Rep. Julie Johnson Sells Ball Co. (NYSE:BALL) Shares

Representative Julie Johnson (D-Texas) recently sold shares of Ball Co. (NYSE:BALL). In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Ball stock on April 1st. The trade occurred in the Representative’s “MERRILL LYNCH TAX EFFICIENT CORE” account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/30/2025.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 4/22/2025.
• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/22/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/15/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/11/2025.
• Purchased $1,001 – $15,000 in shares of 3M (NYSE:MMM) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of DT Midstream (NYSE:DTM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Howmet Aerospace (NYSE:HWM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Carlisle Companies (NYSE:CSL) on 4/7/2025.

Ball Trading Up 0.7%

Shares of Ball stock traded up $0.39 on Friday, reaching $53.76. The company had a trading volume of 1,800,658 shares, compared to its average volume of 2,146,062. The firm’s 50 day moving average price is $50.29 and its two-hundred day moving average price is $53.88. The firm has a market cap of $14.91 billion, a PE ratio of 4.25, a PEG ratio of 1.24 and a beta of 1.10. Ball Co. has a 52-week low of $43.51 and a 52-week high of $70.73. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.69 and a current ratio of 1.00.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.91 billion. Ball had a net margin of 33.98% and a return on equity of 16.17%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. Sell-side analysts predict that Ball Co. will post 3.48 earnings per share for the current fiscal year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Monday, June 2nd. Ball’s dividend payout ratio (DPR) is presently 47.62%.

Ball announced that its board has initiated a share repurchase plan on Wednesday, January 29th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 24.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BALL. Norges Bank acquired a new position in Ball during the 4th quarter worth approximately $190,105,000. JPMorgan Chase & Co. grew its holdings in Ball by 44.2% during 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 in the last quarter. Raymond James Financial Inc. acquired a new position in Ball during the 4th quarter worth approximately $94,861,000. London Co. of Virginia grew its holdings in Ball by 61.1% during the 4th quarter. London Co. of Virginia now owns 3,054,393 shares of the company’s stock worth $168,389,000 after acquiring an additional 1,158,668 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in Ball by 359.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,184,629 shares of the company’s stock worth $60,299,000 after acquiring an additional 926,728 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on BALL. Wells Fargo & Company boosted their price target on shares of Ball from $44.00 to $50.00 and gave the company an “underweight” rating in a research note on Wednesday, May 7th. Loop Capital dropped their price objective on shares of Ball from $83.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, May 7th. Robert W. Baird dropped their price objective on shares of Ball from $70.00 to $63.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. UBS Group dropped their price objective on shares of Ball from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Finally, Morgan Stanley dropped their price objective on shares of Ball from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $61.00.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

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.