MBB Public Markets I LLC Invests $319,000 in Ball Corporation $BALL

Key Points

• MBB Public Markets I LLC has acquired a new position in Ball Corporation, purchasing 6,123 shares valued at approximately $319,000 during the 1st quarter.
• Analyst reports show a mix of ratings for Ball Corporation, with six analysts giving a Buy rating and a consensus price target of $65.27.
• Ball Corporation recently announced a quarterly dividend of $0.20 per share, representing an annualized dividend yield of 1.6%.

MBB Public Markets I LLC acquired a new position in shares of Ball Corporation (NYSE:BALL - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,123 shares of the company's stock, valued at approximately $319,000.

A number of other hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. raised 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 worth $416,681,000 after purchasing an additional 2,453,630 shares during the period. Invesco Ltd. raised 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 worth $227,560,000 after purchasing an additional 210,838 shares during the period. Dimensional Fund Advisors LP raised 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 worth $175,480,000 after purchasing an additional 315,091 shares during the period. Northern Trust Corp raised its stake in shares of Ball by 0.7% during 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 during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Ball by 10.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,147,711 shares of the company's stock worth $118,403,000 after purchasing an additional 207,244 shares during the period. 86.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of the company's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $51.55, for a total transaction of $175,270.00. Following the sale, the chairman directly owned 10,036 shares in the company, valued at $517,355.80. This represents a 25.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.81% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BALL. UBS Group lifted their target price on Ball from $54.00 to $60.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Mizuho lifted their target price on Ball from $60.00 to $68.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Wells Fargo & Company upped their price objective on shares of Ball from $50.00 to $54.00 and gave the company an "underweight" rating in a report on Friday, July 18th. Citigroup upped their price objective on shares of Ball from $55.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, July 3rd. Finally, Royal Bank Of Canada upped their price objective on shares of Ball from $69.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $65.27.

Ball Price Performance

Shares of BALL traded up $0.12 during midday trading on Friday, hitting $51.24. 1,995,081 shares of the company traded hands, compared to its average volume of 2,129,264. The stock has a 50-day moving average of $54.93 and a 200-day moving average of $53.19. Ball Corporation has a one year low of $43.51 and a one year high of $68.12. The firm has a market cap of $13.94 billion, a P/E ratio of 26.55, a PEG ratio of 1.16 and a beta of 1.06. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly 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. Ball had a return on equity of 16.81% and a net margin of 4.49%.The firm had revenue of $3.34 billion for the quarter, compared to analysts' expectations of $3.10 billion. During the same period in the prior year, the business posted $0.74 earnings per share. The company's revenue was up 12.8% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, sell-side analysts predict that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.6%. Ball's dividend payout ratio is currently 41.45%.

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.