Inspire Trust Co. N.A. Has $3.07 Million Position in Ball Corporation $BALL

Key Points

• Inspire Trust Co. N.A. increased its holdings in Ball Corporation by 9.3%, owning 59,000 shares valued at approximately $3.07 million after acquiring an additional 5,000 shares.
• Several institutional investors, including Mirae Asset Global Investments and Wealth Enhancement Advisory Services, have also raised their stakes in Ball Corporation, contributing to the fact that 86.51% of the stock is held by institutional investors.
• Ball Corporation reported earnings of $0.90 per share for the last quarter, exceeding analysts' expectations, and announced a $0.20 dividend per share, set to be paid on September 16th.

Inspire Trust Co. N.A. boosted its stake in Ball Corporation (NYSE:BALL - Free Report) by 9.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,000 shares of the company's stock after purchasing an additional 5,000 shares during the period. Inspire Trust Co. N.A.'s holdings in Ball were worth $3,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BALL. JPMorgan Chase & Co. increased its holdings in 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 acquiring an additional 2,453,630 shares during the last quarter. Invesco Ltd. lifted its position in Ball by 5.1% during the first quarter. Invesco Ltd. now owns 4,370,274 shares of the company's stock valued at $227,560,000 after acquiring an additional 210,838 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Ball by 13.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,055,441 shares of the company's stock worth $168,447,000 after buying an additional 367,798 shares during the last quarter. London Co. of Virginia increased its stake in shares of Ball by 61.1% in the fourth quarter. London Co. of Virginia now owns 3,054,393 shares of the company's stock worth $168,389,000 after acquiring an additional 1,158,668 shares during the period. Finally, Northern Trust Corp grew its position in Ball by 15.1% during the fourth quarter. Northern Trust Corp now owns 3,026,421 shares of the company's stock valued at $166,847,000 after buying an additional 396,633 shares during the period. Hedge funds and other institutional investors own 86.51% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BALL shares. Royal Bank Of Canada lifted their target price on shares of Ball from $69.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. UBS Group upped their price target on shares of Ball from $54.00 to $60.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Citigroup increased their price target on shares of Ball from $55.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, July 3rd. Mizuho increased their price target on shares of Ball from $60.00 to $68.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, Loop Capital decreased their target price on shares of Ball from $83.00 to $78.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Ball presently has an average rating of "Hold" and a consensus target price of $65.27.

Ball Trading Up 0.7%

Shares of NYSE:BALL traded up $0.3620 during mid-day trading on Tuesday, hitting $53.2120. The stock had a trading volume of 1,142,542 shares, compared to its average volume of 2,624,143. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00. The company has a market cap of $14.48 billion, a PE ratio of 27.56, a P/E/G ratio of 1.22 and a beta of 1.08. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $68.12. The company's 50 day moving average is $56.69 and its 200-day moving average is $53.07.

Ball (NYSE:BALL - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share (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 company had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. The company's revenue was up 12.8% compared to the same quarter last year. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, sell-side analysts predict that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Ball's dividend payout ratio (DPR) is presently 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.