Metis Global Partners LLC Sells 3,059 Shares of Ball Corporation $BALL

Metis Global Partners LLC trimmed its stake in shares of Ball Corporation (NYSE:BALL) by 15.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,985 shares of the company’s stock after selling 3,059 shares during the period. Metis Global Partners LLC’s holdings in Ball were worth $953,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. EP Wealth Advisors LLC lifted its holdings in 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 buying an additional 205 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Ball by 48.3% during the second quarter. Nordea Investment Management AB now owns 72,657 shares of the company’s stock worth $4,074,000 after acquiring an additional 23,657 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Ball by 20.7% in the first 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 during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Ball by 22.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 84,503 shares of the company’s stock worth $4,399,000 after purchasing an additional 15,300 shares during the last quarter. Finally, Inspire Trust Co. N.A. lifted its position in Ball by 9.3% during the 1st quarter. Inspire Trust Co. N.A. now owns 59,000 shares of the company’s stock valued at $3,072,000 after purchasing an additional 5,000 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BALL shares. Mizuho cut their price objective on shares of Ball from $68.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Citigroup dropped their target price on shares of Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. Truist Financial reduced their price target on Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ball in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. cut their target price on Ball from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ball currently has a consensus rating of “Hold” and an average price target of $61.33.

Insider Buying and Selling at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of the company’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 value of $175,270.00. Following the completion of the transaction, the chairman 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is owned by company insiders.

Ball Stock Performance

Shares of Ball stock opened at $47.25 on Wednesday. The stock’s fifty day simple moving average is $49.00 and its 200 day simple moving average is $52.81. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $12.66 billion, a PE ratio of 24.48, a PEG ratio of 1.09 and a beta of 1.12. Ball Corporation has a 12 month low of $43.51 and a 12 month high of $63.35.

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

Ball Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.7%. Ball’s payout ratio is presently 32.52%.

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.