Kidder Stephen W Sells 10,245 Shares of Ball Corporation $BALL

Kidder Stephen W reduced its position in Ball Corporation (NYSE:BALL) by 67.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,035 shares of the company’s stock after selling 10,245 shares during the period. Kidder Stephen W’s holdings in Ball were worth $282,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BALL. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Ball by 12.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,718 shares of the company’s stock valued at $2,044,000 after buying an additional 4,289 shares in the last quarter. EP Wealth Advisors LLC increased its position in shares of Ball by 4.9% during the first quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock worth $228,000 after acquiring an additional 205 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Ball by 5.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 122,483 shares of the company’s stock worth $6,378,000 after acquiring an additional 5,841 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Ball by 20.7% in the 1st quarter. Russell Investments Group Ltd. now owns 601,522 shares of the company’s stock valued at $31,313,000 after acquiring an additional 103,022 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Ball by 12.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 55,997 shares of the company’s stock valued at $2,916,000 after purchasing an additional 6,106 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Trading Down 2.3%

NYSE BALL opened at $48.48 on Wednesday. The business’s fifty day moving average is $51.84 and its 200-day moving average is $52.87. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67. The stock has a market capitalization of $13.19 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 1.13 and a beta of 1.09. Ball Corporation has a one year low of $43.51 and a one year high of $67.84.

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

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $0.20 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.80 annualized dividend and a yield of 1.7%. Ball’s dividend payout ratio is presently 41.45%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BALL. Weiss Ratings reissued a “hold (c)” rating on shares of Ball in a research note on Saturday, September 27th. Citigroup decreased their price target on Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Royal Bank Of Canada raised their price objective on Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Truist Financial upped their target price on shares of Ball from $62.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Finally, UBS Group lowered their target price on shares of Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Monday. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $63.27.

Insiders Place Their Bets

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $51.55, for a total value of $175,270.00. Following the completion of the sale, the chairman directly owned 10,036 shares of the company’s stock, valued at $517,355.80. This trade represents a 25.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.57% of the company’s stock.

Ball Company 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.