Ball Corporation $BALL Shares Sold by Bailard Inc.

Bailard Inc. trimmed its position in Ball Corporation (NYSE:BALL) by 9.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,040 shares of the company’s stock after selling 3,137 shares during the quarter. Bailard Inc.’s holdings in Ball were worth $1,741,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton raised its position in Ball by 145.0% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock worth $29,000 after buying an additional 306 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Ball in the 1st quarter valued at $32,000. Strengthening Families & Communities LLC increased its stake in shares of Ball by 72.4% in the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock worth $37,000 after acquiring an additional 297 shares during the period. SVB Wealth LLC purchased a new position in shares of Ball during the first quarter worth $39,000. Finally, Federated Hermes Inc. raised its holdings in shares of 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 purchasing an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Insiders Place Their Bets

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $51.55, for a total transaction of $175,270.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Ball Stock Performance

Shares of BALL stock opened at $47.90 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $63.35. The business’s 50 day moving average is $48.88 and its two-hundred day moving average is $52.73. The company has a market capitalization of $12.84 billion, a P/E ratio of 24.82, a P/E/G ratio of 1.09 and a beta of 1.12.

Ball (NYSE:BALL) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $1.02 EPS for the quarter, meeting 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 during the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The business’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. Analysts expect that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Announces Dividend

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

Analysts Set New Price Targets

BALL has been the topic of several recent research reports. Royal Bank Of Canada upped their price target on shares of Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Citigroup decreased 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 dropped their target price on Ball from $54.00 to $48.00 and set an “underweight” rating on the stock in a report on Wednesday, October 15th. Raymond James Financial started coverage on Ball in a research report on Wednesday, October 15th. They set a “market perform” rating for the company. Finally, Truist Financial decreased their price target on Ball from $69.00 to $65.00 and set a “buy” rating for the company in a report on Monday, October 13th. Six 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.33.

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.