Ball Corporation $BALL Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. lessened its stake in shares of Ball Corporation (NYSE:BALL) by 15.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,030 shares of the company’s stock after selling 15,708 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Ball were worth $4,942,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BALL. JPMorgan Chase & Co. lifted its holdings in shares of 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 acquiring an additional 2,453,630 shares during the last quarter. Invesco Ltd. lifted its stake in Ball by 5.1% during the first quarter. Invesco Ltd. now owns 4,370,274 shares of the company’s stock worth $227,560,000 after purchasing an additional 210,838 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Ball by 10.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,370,532 shares of the company’s stock worth $175,480,000 after purchasing an additional 315,091 shares in the last quarter. Northern Trust Corp boosted its position in shares of Ball by 0.7% during 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 during the period. Finally, Mirova US LLC grew its stake in shares of Ball by 4.9% in the second quarter. Mirova US LLC now owns 2,669,081 shares of the company’s stock valued at $149,709,000 after buying an additional 124,814 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Stock Performance

Shares of BALL opened at $48.88 on Monday. The company has a market capitalization of $13.10 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 1.09 and a beta of 1.12. Ball Corporation has a 52-week low of $43.51 and a 52-week high of $63.35. 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 50 day moving average price of $49.20 and a 200 day moving average price of $52.86.

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, November 4th. The company reported $1.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.02. The company had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Ball had a net margin of 4.49% and a return on equity of 16.81%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the company earned $0.91 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Research analysts predict that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, December 1st. Ball’s dividend payout ratio (DPR) is currently 32.52%.

Insiders Place Their Bets

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $51.55, for a total value of $175,270.00. Following the completion of the transaction, 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 legal filing with the SEC, which is available at this hyperlink. 0.81% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BALL shares. JPMorgan Chase & Co. decreased their target price on Ball from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. UBS Group cut their price target on shares of Ball from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Ball in a research report on Wednesday, October 8th. Citigroup lowered their price objective 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. Finally, Wells Fargo & Company cut their target price on shares of Ball from $54.00 to $48.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 15th. Six investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Ball presently has a consensus rating of “Hold” and a consensus target price of $61.33.

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.