Ball Corporation $BALL Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its holdings in Ball Corporation (NYSE:BALL) by 1.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,506 shares of the company’s stock after purchasing an additional 1,900 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Ball were worth $6,030,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Valeo Financial Advisors LLC boosted its holdings in shares of Ball by 11.2% in the 2nd quarter. Valeo Financial Advisors LLC now owns 8,502 shares of the company’s stock valued at $477,000 after buying an additional 853 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Ball by 2.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,861 shares of the company’s stock valued at $2,292,000 after acquiring an additional 1,143 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted 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 acquiring an additional 1,536,751 shares in the last quarter. Halbert Hargrove Global Advisors LLC boosted its stake in Ball by 424.6% in the second quarter. Halbert Hargrove Global Advisors LLC now owns 47,486 shares of the company’s stock valued at $2,663,000 after acquiring an additional 38,435 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Ball by 0.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 549,925 shares of the company’s stock valued at $30,845,000 after purchasing an additional 4,053 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Insider Activity at Ball

In other 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 value of $175,270.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.81% of the stock is owned by corporate insiders.

Ball Price Performance

Shares of NYSE BALL opened at $47.07 on Friday. Ball Corporation has a 1-year low of $43.51 and a 1-year high of $67.84. The company has a market cap of $12.81 billion, a PE ratio of 24.39, a P/E/G ratio of 1.09 and a beta of 1.09. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67. The stock has a fifty day moving average price of $51.26 and a 200 day moving average price of $52.80.

Ball (NYSE:BALL) last released its earnings results on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.87 by $0.03. Ball had a net margin of 4.49% and a return on equity of 16.81%. The company had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the business earned $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. Sell-side analysts forecast that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $0.20 dividend. This represents a $0.80 annualized dividend 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 currently 41.45%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Mizuho decreased their target price on Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Ball in a report on Wednesday. Bank of America reissued a “neutral” rating and issued a $66.00 price objective (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Wells Fargo & Company increased their price target on shares of Ball from $50.00 to $54.00 and gave the stock an “underweight” rating in a research note on Friday, July 18th. Finally, Royal Bank Of Canada increased their price target on shares of Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ball currently has a consensus rating of “Hold” and a consensus price target of $63.27.

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.