Deprince Race & Zollo Inc. Sells 18,899 Shares of Ball Corporation $BALL

Deprince Race & Zollo Inc. cut its holdings in shares of Ball Corporation (NYSE:BALL) by 4.3% in the first quarter, Holdings Channel reports. The institutional investor owned 425,218 shares of the company’s stock after selling 18,899 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Ball were worth $25,135,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of BALL. GoalVest Advisory LLC acquired a new stake in shares of Ball in the fourth quarter worth $25,000. Board of the Pension Protection Fund acquired a new position in Ball during the 4th quarter valued at $26,000. Triumph Capital Management acquired a new position in Ball during the 3rd quarter valued at $26,000. Gilpin Wealth Management LLC bought a new stake in Ball in the 4th quarter valued at $29,000. Finally, Harbour Investments Inc. boosted its holdings in Ball by 44.1% in the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock valued at $38,000 after purchasing an additional 222 shares during the period. 86.51% of the stock is owned by institutional investors.

Ball Trading Down 1.2%

Shares of Ball stock opened at $61.66 on Thursday. The firm has a market capitalization of $16.42 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.12 and a quick ratio of 0.72. The company’s fifty day moving average price is $57.82 and its two-hundred day moving average price is $58.99. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29.

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.34 billion. Ball had a net margin of 6.86% and a return on equity of 18.69%. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period last year, the firm earned $0.76 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. On average, analysts expect that Ball Corporation will post 3.99 EPS for the current year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, June 1st. Ball’s dividend payout ratio is 23.12%.

Analyst Ratings Changes

Several analysts have issued reports on BALL shares. Raymond James Financial set a $73.00 price target on shares of Ball and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. UBS Group cut their price objective on shares of Ball from $66.00 to $64.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Truist Financial increased their target price on shares of Ball from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Citigroup decreased their target price on Ball from $74.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Finally, Wells Fargo & Company boosted their price target on Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $69.54.

About Ball

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.