Ball Corporation $BALL Shares Acquired by Vident Advisory LLC

Key Points

• Vident Advisory LLC significantly increased its position in Ball Corporation shares by 214.7% in the first quarter, now owning 13,316 shares valued at approximately $693,000.
• The company reported $0.90 EPS for the recent quarter, exceeding analyst estimates, with a revenue of $3.34 billion, up 12.8% from the previous year.
• Ball also declared a quarterly dividend of $0.20 per share, representing an annual yield of 1.6%. The dividend payout ratio is currently at 41.45%.

Vident Advisory LLC grew its position in Ball Corporation (NYSE:BALL - Free Report) by 214.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,316 shares of the company's stock after buying an additional 9,085 shares during the period. Vident Advisory LLC's holdings in Ball were worth $693,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Ball by 41.2% during the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company's stock worth $289,000 after purchasing an additional 1,531 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Ball by 5.2% during the 4th quarter. Ameriprise Financial Inc. now owns 768,087 shares of the company's stock worth $42,423,000 after purchasing an additional 37,863 shares during the period. Benjamin Edwards Inc. purchased a new position in shares of Ball during the 4th quarter worth approximately $244,000. Deprince Race & Zollo Inc. boosted its position in shares of Ball by 3.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 253,832 shares of the company's stock worth $13,994,000 after purchasing an additional 8,355 shares during the period. Finally, Deutsche Bank AG boosted its position in shares of Ball by 39.3% during the 4th quarter. Deutsche Bank AG now owns 1,278,849 shares of the company's stock worth $70,503,000 after purchasing an additional 360,802 shares during the period. Hedge funds and other institutional investors own 86.51% of the company's stock.

Insider Buying and Selling at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of the firm's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $51.55, for a total value of $175,270.00. Following the sale, the chairman directly owned 10,036 shares in the company, valued at approximately $517,355.80. This trade represents a 25.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BALL. UBS Group increased their price objective on shares of Ball from $54.00 to $60.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Truist Financial increased their price objective on shares of Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Citigroup upped their target price on shares of Ball from $55.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Barclays cut their target price on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 14th. Finally, Royal Bank Of Canada raised their price target on shares of Ball from $69.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Ball has an average rating of "Hold" and a consensus target price of $65.27.

Ball Stock Up 2.1%

BALL stock traded up $1.05 during midday trading on Thursday, hitting $51.12. The company's stock had a trading volume of 1,687,985 shares, compared to its average volume of 2,146,673. The company has a quick ratio of 0.67, a current ratio of 1.00 and a debt-to-equity ratio of 1.23. Ball Corporation has a 52-week low of $43.51 and a 52-week high of $68.12. The firm has a market capitalization of $13.91 billion, a P/E ratio of 26.49, a PEG ratio of 1.14 and a beta of 1.06. The firm has a 50-day simple moving average of $55.08 and a 200-day simple moving average of $53.18.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.03. Ball had a net margin of 4.49% and a return on equity of 16.81%. The business had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the business earned $0.74 EPS. The company's revenue was up 12.8% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, equities analysts forecast that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Ball's dividend payout ratio (DPR) is presently 41.45%.

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.