Jacobs Levy Equity Management Inc. Raises Stock Position in Ball Corporation $BALL

Key Points

• Jacobs Levy Equity Management Inc. has increased its holdings in Ball Corporation by 31.7%, now owning approximately 641,724 shares valued at about $33.4 million.
• Institutional investors and hedge funds control 86.51% of Ball Corporation's stock, highlighting significant interest from large financial entities.
• Ball Corporation reported earnings of $0.90 per share for the last quarter, exceeding estimates by $0.03, with a year-over-year revenue increase of 12.8%.

Jacobs Levy Equity Management Inc. increased its stake in Ball Corporation (NYSE:BALL - Free Report) by 31.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 641,724 shares of the company's stock after purchasing an additional 154,312 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.23% of Ball worth $33,415,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BALL. Evermay Wealth Management LLC boosted its stake in shares of Ball by 11.5% during the 1st quarter. Evermay Wealth Management LLC now owns 1,943 shares of the company's stock worth $101,000 after acquiring an additional 200 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in shares of Ball by 4.9% during the 1st quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company's stock worth $228,000 after acquiring an additional 205 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Ball by 6.0% during the 1st quarter. GAMMA Investing LLC now owns 3,852 shares of the company's stock valued at $201,000 after buying an additional 219 shares in the last quarter. Strengthening Families & Communities LLC lifted its stake in shares of Ball by 72.4% during the 1st quarter. Strengthening Families & Communities LLC now owns 707 shares of the company's stock valued at $37,000 after buying an additional 297 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Ball by 11.7% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,938 shares of the company's stock valued at $153,000 after buying an additional 307 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company's stock.

Ball Stock Performance

Shares of NYSE:BALL traded up $0.77 on Thursday, hitting $50.84. 313,069 shares of the company were exchanged, compared to its average volume of 2,590,050. Ball Corporation has a 1-year low of $43.51 and a 1-year high of $68.12. The stock's 50 day moving average price is $55.23 and its 200 day moving average price is $53.18. 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 $13.83 billion, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 1.14 and a beta of 1.06.

Ball (NYSE:BALL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 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 business 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 posted $0.74 earnings per share. The business's revenue for the quarter was up 12.8% compared to the same quarter last year. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Sell-side analysts predict 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 dividend of $0.20 per share. 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 dividend payout ratio (DPR) is 41.45%.

Insider Activity

In related news, Chairman Daniel William Fisher sold 3,400 shares of the firm's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $51.55, for a total transaction 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. This trade represents a 25.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.81% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. 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 note on Friday, July 11th. Wells Fargo & Company upped their price target on shares of Ball from $50.00 to $54.00 and gave the company an "underweight" rating in a report on Friday, July 18th. Barclays dropped their target price on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 14th. Royal Bank Of Canada upped 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. Finally, Bank of America reissued a "neutral" rating and set a $66.00 price objective (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Ball currently has a consensus rating of "Hold" and a consensus price target of $65.27.

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.