Pallas Capital Advisors LLC Takes Position in Ball Corporation $BALL

Pallas Capital Advisors LLC purchased a new stake in shares of Ball Corporation (NYSE:BALL) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,439 shares of the company’s stock, valued at approximately $361,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BALL. JPMorgan Chase & Co. boosted its stake in Ball by 44.2% in 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. boosted its stake in Ball by 5.1% in 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 boosted its position 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 acquiring an additional 315,091 shares during the last quarter. Northern Trust Corp boosted its position 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 valued at $158,623,000 after acquiring an additional 19,921 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Ball by 2.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,209,209 shares of the company’s stock valued at $115,034,000 after acquiring an additional 61,498 shares during the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on BALL shares. Royal Bank Of Canada increased their price target on Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Mizuho raised their price target on Ball from $60.00 to $68.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. 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. Truist Financial upped their price target on shares of Ball from $62.00 to $69.00 and gave the company a “buy” rating in a report on Friday, July 11th. Finally, UBS Group upped 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. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Ball presently has a consensus rating of “Hold” and an average target price of $65.27.

Ball Trading Down 1.0%

BALL opened at $48.70 on Monday. Ball Corporation has a one year low of $43.51 and a one year high of $68.12. The company has a market cap of $13.25 billion, a P/E ratio of 25.23, a PEG ratio of 1.11 and a beta of 1.06. 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 business’s 50-day simple moving average is $54.03 and its 200-day simple moving average is $53.10.

Ball (NYSE:BALL) last released its quarterly 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. The firm had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.10 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%.The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, equities research analysts expect that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Ball’s dividend payout ratio (DPR) is currently 41.45%.

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 transaction, the chairman directly owned 10,036 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through this link. 0.57% of the stock is owned by corporate insiders.

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.