James Hambro & Partners bought a new position in shares of Ball Co. (NYSE:BLL) in the 1st quarter, HoldingsChannel.com reports. The firm bought 4,440 shares of the industrial products company’s stock, valued at approximately $376,000.

A number of other institutional investors have also bought and sold shares of BLL. Birchcreek Wealth Management LLC purchased a new position in Ball during the fourth quarter worth about $27,000. Neo Ivy Capital Management purchased a new position in shares of Ball in the 4th quarter worth about $31,000. Ellevest Inc. boosted its holdings in shares of Ball by 358.0% in the 4th quarter. Ellevest Inc. now owns 371 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 290 shares in the last quarter. Graves Light Private Wealth Management Inc. purchased a new position in shares of Ball in the 4th quarter worth about $37,000. Finally, Vantage Consulting Group Inc purchased a new position in shares of Ball in the 4th quarter worth about $39,000. Institutional investors and hedge funds own 82.12% of the company’s stock.

BLL has been the subject of a number of research reports. Jefferies Financial Group upped their price objective on Ball from $93.00 to $96.00 and gave the stock a “hold” rating in a report on Wednesday, April 21st. Robert W. Baird lowered Ball from an “outperform” rating to a “neutral” rating and set a $105.00 target price for the company. in a research note on Monday, January 4th. The Goldman Sachs Group started coverage on Ball in a research note on Thursday, April 15th. They issued a “buy” rating and a $98.00 target price for the company. Zacks Investment Research lowered Ball from a “buy” rating to a “hold” rating and set a $96.00 target price for the company. in a research note on Tuesday, January 12th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Ball from $107.00 to $102.00 and set a “buy” rating for the company in a research note on Wednesday, January 20th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Ball has an average rating of “Buy” and an average target price of $99.69.

In other news, VP Scott C. Morrison sold 8,653 shares of the firm’s stock in a transaction on Thursday, March 18th. The stock was sold at an average price of $82.50, for a total value of $713,872.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.70% of the company’s stock.

Shares of BLL opened at $93.26 on Tuesday. The business’s fifty day simple moving average is $88.20 and its two-hundred day simple moving average is $90.44. The company has a current ratio of 1.07, a quick ratio of 0.72 and a debt-to-equity ratio of 2.60. Ball Co. has a 12 month low of $59.79 and a 12 month high of $102.76. The company has a market cap of $30.60 billion, a price-to-earnings ratio of 60.17, a P/E/G ratio of 5.44 and a beta of 0.46.

Ball (NYSE:BLL) last issued its earnings results on Wednesday, February 3rd. The industrial products company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.78 by $0.03. Ball had a return on equity of 33.14% and a net margin of 4.54%. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the business posted $0.71 EPS. The company’s revenue was up 14.1% compared to the same quarter last year. As a group, research analysts forecast that Ball Co. will post 2.93 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Tuesday, June 1st will be paid a $0.15 dividend. The ex-dividend date is Friday, May 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.64%. Ball’s dividend payout ratio (DPR) is currently 23.72%.

Ball Profile

Ball Corp. provides metal packaging for beverages, foods and household products, and of aerospace and other technologies and services to commercial and governmental customers. It operates through the following business segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.

Further Reading: What is a Buy-Side Analyst?

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Institutional Ownership by Quarter for Ball (NYSE:BLL)

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