Ball Corporation $BALL Stock Holdings Lifted by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its stake in Ball Corporation by 10.3%, adding 315,091 shares in Q1, bringing its total holdings to approximately 3.37 million shares valued at $175.48 million.
• Analysts have issued varying forecasts for Ball's stock, with price targets ranging from $54.00 to $83.00, indicating a consensus rating of "Hold" and a price target of $65.27.
• Ball Corporation recently declared a quarterly dividend of $0.20 per share, with an annualized yield of 1.5%, and is set to distribute the payment on September 16th.

Dimensional Fund Advisors LP boosted its position in Ball Corporation (NYSE:BALL - Free Report) by 10.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,370,532 shares of the company's stock after purchasing an additional 315,091 shares during the quarter. Dimensional Fund Advisors LP owned about 1.21% of Ball worth $175,480,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BALL. Brighton Jones LLC lifted 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 purchasing an additional 1,531 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in Ball in the 4th quarter valued at about $568,000. Jump Financial LLC bought a new stake in Ball in the 4th quarter valued at about $454,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Ball in the 4th quarter valued at about $864,000. Finally, Norinchukin Bank The lifted its position in Ball by 15.1% in the 4th quarter. Norinchukin Bank The now owns 15,695 shares of the company's stock valued at $865,000 after purchasing an additional 2,059 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Ball Price Performance

Shares of NYSE BALL traded up $0.9930 during midday trading on Friday, reaching $53.7030. The company's stock had a trading volume of 2,529,319 shares, 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. The company has a 50 day moving average price of $56.56 and a 200 day moving average price of $53.08. Ball Corporation has a one year low of $43.51 and a one year high of $68.12. The company has a market cap of $14.62 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 1.22 and a beta of 1.08.

Ball (NYSE:BALL - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, topping 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 the consensus estimate of $3.10 billion. During the same period in the previous year, the firm earned $0.74 EPS. The business'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. On average, equities research analysts expect that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors 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 1.5%. The ex-dividend date is Tuesday, September 2nd. Ball's payout ratio is presently 41.45%.

Analysts Set New Price Targets

Several analysts recently weighed in on BALL shares. Royal Bank Of Canada lifted their price objective 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. Mizuho boosted their price target on shares of Ball from $60.00 to $68.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Truist Financial boosted their price target 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 boosted their price target on shares of Ball from $55.00 to $63.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Finally, Barclays dropped their price target on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 14th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $65.27.

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.