Ball Corporation $BALL Shares Sold by Candriam S.C.A.

Candriam S.C.A. lessened its stake in Ball Corporation (NYSE:BALL) by 13.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 32,833 shares of the company’s stock after selling 5,259 shares during the period. Candriam S.C.A.’s holdings in Ball were worth $1,842,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Praxis Investment Management Inc. boosted its stake in Ball by 1.2% during the second quarter. Praxis Investment Management Inc. now owns 15,340 shares of the company’s stock worth $860,000 after buying an additional 180 shares during the last quarter. Evermay Wealth Management LLC increased its stake in shares of Ball by 11.5% in the 1st quarter. Evermay Wealth Management LLC now owns 1,943 shares of the company’s stock worth $101,000 after acquiring an additional 200 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in shares of 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 acquiring an additional 205 shares during the period. Ethic Inc. boosted its position in shares of Ball by 0.6% during the 2nd quarter. Ethic Inc. now owns 34,415 shares of the company’s stock valued at $1,941,000 after acquiring an additional 205 shares during the last quarter. Finally, Strengthening Families & Communities LLC grew its holdings 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 period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

NYSE:BALL opened at $47.60 on Monday. Ball Corporation has a fifty-two week low of $43.51 and a fifty-two week 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 company has a 50 day moving average price of $48.81 and a 200 day moving average price of $52.72. The stock has a market capitalization of $12.76 billion, a P/E ratio of 24.66, a PEG ratio of 1.09 and a beta of 1.12.

Ball (NYSE:BALL) last released 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 company had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. The firm’s 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. Equities research analysts forecast that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on BALL. JPMorgan Chase & Co. cut their price objective on shares of Ball from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Ball in a research note on Wednesday, October 8th. Royal Bank Of Canada lifted their price target on shares of Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Wells Fargo & Company decreased their price objective on Ball from $54.00 to $48.00 and set an “underweight” rating on the stock in a report on Wednesday, October 15th. Finally, Mizuho lowered their price objective on Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Six investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.33.

Insiders Place Their Bets

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the business’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $51.55, for a total transaction of $175,270.00. Following 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 sale 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.

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.