ProShare Advisors LLC Grows Position in Ball Corporation $BALL

ProShare Advisors LLC boosted its position in shares of Ball Corporation (NYSE:BALL) by 3.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 56,168 shares of the company’s stock after acquiring an additional 2,090 shares during the quarter. ProShare Advisors LLC’s holdings in Ball were worth $3,150,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BALL. JPMorgan Chase & Co. grew its position in shares of Ball by 44.2% during the first quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company’s stock worth $416,681,000 after acquiring an additional 2,453,630 shares during the last quarter. Invesco Ltd. raised its position in Ball by 5.1% in the 1st quarter. Invesco Ltd. now owns 4,370,274 shares of the company’s stock valued at $227,560,000 after purchasing an additional 210,838 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Ball by 10.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,370,532 shares of the company’s stock worth $175,480,000 after purchasing an additional 315,091 shares during the period. Northern Trust Corp boosted its stake in Ball by 0.7% during the 1st quarter. Northern Trust Corp now owns 3,046,342 shares of the company’s stock worth $158,623,000 after purchasing an additional 19,921 shares during the period. Finally, Mirova US LLC grew its position in Ball by 4.9% during the 2nd quarter. Mirova US LLC now owns 2,669,081 shares of the company’s stock worth $149,709,000 after purchasing an additional 124,814 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada upped their target price on shares of Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Citigroup dropped their price target on Ball from $60.00 to $53.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Wells Fargo & Company reduced their price objective on Ball from $54.00 to $48.00 and set an “underweight” rating for the company in a research note on Wednesday, October 15th. JPMorgan Chase & Co. lowered 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. Finally, Mizuho lowered their target price 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. Six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $61.33.

Ball Price Performance

Ball stock opened at $47.60 on Friday. Ball Corporation has a one year low of $43.51 and a one year high of $63.35. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00. The business has a fifty day moving average of $48.81 and a two-hundred day moving average of $52.71. The company has a market cap of $12.76 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 1.09 and a beta of 1.12.

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

Ball Dividend Announcement

The business 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. 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 dividend payout ratio (DPR) is 32.52%.

Insider Transactions at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of Ball 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 directly owned 10,036 shares in the company, valued at approximately $517,355.80. This trade represents a 25.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.81% of the company’s stock.

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.