HighTower Advisors LLC Has $935,000 Stock Position in Ball Corporation $BALL

Key Points

• HighTower Advisors LLC reduced its stake in Ball Corporation by 42.7%, selling 13,404 shares, and now holds 17,966 shares valued at approximately $935,000.
• JPMorgan Chase & Co. increased its position in Ball by 44.2%, owning over 8 million shares after adding 2.45 million shares last quarter.
• Ball Corporation announced a $0.20 quarterly dividend, set to be paid on September 16th, representing an annualized dividend of $0.80 with a 1.5% yield.

HighTower Advisors LLC cut its position in Ball Corporation (NYSE:BALL - Free Report) by 42.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,966 shares of the company's stock after selling 13,404 shares during the period. HighTower Advisors LLC's holdings in Ball were worth $935,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BALL. Brighton Jones LLC increased its position in Ball by 41.2% in the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company's stock valued at $289,000 after acquiring an additional 1,531 shares in the last quarter. MML Investors Services LLC increased its position in Ball by 7.6% in the 4th quarter. MML Investors Services LLC now owns 21,732 shares of the company's stock valued at $1,198,000 after acquiring an additional 1,542 shares in the last quarter. Stifel Financial Corp increased its position in Ball by 85.1% in the 4th quarter. Stifel Financial Corp now owns 81,146 shares of the company's stock valued at $4,474,000 after acquiring an additional 37,318 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in Ball in the 4th quarter valued at about $245,000. Finally, Northern Trust Corp lifted its position in Ball by 15.1% during the 4th quarter. Northern Trust Corp now owns 3,026,421 shares of the company's stock valued at $166,847,000 after purchasing an additional 396,633 shares during the period. Institutional investors and hedge funds own 86.51% of the company's stock.

Ball Stock Up 1.0%

Shares of BALL stock traded up $0.54 on Friday, hitting $52.61. 1,787,849 shares of the stock were exchanged, compared to its average volume of 2,685,026. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $14.32 billion, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 1.20 and a beta of 1.08. The business has a 50-day moving average of $56.23 and a 200 day moving average of $53.16. Ball Corporation has a fifty-two week low of $43.51 and a fifty-two week high of $68.12.

Ball (NYSE:BALL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. The company had revenue of $3.34 billion during the quarter, compared to analysts' expectations of $3.10 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%.Ball's revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Equities analysts anticipate 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 given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Ball's dividend payout ratio is currently 41.45%.

Analysts Set New Price Targets

A number of research analysts have issued reports on BALL shares. Royal Bank Of Canada upped their target price 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. Wells Fargo & Company boosted their target price on Ball from $50.00 to $54.00 and gave the stock an "underweight" rating in a research report on Friday, July 18th. Barclays decreased their target price 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. Bank of America reaffirmed a "neutral" rating and set a $66.00 price target (down previously from $67.00) on shares of Ball in a research report on Wednesday, July 9th. Finally, Loop Capital dropped their price target on Ball from $83.00 to $78.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Six equities research 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. Based on data from MarketBeat.com, Ball has an average rating of "Hold" and a consensus target price of $65.27.

Insider Buying and Selling at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of the company's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $51.55, for a total transaction of $175,270.00. Following the completion of the transaction, the chairman directly owned 10,036 shares of the company's stock, valued at $517,355.80. This represents a 25.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is owned by corporate insiders.

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.