Kimelman & Baird LLC Cuts Stock Position in Ball Corporation $BALL

Key Points

• Kimelman & Baird LLC has reduced its holdings in Ball Corporation by 47.7%, selling 4,800 shares in the first quarter and now owns 5,265 shares valued at approximately $274,000.
• Institutional investors now own 86.51% of Ball Corporation's stock, with various firms adjusting their positions, including Cary Street Partners and Whipplewood Advisors.
• Ball Corporation recently reported earnings per share of $0.90, exceeding expectations, and announced a quarterly dividend of $0.20 payable on September 16th, contributing to an annualized yield of 1.5%.

Kimelman & Baird LLC trimmed its position in shares of Ball Corporation (NYSE:BALL - Free Report) by 47.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,265 shares of the company's stock after selling 4,800 shares during the period. Kimelman & Baird LLC's holdings in Ball were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Ball by 44.2% during the 1st quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company's stock valued at $416,681,000 after buying an additional 2,453,630 shares in the last quarter. Invesco Ltd. lifted its stake in shares of 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 lifted its stake in shares of 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. London Co. of Virginia lifted its stake in shares of Ball by 61.1% during the 4th quarter. London Co. of Virginia now owns 3,054,393 shares of the company's stock valued at $168,389,000 after buying an additional 1,158,668 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Ball by 15.1% during the 4th 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 in the last quarter. 86.51% of the stock is owned by institutional investors.

Ball Price Performance

Shares of BALL stock traded up $0.0250 during trading on Wednesday, hitting $53.1650. The company had a trading volume of 2,867,797 shares, compared to its average volume of 2,615,251. The company has a quick ratio of 0.67, a current ratio of 1.00 and a debt-to-equity ratio of 1.23. The stock's 50-day moving average is $56.62 and its two-hundred day moving average is $53.08. The stock has a market capitalization of $14.47 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 1.21 and a beta of 1.08. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $68.12.

Ball (NYSE:BALL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. The company had revenue of $3.34 billion for the quarter, compared to analysts' expectations of $3.10 billion. Ball had a net margin of 4.49% and a return on equity of 16.81%. Ball's revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, analysts predict that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Announces Dividend

The company 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 $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 dividend payout ratio is presently 41.45%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Bank of America restated a "neutral" rating and set a $66.00 price target (down from $67.00) on shares of Ball in a research note on Wednesday, July 9th. Citigroup upped their price target on shares of Ball from $55.00 to $63.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Royal Bank Of Canada increased their price target on shares of Ball from $69.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Mizuho increased their price target on shares of Ball from $60.00 to $68.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, Barclays lowered their price target on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 14th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $65.27.

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.