Cresset Asset Management LLC Decreases Stock Position in Ball Corporation $BALL

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Cresset Asset Management LLC lessened its position in Ball Corporation (NYSE:BALL - Free Report) by 46.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,471 shares of the company's stock after selling 46,613 shares during the period. Cresset Asset Management LLC's holdings in Ball were worth $2,784,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Ball in the first quarter valued at approximately $32,000. Strengthening Families & Communities LLC raised its position in shares of Ball by 72.4% in the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company's stock valued at $37,000 after buying an additional 297 shares during the last quarter. Whipplewood Advisors LLC raised its position in shares of Ball by 764.9% in the first quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock valued at $42,000 after buying an additional 719 shares during the last quarter. Parvin Asset Management LLC acquired a new position in shares of Ball in the fourth quarter valued at approximately $70,000. Finally, Federated Hermes Inc. raised its position in shares of Ball by 40.4% in the first quarter. Federated Hermes Inc. now owns 1,311 shares of the company's stock valued at $68,000 after buying an additional 377 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Barclays lowered their target price on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating for the company in a report on Wednesday, May 14th. Loop Capital lowered their target price on shares of Ball from $83.00 to $78.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Bank of America restated a "neutral" rating and issued a $66.00 target price (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Truist Financial boosted their target price on shares of Ball from $62.00 to $69.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, Wells Fargo & Company boosted their target price on shares of Ball from $50.00 to $54.00 and gave the company an "underweight" rating in a report on Friday, July 18th. Six investment 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. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $65.27.

Ball Trading Up 1.9%

BALL traded up $0.9930 during trading on Friday, hitting $53.7030. 2,529,319 shares of the company's stock were exchanged, compared to its average volume of 2,662,197. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $68.12. The stock has a 50 day moving average price of $56.56 and a 200 day moving average price of $53.07. The firm has a market cap of $14.62 billion, a P/E ratio of 27.83, a price-to-earnings-growth ratio of 1.20 and a beta of 1.08.

Ball (NYSE:BALL - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03. Ball had a net margin of 4.49% and a return on equity of 16.81%. The company had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the firm earned $0.74 earnings per share. Ball's revenue for the quarter 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, analysts expect that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.20 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.5%. Ball's dividend payout ratio is 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.