Cullen Frost Bankers Inc. Purchases 83,490 Shares of Ball Corporation $BALL

Cullen Frost Bankers Inc. raised its position in shares of Ball Corporation (NYSE:BALL) by 243.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,740 shares of the company’s stock after acquiring an additional 83,490 shares during the period. Cullen Frost Bankers Inc.’s holdings in Ball were worth $5,936,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Rosenberg Matthew Hamilton lifted its position in shares of Ball by 145.0% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock worth $29,000 after purchasing an additional 306 shares during the last quarter. SJS Investment Consulting Inc. increased its position in Ball by 4,236.8% in the 3rd quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock worth $42,000 after buying an additional 805 shares during the period. MUFG Securities EMEA plc bought a new position in Ball in the 2nd quarter worth approximately $46,000. CYBER HORNET ETFs LLC acquired a new position in shares of Ball during the second quarter worth approximately $47,000. Finally, IFP Advisors Inc boosted its position in shares of Ball by 103.2% in 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. 86.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BALL. JPMorgan Chase & Co. dropped their target price 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. Bank of America upgraded shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Monday, November 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ball in a research report on Monday, December 29th. Truist Financial lifted their target price on Ball from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Citigroup raised Ball from a “neutral” rating to a “buy” rating and upped their price target for the company from $54.00 to $67.00 in a report on Tuesday, January 6th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ball presently has an average rating of “Moderate Buy” and a consensus price target of $62.83.

Ball Stock Up 1.9%

NYSE BALL opened at $57.38 on Monday. Ball Corporation has a 1-year low of $43.51 and a 1-year high of $60.28. The company has a market capitalization of $15.38 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 1.13 and a beta of 1.14. The stock’s 50 day moving average is $51.86 and its two-hundred day moving average is $51.77. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 1.26.

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

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.4%. Ball’s dividend payout ratio (DPR) is presently 32.52%.

Ball Company 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.