Union Bancaire Privee UBP SA Has $1.09 Million Position in Ball Co. (NYSE:BALL)

Union Bancaire Privee UBP SA cut its holdings in Ball Co. (NYSE:BALL) by 12.5% during the first quarter, HoldingsChannel reports. The firm owned 20,975 shares of the company’s stock after selling 3,003 shares during the period. Union Bancaire Privee UBP SA’s holdings in Ball were worth $1,092,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Picton Mahoney Asset Management increased its position in Ball by 68.9% in the 4th quarter. Picton Mahoney Asset Management now owns 522 shares of the company’s stock worth $29,000 after buying an additional 213 shares during the period. GAMMA Investing LLC grew its stake in shares of Ball by 6.0% in the first quarter. GAMMA Investing LLC now owns 3,852 shares of the company’s stock worth $201,000 after acquiring an additional 219 shares during the last quarter. Jag Capital Management LLC increased its position in Ball by 1.0% during the fourth quarter. Jag Capital Management LLC now owns 26,729 shares of the company’s stock worth $1,474,000 after acquiring an additional 271 shares during the period. Crumly & Associates Inc. increased its position in Ball by 3.3% during the fourth quarter. Crumly & Associates Inc. now owns 9,050 shares of the company’s stock worth $499,000 after acquiring an additional 293 shares during the period. Finally, Toth Financial Advisory Corp raised its stake in Ball by 0.6% during the 1st quarter. Toth Financial Advisory Corp now owns 53,359 shares of the company’s stock valued at $2,778,000 after purchasing an additional 325 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on BALL. Royal Bank of Canada raised their price target on shares of Ball from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. UBS Group decreased their target price on Ball from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Loop Capital cut their price target on Ball from $83.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Barclays reduced their price objective on Ball from $61.00 to $57.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 14th. Finally, Wells Fargo & Company boosted their price objective on Ball from $44.00 to $50.00 and gave the company an “underweight” rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.00.

Ball Stock Up 0.4%

NYSE BALL opened at $55.15 on Friday. Ball Co. has a 1-year low of $43.51 and a 1-year high of $68.12. The company has a market capitalization of $15.30 billion, a price-to-earnings ratio of 4.36, a PEG ratio of 1.24 and a beta of 1.08. The stock’s 50 day moving average is $51.23 and its two-hundred day moving average is $53.00. The company has a current ratio of 1.00, a quick ratio of 0.69 and a debt-to-equity ratio of 0.90.

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

Ball Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, June 2nd. Ball’s payout ratio is 47.62%.

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.