Delaney Dennis R Lowers Position in Ball Corporation $BALL

Key Points

• Delaney Dennis R reduced its holdings in Ball Corporation by 49.8%, owning 15,565 shares worth approximately $873,000 after selling 15,445 shares in the second quarter.
• JPMorgan Chase & Co. significantly increased its stake in Ball by 44.2%, now holding over 8 million shares valued at $416 million as of the first quarter.
• Ball Corporation reported $0.90 earnings per share for the last quarter, surpassing the consensus estimate of $0.87, and has set its FY 2025 EPS guidance between 3.550-3.650.

Delaney Dennis R lessened its position in Ball Corporation (NYSE:BALL - Free Report) by 49.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,565 shares of the company's stock after selling 15,445 shares during the quarter. Delaney Dennis R's holdings in Ball were worth $873,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Ball by 44.2% in the 1st quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company's stock valued at $416,681,000 after purchasing an additional 2,453,630 shares during the period. Invesco Ltd. increased its position in Ball by 5.1% during the 1st quarter. Invesco Ltd. now owns 4,370,274 shares of the company's stock valued at $227,560,000 after buying an additional 210,838 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Ball by 10.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,370,532 shares of the company's stock valued at $175,480,000 after buying an additional 315,091 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Ball by 0.7% in the 1st quarter. Northern Trust Corp now owns 3,046,342 shares of the company's stock worth $158,623,000 after purchasing an additional 19,921 shares in the last quarter. Finally, Mirova US LLC increased its holdings in shares of Ball by 4.9% in the 2nd quarter. Mirova US LLC now owns 2,669,081 shares of the company's stock worth $149,709,000 after purchasing an additional 124,814 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company's stock.

Insider Activity at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of the business's 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 transaction, the chairman directly owned 10,036 shares in the company, valued at $517,355.80. The trade was a 25.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.57% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BALL. Truist Financial lifted their target price on Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Citigroup reduced their target price on Ball from $60.00 to $53.00 and set a "neutral" rating for the company in a report on Monday, September 29th. Mizuho reduced their target price on Ball from $68.00 to $61.00 and set an "outperform" rating for the company in a report on Friday, October 3rd. Bank of America reissued a "neutral" rating and issued a $66.00 target price (down previously from $67.00) on shares of Ball in a report on Wednesday, July 9th. Finally, Wells Fargo & Company raised their price target on Ball from $50.00 to $54.00 and gave the stock an "underweight" rating in a research note on Friday, July 18th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $63.27.

Ball Stock Performance

BALL stock opened at $47.07 on Monday. The company has a market cap of $12.81 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 1.08 and a beta of 1.09. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $67.84. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67. The stock's fifty day moving average price is $51.26 and its 200-day moving average price is $52.82.

Ball (NYSE:BALL - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.03. The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.10 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%.Ball's quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business earned $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 year.

Ball Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $0.80 annualized dividend and a yield of 1.7%. Ball's payout ratio is 41.45%.

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.

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