Dempze Nancy E Reduces Holdings in Ball Corporation $BALL

Dempze Nancy E trimmed its position in shares of Ball Corporation (NYSE:BALL) by 72.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,095 shares of the company’s stock after selling 18,305 shares during the quarter. Dempze Nancy E’s holdings in Ball were worth $398,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of BALL. Cary Street Partners Investment Advisory LLC purchased a new position in Ball during the first quarter worth $32,000. Strengthening Families & Communities LLC boosted its stake in Ball by 72.4% during the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock worth $37,000 after buying an additional 297 shares during the period. SVB Wealth LLC purchased a new position in Ball during the first quarter worth $39,000. Federated Hermes Inc. boosted its stake in Ball by 40.4% during the first quarter. Federated Hermes Inc. now owns 1,311 shares of the company’s stock worth $68,000 after buying an additional 377 shares during the period. Finally, UMB Bank n.a. boosted its stake in Ball by 336.9% during the second quarter. UMB Bank n.a. now owns 1,337 shares of the company’s stock worth $75,000 after buying an additional 1,031 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BALL shares. Bank of America reissued a “neutral” rating and set a $66.00 target price (down from $67.00) on shares of Ball in a research note on Wednesday, July 9th. UBS Group lowered their target price on shares of Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Monday. Mizuho lowered their target price on shares of Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Truist Financial boosted their target price on shares of Ball from $62.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Finally, Royal Bank Of Canada boosted their target price 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. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $63.27.

Ball Stock Performance

BALL stock opened at $48.72 on Thursday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67. The business has a 50-day moving average price of $51.65 and a 200 day moving average price of $52.85. The company has a market capitalization of $13.26 billion, a P/E ratio of 25.24, a PEG ratio of 1.10 and a beta of 1.09. Ball Corporation has a 1-year low of $43.51 and a 1-year high of $67.84.

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.03. The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.10 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%.The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, equities research analysts forecast that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Ball’s payout ratio is presently 41.45%.

Insider Buying and Selling at Ball

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 value of $175,270.00. Following the completion of the transaction, the chairman directly owned 10,036 shares in the company, valued at approximately $517,355.80. The trade was a 25.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.81% of the stock is owned by insiders.

Ball 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.