Ball Corporation $BALL Shares Bought by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. grew its stake in shares of Ball Corporation (NYSE:BALL) by 15.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 385,080 shares of the company’s stock after purchasing an additional 50,910 shares during the quarter. Deprince Race & Zollo Inc. owned approximately 0.14% of Ball worth $19,416,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Rosenberg Matthew Hamilton boosted its position in Ball by 145.0% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock valued at $29,000 after purchasing an additional 306 shares during the period. MUFG Securities EMEA plc bought a new stake in Ball in the second quarter valued at $46,000. CYBER HORNET ETFs LLC acquired a new position in shares of Ball during the second quarter valued at $47,000. IFP Advisors Inc boosted its holdings in shares of Ball by 103.2% during the second quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock valued at $68,000 after acquiring an additional 580 shares during the period. Finally, UMB Bank n.a. grew its position in shares of Ball by 336.9% during the second quarter. UMB Bank n.a. now owns 1,337 shares of the company’s stock worth $75,000 after acquiring an additional 1,031 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Price Performance

NYSE BALL opened at $52.66 on Monday. Ball Corporation has a 12 month low of $43.51 and a 12 month high of $60.28. The firm has a market capitalization of $14.11 billion, a PE ratio of 21.41, a P/E/G ratio of 1.13 and a beta of 1.13. The company’s 50 day simple moving average is $49.19 and its 200 day simple moving average is $52.05. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.11 and a quick ratio of 0.72.

Ball (NYSE:BALL) last released its earnings results on Tuesday, November 4th. The company reported $1.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.02. The firm had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.32 billion. Ball had a return on equity of 17.89% and a net margin of 5.36%.The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, equities research analysts forecast that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.80 annualized dividend and a yield of 1.5%. Ball’s dividend payout ratio (DPR) is currently 32.52%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BALL. JPMorgan Chase & Co. cut their price objective on shares of Ball from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Citigroup decreased their target price on shares of Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. Wells Fargo & Company dropped their price target on shares of Ball from $54.00 to $48.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 15th. UBS Group reduced 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. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Ball in a report on Monday, December 15th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $60.92.

Ball Profile

Ball Corporation is a leading provider of sustainable aluminum packaging solutions and advanced aerospace technologies. Headquartered in Broomfield, Colorado, the company serves customers in the beverage, food and aerosol markets through a global network of manufacturing facilities. With an emphasis on sustainability and innovation, Ball designs and produces metal cans, bottles and ends that support recycling and reduce environmental impact.

The company’s packaging segment specializes in beverage cans for soft drinks, beer and energy drinks, as well as metal packaging for food and personal care applications.