Securian Asset Management Inc. Sells 1,220 Shares of Ball Corporation $BALL

Securian Asset Management Inc. cut its holdings in shares of Ball Corporation (NYSE:BALL) by 7.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,503 shares of the company’s stock after selling 1,220 shares during the quarter. Securian Asset Management Inc.’s holdings in Ball were worth $813,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BALL. Praxis Investment Management Inc. increased its position in shares of Ball by 1.2% in the second quarter. Praxis Investment Management Inc. now owns 15,340 shares of the company’s stock valued at $860,000 after acquiring an additional 180 shares during the last quarter. Evermay Wealth Management LLC increased its position 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 purchasing an additional 200 shares during the last quarter. EP Wealth Advisors LLC raised its stake in shares of Ball by 4.9% during the 1st quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock worth $228,000 after purchasing an additional 205 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Ball by 6.0% in the 1st quarter. GAMMA Investing LLC now owns 3,852 shares of the company’s stock valued at $201,000 after buying an additional 219 shares during the last quarter. Finally, Strengthening Families & Communities LLC boosted its holdings in shares of Ball by 72.4% in the 1st quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock valued at $37,000 after buying an additional 297 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Insider Activity at Ball

In related news, Chairman Daniel William Fisher sold 3,400 shares of the firm’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $51.55, for a total transaction of $175,270.00. Following the transaction, the chairman directly owned 10,036 shares of the company’s stock, valued at approximately $517,355.80. This trade represents a 25.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

BALL has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their target price on shares of Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Truist Financial lowered their price objective on shares of Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Raymond James Financial began coverage on shares of Ball in a research note on Wednesday, October 15th. They issued a “market perform” rating for the company. Mizuho lowered their price target on Ball from $68.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Finally, UBS Group cut their price objective on Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Six 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $62.36.

Ball Stock Up 0.4%

Ball stock opened at $49.88 on Friday. Ball Corporation has a twelve month low of $43.51 and a twelve month high of $65.06. The stock has a market cap of $13.57 billion, a P/E ratio of 25.84, a P/E/G ratio of 1.14 and a beta of 1.09. The company’s 50-day moving average price is $50.13 and its two-hundred day moving average price is $52.69. 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 (NYSE:BALL) last announced its earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The company had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.10 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%.The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, analysts expect that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders 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 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Ball’s payout ratio is presently 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.