JGP Wealth Management LLC Sells 998 Shares of Ball Corporation $BALL

JGP Wealth Management LLC lessened its stake in shares of Ball Corporation (NYSE:BALL) by 7.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,826 shares of the company’s stock after selling 998 shares during the quarter. JGP Wealth Management LLC’s holdings in Ball were worth $719,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cary Street Partners Investment Advisory LLC bought a new position in Ball in the 1st quarter valued at $32,000. Strengthening Families & Communities LLC raised its position in Ball by 72.4% in the 1st quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock valued at $37,000 after purchasing an additional 297 shares during the last quarter. SVB Wealth LLC bought a new position in Ball in the 1st quarter valued at $39,000. Federated Hermes Inc. raised its position in Ball by 40.4% in the 1st quarter. Federated Hermes Inc. now owns 1,311 shares of the company’s stock valued at $68,000 after purchasing an additional 377 shares during the last quarter. Finally, IFP Advisors Inc raised its position in Ball by 103.2% in the 2nd quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock valued at $68,000 after purchasing an additional 580 shares during the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ball

In related news, Chairman Daniel William Fisher sold 3,400 shares of Ball stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $51.55, for a total transaction of $175,270.00. Following the completion of the sale, the chairman directly owned 10,036 shares of the company’s stock, valued at $517,355.80. The trade was a 25.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is currently owned by company insiders.

Ball Stock Up 1.1%

Shares of Ball stock opened at $47.57 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 1.00 and a debt-to-equity ratio of 1.23. Ball Corporation has a 12 month low of $43.51 and a 12 month high of $67.84. The business has a fifty day simple moving average of $50.91 and a 200 day simple moving average of $52.75. The stock has a market cap of $12.95 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 1.08 and a beta of 1.09.

Ball (NYSE:BALL) last announced its quarterly earnings data 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 return on equity of 16.81% and a net margin of 4.49%.The business had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the firm earned $0.74 earnings per share. The firm’s quarterly 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. Research analysts predict that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. Ball’s payout ratio is 41.45%.

Analysts Set New Price Targets

Several brokerages have issued reports on BALL. Bank of America reiterated a “neutral” rating and issued a $66.00 price objective (down previously from $67.00) on shares of Ball in a research report on Wednesday, July 9th. UBS Group cut their price objective on Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Ball in a research note on Wednesday, October 8th. Truist Financial lowered their target price on Ball from $69.00 to $65.00 and set a “buy” rating for the company in a research note on Monday. Finally, Wells Fargo & Company lifted their target price on Ball from $50.00 to $54.00 and gave the company an “underweight” rating in a research note on Friday, July 18th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $62.91.

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.