancorp now owns 8,743 shares of the company’s stock valued at $525,000 after acquiring an additional 174 shares during the period. Finally, Western Wealth Management LLC grew its position in shares of Ball by 4.9% during the second quarter. Western Wealth Management LLC now owns 5,351 shares of the company’s stock worth $321,000 after acquiring an additional 251 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Analyst Ratings Changes

BALL has been the topic of several analyst reports. Truist Financial restated a “buy” rating and issued a $78.00 price target (up previously from $76.00) on shares of Ball in a research note on Friday, August 2nd. Citigroup cut their target price on Ball from $73.00 to $66.00 and set a “neutral” rating on the stock in a research note on Monday, July 8th. Robert W. Baird raised Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price target on the stock in a report on Wednesday, August 14th. Wells Fargo & Company cut their price objective on shares of Ball from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 17th. Finally, Baird R W upgraded shares of Ball from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $69.08.

Ball Price Performance

Ball stock traded up $0.21 on Monday, reaching $64.77. The company’s stock had a trading volume of 32,549 shares, compared to its average volume of 1,875,530. The business’s fifty day moving average price is $62.02 and its 200 day moving average price is $64.76. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.93 and a current ratio of 1.18. Ball Co. has a twelve month low of $42.81 and a twelve month high of $71.32. The company has a market cap of $20.10 billion, a price-to-earnings ratio of 4.86, a PEG ratio of 1.78 and a beta of 0.85.

Ball (NYSE:BALL) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Ball had a net margin of 32.79% and a return on equity of 19.45%. Ball’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 EPS. Equities analysts expect that Ball Co. will post 3.09 earnings per share for the current fiscal year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Tuesday, September 3rd. Ball’s dividend payout ratio (DPR) is presently 6.02%.

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.