XTX Topco Ltd Has $4.25 Million Stock Holdings in Ball Corporation $BALL

XTX Topco Ltd lifted its position in shares of Ball Corporation (NYSE:BALL) by 669.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,811 shares of the company’s stock after purchasing an additional 65,954 shares during the quarter. XTX Topco Ltd’s holdings in Ball were worth $4,252,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Ball by 2.6% in the second quarter. JPMorgan Chase & Co. now owns 8,210,060 shares of the company’s stock valued at $460,502,000 after buying an additional 207,733 shares in the last quarter. Invesco Ltd. boosted its stake in Ball by 5.1% in the 1st quarter. Invesco Ltd. now owns 4,370,274 shares of the company’s stock worth $227,560,000 after purchasing an additional 210,838 shares during the period. Dimensional Fund Advisors LP increased its holdings 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 in the last quarter. Northern Trust Corp increased its holdings 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 in the last quarter. Finally, Mirova US LLC raised its stake in shares of Ball by 4.9% in the 2nd quarter. Mirova US LLC now owns 2,669,081 shares of the company’s stock valued at $149,709,000 after purchasing an additional 124,814 shares during the period. Institutional investors own 86.51% of the company’s stock.

Ball Price Performance

Shares of BALL opened at $48.86 on Tuesday. 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 business’s fifty day moving average is $48.53 and its 200 day moving average is $52.58. The stock has a market cap of $13.09 billion, a P/E ratio of 25.32, a P/E/G 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 issued its quarterly earnings results on Tuesday, November 4th. The company reported $1.02 EPS for the quarter, hitting analysts’ consensus estimates of $1.02. Ball had a return on equity of 16.81% and a net margin of 4.49%.The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period last year, the company posted $0.91 earnings per share. Ball’s quarterly revenue was up 9.6% compared to the same quarter last year. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Sell-side analysts anticipate that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently commented on BALL shares. Royal Bank Of Canada increased their price target on Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. UBS Group reduced their target price on shares of Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Citigroup dropped their price objective on Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Wells Fargo & Company decreased their target price on shares of Ball from $54.00 to $48.00 and set an “underweight” rating on the stock in a report on Wednesday, October 15th. Finally, Mizuho reduced their price objective on Ball from $68.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $60.92.

Insiders Place Their Bets

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $51.55, for a total value of $175,270.00. Following the completion of the sale, the chairman owned 10,036 shares of the company’s stock, valued at $517,355.80. This represents a 25.31% decrease in their ownership of the stock. The sale 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 insiders.

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.