Folger Nolan Fleming Douglas Capital Management Inc. Sells 269 Shares of Ball Corporation $BALL

Folger Nolan Fleming Douglas Capital Management Inc. trimmed its position in shares of Ball Corporation (NYSE:BALL) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,326 shares of the company’s stock after selling 269 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Ball were worth $467,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Ball by 44.2% in the first quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company’s stock worth $416,681,000 after buying an additional 2,453,630 shares in the last quarter. Invesco Ltd. raised its stake in Ball by 5.1% in the first quarter. Invesco Ltd. now owns 4,370,274 shares of the company’s stock worth $227,560,000 after buying an additional 210,838 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Ball by 10.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,370,532 shares of the company’s stock worth $175,480,000 after buying an additional 315,091 shares in the last quarter. Northern Trust Corp raised its stake in Ball by 0.7% in the first quarter. Northern Trust Corp now owns 3,046,342 shares of the company’s stock worth $158,623,000 after buying an additional 19,921 shares in the last quarter. Finally, Mirova US LLC raised its stake in Ball by 4.9% in the second quarter. Mirova US LLC now owns 2,669,081 shares of the company’s stock worth $149,709,000 after buying an additional 124,814 shares in the last quarter. 86.51% of the stock is owned by institutional investors.

Insider Activity at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of the stock in a transaction that occurred 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 sale, the chairman owned 10,036 shares in the company, valued at $517,355.80. This represents a 25.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.81% of the stock is currently owned by insiders.

Ball Trading Down 1.5%

NYSE:BALL opened at $47.07 on Friday. The company’s 50 day moving average price is $51.26 and its 200-day moving average price is $52.80. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $67.84. The company has a quick ratio of 0.67, a current ratio of 1.00 and a debt-to-equity ratio of 1.23. The stock has a market cap of $12.81 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 1.09 and a beta of 1.09.

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

Ball Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on BALL shares. 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. Citigroup decreased their price target on shares of Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Truist Financial increased their price target on shares of Ball from $62.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. UBS Group decreased their target price on shares of Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Wells Fargo & Company raised their target price on shares of Ball from $50.00 to $54.00 and gave the company an “underweight” rating in a research note on Friday, July 18th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $63.27.

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.