Vanguard Group Inc. Trims Stake in Ball Corporation $BALL

Vanguard Group Inc. cut its holdings in shares of Ball Corporation (NYSE:BALL) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,839,068 shares of the company’s stock after selling 607,359 shares during the quarter. Vanguard Group Inc. owned about 12.07% of Ball worth $1,841,943,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently 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 buying an additional 306 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Ball during the first quarter valued at about $32,000. Strengthening Families & Communities LLC raised its stake in shares of 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 acquiring an additional 297 shares during the period. SVB Wealth LLC purchased a new stake in shares of Ball in the 1st quarter valued at approximately $39,000. Finally, Federated Hermes Inc. lifted its holdings in shares of Ball by 40.4% in the 1st quarter. Federated Hermes Inc. now owns 1,311 shares of the company’s stock worth $68,000 after acquiring an additional 377 shares during the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 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. The trade was a 25.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.81% of the stock is currently owned by company insiders.

Ball Stock Up 4.1%

Shares of NYSE BALL opened at $49.86 on Friday. The stock has a market cap of $13.36 billion, a P/E ratio of 25.83, a PEG ratio of 1.09 and a beta of 1.12. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $63.35. The business’s fifty day simple moving average is $48.55 and its 200-day simple moving average is $52.58.

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

Ball Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors 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 annualized dividend and a yield of 1.6%. Ball’s dividend payout ratio (DPR) is 32.52%.

Analyst Ratings Changes

A number of analysts have issued reports on BALL shares. Weiss Ratings reissued a “hold (c)” rating on shares of Ball in a research report on Wednesday, October 8th. 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 research note on Wednesday, October 15th. Truist Financial cut 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. Raymond James Financial began coverage on Ball in a research note on Wednesday, October 15th. They set a “market perform” rating on the stock. Finally, UBS Group lowered their target price on Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $60.92.

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.