SG Americas Securities LLC Boosts Stock Position in Ball Corporation $BALL

SG Americas Securities LLC increased its holdings in Ball Corporation (NYSE:BALL) by 414.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,658 shares of the company’s stock after purchasing an additional 30,331 shares during the quarter. SG Americas Securities LLC’s holdings in Ball were worth $2,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in Ball by 44.2% in the 1st 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 during the period. Invesco Ltd. raised its holdings in shares of Ball by 5.1% during the first quarter. Invesco Ltd. now owns 4,370,274 shares of the company’s stock valued at $227,560,000 after acquiring an additional 210,838 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 acquiring an additional 315,091 shares during the period. Northern Trust Corp boosted its holdings in Ball by 0.7% in the first quarter. Northern Trust Corp now owns 3,046,342 shares of the company’s stock valued at $158,623,000 after acquiring an additional 19,921 shares in the last quarter. Finally, Mirova US LLC increased its position in Ball by 4.9% during 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. Institutional investors 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 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 transaction, the chairman directly owned 10,036 shares in the company, valued at $517,355.80. This trade represents a 25.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wells Fargo & Company dropped their target price on shares of Ball from $54.00 to $48.00 and set an “underweight” rating for the company in a research report on Wednesday, October 15th. 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. Truist Financial cut their price objective on Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Mizuho reduced their target price on Ball from $68.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Finally, Bank of America raised Ball from a “neutral” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Monday. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $60.92.

Ball Price Performance

Shares of BALL opened at $47.58 on Thursday. Ball Corporation has a fifty-two week low of $43.51 and a fifty-two week high of $63.35. The firm’s 50-day simple moving average is $48.64 and its two-hundred day simple moving average is $52.63. The stock has a market cap of $12.75 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 1.09 and a beta of 1.12. 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 (NYSE:BALL) last released its earnings results on Tuesday, November 4th. The company reported $1.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.02. The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.32 billion. Ball had a net margin of 4.49% and a return on equity of 16.81%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the business earned $0.91 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Analysts anticipate that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid 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 of this dividend is Monday, December 1st. Ball’s dividend payout ratio is currently 32.52%.

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.