Ball Corporation $BALL Stock Holdings Reduced by Elefante Mark B

Elefante Mark B lowered its position in Ball Corporation (NYSE:BALL) by 66.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,365 shares of the company’s stock after selling 18,762 shares during the quarter. Elefante Mark B’s holdings in Ball were worth $525,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BALL. JPMorgan Chase & Co. grew its stake in Ball by 44.2% in the first quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company’s stock valued at $416,681,000 after purchasing an additional 2,453,630 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Ball by 548.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,816,827 shares of the company’s stock valued at $101,906,000 after purchasing an additional 1,536,751 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in Ball by 359.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,184,629 shares of the company’s stock valued at $60,299,000 after purchasing an additional 926,728 shares in the last quarter. Nuveen LLC purchased a new position in Ball in the first quarter valued at about $47,606,000. Finally, First Manhattan CO. LLC. grew its stake in Ball by 38.2% in the first quarter. First Manhattan CO. LLC. now owns 1,653,305 shares of the company’s stock valued at $86,088,000 after purchasing an additional 457,230 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Daniel William Fisher sold 3,400 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $51.55, for a total transaction of $175,270.00. Following the completion of the sale, the chairman owned 10,036 shares in the company, valued at $517,355.80. This represents a 25.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.57% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Truist Financial lowered their target price on Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday. Wells Fargo & Company upped 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. Citigroup decreased their price target on Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. UBS Group decreased their price target on Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Finally, Mizuho decreased their price target on Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $62.91.

Ball Stock Performance

BALL opened at $47.06 on Tuesday. The stock has a 50-day moving average of $51.05 and a 200-day moving average of $52.79. Ball Corporation has a 52-week low of $43.51 and a 52-week high of $67.84. The company has a market cap of $12.81 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 1.08 and a beta of 1.09. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00.

Ball (NYSE:BALL) last announced its earnings results 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. Ball had a return on equity of 16.81% and a net margin of 4.49%.The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the company earned $0.74 EPS. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $0.80 annualized dividend and a yield of 1.7%. Ball’s dividend payout ratio is presently 41.45%.

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.