Jag Capital Management LLC Has $1.38 Million Stock Position in Ball Corporation $BALL

Jag Capital Management LLC decreased its position in Ball Corporation (NYSE:BALL) by 1.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,579 shares of the company’s stock after selling 473 shares during the period. Jag Capital Management LLC’s holdings in Ball were worth $1,379,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NorthRock Partners LLC lifted its holdings in shares of Ball by 45.3% during the 2nd quarter. NorthRock Partners LLC now owns 5,941 shares of the company’s stock valued at $333,000 after purchasing an additional 1,852 shares in the last quarter. CWM LLC increased its stake in Ball by 115.4% during the 2nd quarter. CWM LLC now owns 59,075 shares of the company’s stock worth $3,314,000 after purchasing an additional 31,648 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in Ball by 7.3% during the 2nd quarter. Apollon Wealth Management LLC now owns 4,979 shares of the company’s stock worth $279,000 after buying an additional 339 shares during the period. Hemington Wealth Management raised its holdings in Ball by 786.1% during the 2nd quarter. Hemington Wealth Management now owns 1,790 shares of the company’s stock worth $100,000 after buying an additional 1,588 shares during the period. Finally, Lester Murray Antman dba SimplyRich bought a new position in Ball in the second quarter valued at approximately $266,000. 86.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ball

In related 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 owned 10,036 shares in the company, valued at approximately $517,355.80. This represents a 25.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on BALL. Weiss Ratings reissued a “hold (c)” rating on shares of Ball in a research report on Wednesday, October 8th. UBS Group reduced their target price on shares of Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Truist Financial lowered their target price on Ball from $69.00 to $65.00 and set a “buy” rating for the company in a report on Monday. Royal Bank Of Canada lifted their price target on Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Finally, Citigroup cut their price target on Ball from $60.00 to $53.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Ball currently has a consensus rating of “Hold” and an average target price of $62.91.

Ball Stock Down 0.1%

Ball stock opened at $47.06 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. Ball Corporation has a 1-year low of $43.51 and a 1-year high of $67.84. The company has a fifty day simple moving average of $51.05 and a 200 day simple moving average of $52.79. The company has a market cap of $12.81 billion, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 1.08 and a beta of 1.09.

Ball (NYSE:BALL) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.87 by $0.03. Ball had a net margin of 4.49% and a return on equity of 16.81%. 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 previous year, the firm posted $0.74 EPS. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Research analysts anticipate that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

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