Aberdeen Group plc Acquires 21,207 Shares of Ball Corporation $BALL

Aberdeen Group plc grew its holdings in Ball Corporation (NYSE:BALL) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 410,701 shares of the company’s stock after acquiring an additional 21,207 shares during the period. Aberdeen Group plc owned 0.15% of Ball worth $22,983,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its position in Ball by 12.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,718 shares of the company’s stock worth $2,044,000 after acquiring an additional 4,289 shares during the period. EP Wealth Advisors LLC raised its position in Ball by 4.9% in the first 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. Asset Management One Co. Ltd. raised its position in Ball by 5.0% in the first quarter. Asset Management One Co. Ltd. now owns 122,483 shares of the company’s stock worth $6,378,000 after acquiring an additional 5,841 shares during the period. Russell Investments Group Ltd. raised its position in Ball by 20.7% in the first quarter. Russell Investments Group Ltd. now owns 601,522 shares of the company’s stock worth $31,313,000 after acquiring an additional 103,022 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Ball by 12.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 55,997 shares of the company’s stock valued at $2,916,000 after purchasing an additional 6,106 shares during the period. 86.51% of the stock is currently owned by institutional investors.

Insider Activity at Ball

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of Ball stock in a transaction 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 directly owned 10,036 shares of the company’s stock, valued at $517,355.80. This trade represents a 25.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.57% of the stock is owned by insiders.

Analyst Ratings Changes

BALL has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target on Ball from $50.00 to $54.00 and gave the stock an “underweight” rating in a research note on Friday, July 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Ball in a report on Wednesday, October 8th. UBS Group decreased their price target on Ball from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Bank of America reissued a “neutral” rating and set a $66.00 price target (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Finally, Citigroup reduced their price target on shares of Ball from $60.00 to $53.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Six 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’s stock. According to data from MarketBeat, Ball has an average rating of “Hold” and an average target price of $62.91.

Ball Stock Performance

Shares of NYSE BALL opened at $47.06 on Tuesday. 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 market cap of $12.81 billion, a P/E ratio of 24.38, a P/E/G ratio of 1.08 and a beta of 1.09. The firm’s fifty day moving average is $51.05 and its two-hundred day moving average is $52.79. Ball Corporation has a 52-week low of $43.51 and a 52-week high of $67.84.

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

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Ball’s dividend payout ratio (DPR) is presently 41.45%.

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.