Boston Trust Walden Corp Sells 3,701 Shares of Ball Corporation $BALL

Boston Trust Walden Corp trimmed its stake in Ball Corporation (NYSE:BALL) by 1.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 225,472 shares of the company’s stock after selling 3,701 shares during the quarter. Boston Trust Walden Corp owned approximately 0.08% of Ball worth $12,647,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC boosted its stake in shares of Ball by 41.2% during the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock worth $289,000 after acquiring an additional 1,531 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Ball by 51.3% during the 1st quarter. Farther Finance Advisors LLC now owns 1,474 shares of the company’s stock worth $77,000 after acquiring an additional 500 shares during the period. GAMMA Investing LLC boosted its stake in shares of Ball by 6.0% during the 1st quarter. GAMMA Investing LLC now owns 3,852 shares of the company’s stock worth $201,000 after acquiring an additional 219 shares during the period. SG Americas Securities LLC bought a new position in shares of Ball during the 1st quarter worth approximately $382,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Ball by 53.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 38,289 shares of the company’s stock worth $1,994,000 after acquiring an additional 13,262 shares during the period. 86.51% of the stock is currently owned by institutional investors.

Insider Activity at Ball

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $51.55, for a total value of $175,270.00. Following the sale, the chairman owned 10,036 shares in the company, valued at approximately $517,355.80. The trade was a 25.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.57% of the company’s stock.

Wall Street Analyst Weigh In

BALL has been the subject of several research analyst reports. Truist Financial reduced their target price on Ball from $69.00 to $65.00 and set a “buy” rating for the company in a research note on Monday. Wells Fargo & Company lifted their target price on Ball from $50.00 to $54.00 and gave the stock an “underweight” rating in a research note on Friday, July 18th. Royal Bank Of Canada lifted their price target on Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Bank of America reissued a “neutral” rating and set a $66.00 price target (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Finally, UBS Group dropped their price target on Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.91.

Ball Price Performance

Ball stock opened at $47.57 on Wednesday. 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 Corporation has a 52 week low of $43.51 and a 52 week high of $67.84. The stock has a market capitalization of $12.95 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 1.08 and a beta of 1.09. The stock has a fifty day moving average of $50.91 and a 200-day moving average of $52.75.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. Ball had a return on equity of 16.81% and a net margin of 4.49%.The company had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the firm earned $0.74 EPS. Ball’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. On average, sell-side analysts expect that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. Ball’s payout ratio is 41.45%.

About Ball

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.