Scotia Capital Inc. Has $4.83 Million Position in Ball Corporation $BALL

Scotia Capital Inc. grew its holdings in Ball Corporation (NYSE:BALL) by 16.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,087 shares of the company’s stock after buying an additional 12,304 shares during the quarter. Scotia Capital Inc.’s holdings in Ball were worth $4,829,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in Ball by 2.6% in the second quarter. JPMorgan Chase & Co. now owns 8,210,060 shares of the company’s stock valued at $460,502,000 after acquiring an additional 207,733 shares during the period. Invesco Ltd. lifted its stake in Ball by 5.1% during the first quarter. Invesco Ltd. now owns 4,370,274 shares of the company’s stock worth $227,560,000 after purchasing an additional 210,838 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Ball by 10.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,370,532 shares of the company’s stock valued at $175,480,000 after purchasing an additional 315,091 shares in the last quarter. Northern Trust Corp boosted its holdings in Ball by 0.7% during the first quarter. Northern Trust Corp now owns 3,046,342 shares of the company’s stock valued at $158,623,000 after purchasing an additional 19,921 shares in the last quarter. Finally, Mirova US LLC grew its stake in shares of Ball by 4.9% in the 2nd quarter. Mirova US LLC now owns 2,669,081 shares of the company’s stock valued at $149,709,000 after purchasing an additional 124,814 shares during the period. 86.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BALL shares. Truist Financial cut their target price on Ball from $69.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Mizuho lowered their price target on Ball from $68.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Bank of America raised Ball from a “neutral” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Monday, November 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ball in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company cut their price target on shares of Ball from $54.00 to $48.00 and set an “underweight” rating for the company in a report on Wednesday, October 15th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Ball presently has a consensus rating of “Hold” and a consensus target price of $60.92.

Ball Stock Performance

Ball stock opened at $48.84 on Friday. The stock has a 50-day simple moving average of $48.54 and a 200 day simple moving average of $52.49. The stock has a market capitalization of $13.09 billion, a price-to-earnings ratio of 25.31, a P/E/G ratio of 1.09 and a beta of 1.12. The company has a quick ratio of 0.67, a current ratio of 1.00 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 $62.96.

Ball (NYSE:BALL) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $1.02 earnings per share for the quarter, meeting the consensus estimate of $1.02. Ball had a net margin of 4.49% and a return on equity of 16.81%. The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter last year, the company posted $0.91 EPS. The company’s quarterly 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. On average, research analysts anticipate that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

The company 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 $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, December 1st. Ball’s dividend payout ratio (DPR) is presently 32.52%.

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.