TD Asset Management Inc Sells 175,830 Shares of Ball Corporation $BALL

TD Asset Management Inc reduced its stake in Ball Corporation (NYSE:BALL) by 15.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 990,868 shares of the company’s stock after selling 175,830 shares during the period. TD Asset Management Inc owned approximately 0.36% of Ball worth $55,578,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in BALL. Brighton Jones LLC boosted its stake in shares of Ball by 41.2% in the fourth quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock valued at $289,000 after buying an additional 1,531 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Ball by 51.3% in the first quarter. Farther Finance Advisors LLC now owns 1,474 shares of the company’s stock valued at $77,000 after buying an additional 500 shares during the period. GAMMA Investing LLC boosted its stake in shares of Ball by 6.0% in the first quarter. GAMMA Investing LLC now owns 3,852 shares of the company’s stock valued at $201,000 after buying an additional 219 shares during the period. SG Americas Securities LLC acquired a new position in Ball during the first quarter valued at approximately $382,000. Finally, Assenagon Asset Management S.A. raised its position in Ball by 53.0% during the first quarter. Assenagon Asset Management S.A. now owns 38,289 shares of the company’s stock valued at $1,994,000 after purchasing an additional 13,262 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BALL has been the subject of several research analyst reports. Bank of America restated a “neutral” rating and set a $66.00 price objective (down from $67.00) on shares of Ball in a research report on Wednesday, July 9th. Truist Financial lowered their price objective on shares of Ball from $69.00 to $65.00 and set a “buy” rating for the company in a research report on Monday. UBS Group lowered their price objective on shares of Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Mizuho lowered their price objective on shares of Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Finally, Wells Fargo & Company lowered their price objective on shares of Ball from $54.00 to $48.00 and set an “underweight” rating for the company in a research report on Wednesday. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.36.

Insiders Place Their Bets

In related news, Chairman Daniel William Fisher sold 3,400 shares of the 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 in the company, valued at $517,355.80. This represents a 25.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.81% of the stock is owned by insiders.

Ball Stock Up 0.0%

Shares of NYSE:BALL opened at $47.58 on Thursday. The company has a fifty day moving average of $50.81 and a 200-day moving average of $52.71. The company has a market capitalization of $12.95 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 1.09 and a beta of 1.09. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00. Ball Corporation has a 52-week low of $43.51 and a 52-week high of $67.84.

Ball (NYSE:BALL) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03. The company 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 company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, equities analysts predict that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

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

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.