National Pension Service Buys 3,923 Shares of Ball Corporation $BALL

National Pension Service lifted its stake in shares of Ball Corporation (NYSE:BALL) by 6.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 61,872 shares of the company’s stock after buying an additional 3,923 shares during the quarter. National Pension Service’s holdings in Ball were worth $3,470,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rosenberg Matthew Hamilton raised its holdings in Ball by 145.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock valued at $29,000 after acquiring an additional 306 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Ball in the first quarter valued at approximately $32,000. Strengthening Families & Communities LLC grew its position in shares of Ball by 72.4% in the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock valued at $37,000 after purchasing an additional 297 shares during the last quarter. SVB Wealth LLC acquired a new stake in Ball during the 1st quarter worth approximately $39,000. Finally, Federated Hermes Inc. boosted its stake in Ball by 40.4% in the 1st quarter. Federated Hermes Inc. now owns 1,311 shares of the company’s stock valued at $68,000 after purchasing an additional 377 shares during the period. Institutional investors own 86.51% of the company’s stock.

Insider Buying and Selling

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the company’s stock in a transaction on Thursday, August 28th. The stock was 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 $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 Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Ball Stock Down 0.7%

BALL stock opened at $47.60 on Friday. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $63.35. The business has a 50-day simple moving average of $48.81 and a 200 day simple moving average of $52.71. The company has a quick ratio of 0.67, a current ratio of 1.00 and a debt-to-equity ratio of 1.23. The company has a market cap of $12.76 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 1.09 and a beta of 1.12.

Ball (NYSE:BALL) last released its earnings results on Tuesday, November 4th. The company reported $1.02 EPS for the quarter, meeting the consensus estimate of $1.02. The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.32 billion. Ball had a net margin of 4.49% and a return on equity of 16.81%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Sell-side 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 will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, December 1st. Ball’s payout ratio is currently 32.52%.

Analyst Ratings Changes

BALL has been the topic of several recent research reports. Wells Fargo & Company lowered their price objective on Ball from $54.00 to $48.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 15th. Royal Bank Of Canada upped their price target on shares of Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. lowered their price target on shares of Ball from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Mizuho cut their price objective on shares of Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Finally, UBS Group decreased their target price on shares of Ball from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Six 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, the stock presently has a consensus rating of “Hold” and an average price target of $61.33.

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.