Crumly & Associates Inc. Sells 5,577 Shares of Ball Corporation $BALL

Key Points

• Crumly & Associates Inc. has reduced its stake in Ball Corporation by 57.7%, selling 5,577 shares and holding 4,095 shares valued at $230,000 post-sale.
• Multiple institutional investors, including JPMorgan Chase & Co. and DekaBank Deutsche Girozentrale, have significantly increased their holdings in Ball, illustrating strong institutional interest.
• Ball Corporation recently declared a $0.20 quarterly dividend, with an annualized yield of 1.6%, which will be paid to stockholders on September 16th.

Crumly & Associates Inc. decreased its position in Ball Corporation (NYSE:BALL - Free Report) by 57.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,095 shares of the company's stock after selling 5,577 shares during the period. Crumly & Associates Inc.'s holdings in Ball were worth $230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in BALL. JPMorgan Chase & Co. grew its holdings in shares of Ball by 44.2% in the first quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company's stock worth $416,681,000 after purchasing an additional 2,453,630 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Ball by 359.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,184,629 shares of the company's stock worth $60,299,000 after acquiring an additional 926,728 shares during the period. Nuveen LLC purchased a new stake in Ball in the first quarter worth $47,606,000. First Manhattan CO. LLC. lifted its stake in Ball by 38.2% in the first quarter. First Manhattan CO. LLC. now owns 1,653,305 shares of the company's stock worth $86,088,000 after acquiring an additional 457,230 shares during the period. Finally, Deutsche Bank AG lifted its stake in Ball by 35.5% in the first quarter. Deutsche Bank AG now owns 1,733,004 shares of the company's stock worth $90,238,000 after acquiring an additional 454,155 shares during the period. Institutional investors own 86.51% of the company's stock.

Insider Activity

In other news, Chairman Daniel William Fisher sold 3,400 shares of Ball stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $51.55, for a total value of $175,270.00. Following the completion of the transaction, the chairman owned 10,036 shares of the company's stock, valued at $517,355.80. The trade was a 25.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BALL shares. UBS Group raised their price target on Ball from $54.00 to $60.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Citigroup raised their price target on Ball from $55.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Truist Financial raised their price target on Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Royal Bank Of Canada raised their price target on Ball from $69.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Finally, Mizuho raised their price target on Ball from $60.00 to $68.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $65.27.

Ball Stock Performance

Shares of Ball stock opened at $51.24 on Friday. 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 $13.94 billion, a P/E ratio of 26.55, a P/E/G ratio of 1.16 and a beta of 1.06. The business has a fifty day simple moving average of $54.93 and a two-hundred day simple moving average of $53.18. Ball Corporation has a 12 month low of $43.51 and a 12 month high of $68.12.

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

Ball Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Ball's payout ratio is currently 41.45%.

About Ball

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.

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