Amalgamated Bank Has $3.03 Million Stock Holdings in Ball Corporation (NYSE:BALL)

Amalgamated Bank raised its stake in shares of Ball Corporation (NYSE:BALL) by 1.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,244 shares of the company’s stock after purchasing an additional 968 shares during the period. Amalgamated Bank’s holdings in Ball were worth $3,033,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management grew its holdings in Ball by 68.9% during 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 last quarter. GAMMA Investing LLC grew its holdings in Ball by 6.0% during the first quarter. GAMMA Investing LLC now owns 3,852 shares of the company’s stock valued at $201,000 after purchasing an additional 219 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in Ball by 11.7% during the first quarter. Exchange Traded Concepts LLC now owns 2,938 shares of the company’s stock valued at $153,000 after purchasing an additional 307 shares during the last quarter. Toth Financial Advisory Corp grew its holdings in Ball by 0.6% during the first 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. Finally, Fifth Third Bancorp grew its holdings in Ball by 5.7% during the first quarter. Fifth Third Bancorp now owns 8,467 shares of the company’s stock valued at $441,000 after purchasing an additional 457 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Down 0.2%

Shares of BALL stock opened at $58.61 on Friday. The stock has a market cap of $16.26 billion, a P/E ratio of 34.89, a price-to-earnings-growth ratio of 1.58 and a beta of 1.08. Ball Corporation has a one year low of $43.51 and a one year high of $68.12. The stock has a fifty day moving average price of $54.14 and a 200 day moving average price of $52.68. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.04 and a quick ratio of 0.70.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, May 6th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.69 by $0.07. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Ball had a return on equity of 15.41% and a net margin of 4.18%. Ball’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $0.68 earnings per share. Analysts predict that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.20 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.80 annualized dividend and a yield of 1.36%. Ball’s dividend payout ratio is currently 47.62%.

Analyst Upgrades and Downgrades

Several brokerages have commented on BALL. Royal Bank Of Canada increased their price target on Ball from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Mizuho reduced their price objective on Ball from $63.00 to $58.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. UBS Group reduced their price objective on Ball from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Citigroup increased their price objective on Ball from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, 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. 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.40.

Ball Company 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.