Ball Corporation $BALL Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Ball Corporation (NYSE:BALL) by 4.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 254,445 shares of the company’s stock after buying an additional 11,731 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Ball were worth $14,272,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Praxis Investment Management Inc. raised its stake in Ball by 1.2% during the second quarter. Praxis Investment Management Inc. now owns 15,340 shares of the company’s stock worth $860,000 after purchasing an additional 180 shares during the period. Evermay Wealth Management LLC increased its holdings in shares of Ball by 11.5% during the 1st quarter. Evermay Wealth Management LLC now owns 1,943 shares of the company’s stock worth $101,000 after buying an additional 200 shares during the last quarter. EP Wealth Advisors LLC raised its position in shares of Ball by 4.9% in the 1st quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock worth $228,000 after buying an additional 205 shares during the period. Ethic Inc. boosted its holdings in Ball by 0.6% in the second quarter. Ethic Inc. now owns 34,415 shares of the company’s stock valued at $1,941,000 after acquiring an additional 205 shares during the last quarter. Finally, Strengthening Families & Communities LLC grew its position in Ball by 72.4% during the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock valued at $37,000 after acquiring an additional 297 shares during the period. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Ball Trading Up 0.1%

BALL opened at $47.58 on Thursday. The firm has a market capitalization of $12.75 billion, a P/E ratio of 24.65, a P/E/G ratio of 1.09 and a beta of 1.12. The firm’s 50 day moving average is $48.64 and its 200-day moving average is $52.63. 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 52-week low of $43.51 and a 52-week high of $63.35.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, November 4th. The company reported $1.02 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend 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%.

Insider Buying and Selling

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the firm’s 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 trade 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 the SEC website. Corporate insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BALL shares. Bank of America upgraded Ball from a “neutral” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Monday. Mizuho cut their price target on shares of Ball from $68.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Ball in a research note on Wednesday, October 8th. UBS Group cut their target price on shares of Ball from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Finally, Citigroup reduced their target price 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. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $60.92.

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.