Y Intercept Hong Kong Ltd Purchases Shares of 153,277 Ball Corporation $BALL

Y Intercept Hong Kong Ltd bought a new stake in shares of Ball Corporation (NYSE:BALL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 153,277 shares of the company’s stock, valued at approximately $8,597,000.

Several other institutional investors also recently bought and sold shares of BALL. Rosenberg Matthew Hamilton boosted its stake in shares of Ball by 145.0% during the second quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock valued at $29,000 after purchasing an additional 306 shares during the period. Cary Street Partners Investment Advisory LLC purchased a new stake in Ball during the 1st quarter valued at $32,000. Strengthening Families & Communities LLC boosted its position in Ball by 72.4% during the 1st quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock valued at $37,000 after buying an additional 297 shares during the period. SVB Wealth LLC purchased a new stake in Ball during the 1st quarter valued at $39,000. Finally, IFP Advisors Inc boosted its position in Ball by 103.2% during the 2nd quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock valued at $68,000 after buying an additional 580 shares during the period. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman Daniel William Fisher sold 3,400 shares of Ball stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $51.55, for a total transaction of $175,270.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BALL. Raymond James Financial began coverage on shares of Ball in a report on Wednesday, October 15th. They set a “market perform” rating for the company. Wells Fargo & Company dropped their price objective on Ball from $54.00 to $48.00 and set an “underweight” rating for the company in a report on Wednesday, October 15th. Truist Financial dropped their price objective on Ball from $69.00 to $65.00 and set a “buy” rating for the company in a report on Monday, October 13th. Citigroup dropped their price objective on Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Finally, Mizuho dropped their price target on Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.36.

Ball Stock Performance

Shares of BALL opened at $49.88 on Monday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67. Ball Corporation has a one year low of $43.51 and a one year high of $65.06. The company has a 50-day simple moving average of $50.13 and a two-hundred day simple moving average of $52.78. The firm has a market capitalization of $13.57 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 1.14 and a beta of 1.09.

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

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.80 annualized dividend and a yield of 1.6%. Ball’s dividend payout ratio (DPR) is currently 41.45%.

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.