Ball Corporation $BALL Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. decreased its holdings in shares of Ball Corporation (NYSE:BALL) by 15.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,030 shares of the company’s stock after selling 15,708 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Ball were worth $4,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Praxis Investment Management Inc. lifted its holdings in Ball by 1.2% during the second quarter. Praxis Investment Management Inc. now owns 15,340 shares of the company’s stock valued at $860,000 after purchasing an additional 180 shares in the last quarter. Evermay Wealth Management LLC increased its stake in shares of Ball by 11.5% during the first quarter. Evermay Wealth Management LLC now owns 1,943 shares of the company’s stock worth $101,000 after purchasing an additional 200 shares in the last quarter. EP Wealth Advisors LLC raised its position in shares of Ball by 4.9% during the 1st quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock worth $228,000 after purchasing an additional 205 shares during the last quarter. Ethic Inc. lifted its stake in Ball by 0.6% in the 2nd quarter. Ethic Inc. now owns 34,415 shares of the company’s stock valued at $1,941,000 after buying an additional 205 shares in the last quarter. Finally, Strengthening Families & Communities LLC lifted its stake in Ball by 72.4% in 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 in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on BALL shares. Citigroup cut their price objective on Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. JPMorgan Chase & Co. lowered their price target on Ball from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. UBS Group reduced their price objective on Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Truist Financial decreased their price objective on Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Finally, Raymond James Financial assumed coverage on shares of Ball in a report on Wednesday, October 15th. They set a “market perform” rating for the company. Six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Ball currently has a consensus rating of “Hold” and an average target price of $61.33.

Insider Buying and Selling at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of the firm’s stock in a transaction that occurred on 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 sale, the chairman owned 10,036 shares in the company, valued at $517,355.80. This trade represents a 25.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is currently owned by company insiders.

Ball Stock Up 1.0%

Shares of NYSE:BALL opened at $48.88 on Monday. Ball Corporation has a 52-week low of $43.51 and a 52-week high of $63.35. The stock has a market cap of $13.10 billion, a P/E ratio of 25.33, a PEG ratio of 1.09 and a beta of 1.12. The business has a fifty day moving average of $49.20 and a two-hundred day moving average of $52.86. The company has a quick ratio of 0.67, a current ratio of 1.00 and a debt-to-equity ratio of 1.23.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $1.02 EPS for the quarter, hitting the consensus estimate of $1.02. The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.32 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%.The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, research analysts expect that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, December 1st. Ball’s payout ratio is presently 32.52%.

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.