Mattson Financial Services LLC Grows Stock Position in Ball Corporation $BALL

Mattson Financial Services LLC boosted its stake in Ball Corporation (NYSE:BALL) by 15.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,142 shares of the company’s stock after acquiring an additional 2,280 shares during the quarter. Mattson Financial Services LLC’s holdings in Ball were worth $893,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its holdings 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 acquiring an additional 2,453,630 shares during the period. Invesco Ltd. boosted its holdings 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 acquiring an additional 210,838 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Ball by 10.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,370,532 shares of the company’s stock worth $175,480,000 after acquiring an additional 315,091 shares during the period. Northern Trust Corp boosted its holdings in Ball by 0.7% in the 1st quarter. Northern Trust Corp now owns 3,046,342 shares of the company’s stock worth $158,623,000 after acquiring an additional 19,921 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Ball by 2.9% in 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 worth $115,034,000 after acquiring an additional 61,498 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

BALL stock opened at $50.10 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. The firm has a market cap of $13.64 billion, a P/E ratio of 25.96, a P/E/G ratio of 1.14 and a beta of 1.06. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $68.12. The stock’s 50 day simple moving average is $55.23 and its 200 day simple moving average is $53.18.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. The business had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.10 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%.The business’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, equities research analysts predict that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BALL shares. Bank of America restated a “neutral” rating and issued a $66.00 price target (down previously from $67.00) on shares of Ball in a report on Wednesday, July 9th. Mizuho increased their target price on Ball from $60.00 to $68.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Barclays reduced their target price on Ball from $61.00 to $57.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 14th. Citigroup increased their target price on Ball from $55.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, July 3rd. Finally, UBS Group increased their target price on Ball from $54.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, July 9th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $65.27.

Insider Activity

In related news, Chairman Daniel William Fisher sold 3,400 shares of the company’s stock in a transaction that occurred 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 sale, the chairman directly owned 10,036 shares of the company’s stock, valued at approximately $517,355.80. This represents a 25.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

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.