XTX Topco Ltd Raises Holdings in Ball Corporation $BALL

XTX Topco Ltd boosted its holdings in Ball Corporation (NYSE:BALL) by 669.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,811 shares of the company’s stock after buying an additional 65,954 shares during the quarter. XTX Topco Ltd’s holdings in Ball were worth $4,252,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BALL. Praxis Investment Management Inc. grew its position in shares of Ball by 1.2% during the 2nd 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 period. Evermay Wealth Management LLC increased its stake in Ball by 11.5% in the 1st quarter. Evermay Wealth Management LLC now owns 1,943 shares of the company’s stock worth $101,000 after buying an additional 200 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of Ball by 4.9% in the first quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock valued at $228,000 after acquiring an additional 205 shares in the last quarter. Ethic Inc. boosted its stake in Ball by 0.6% in the 2nd quarter. Ethic Inc. now owns 34,415 shares of the company’s stock worth $1,941,000 after purchasing an additional 205 shares during the period. Finally, Seeds Investor LLC grew its stake in Ball by 4.1% during the second quarter. Seeds Investor LLC now owns 6,797 shares of the company’s stock valued at $381,000 after acquiring an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Insider Transactions at Ball

In other 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 value 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 filing with the SEC, which is available at this link. 0.81% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Citigroup reduced their price objective on Ball from $60.00 to $53.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. JPMorgan Chase & Co. dropped their target price on shares of Ball from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Raymond James Financial began coverage on shares of Ball in a research report on Wednesday, October 15th. They issued a “market perform” rating for the company. Bank of America raised Ball from a “neutral” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Monday, November 17th. Finally, Royal Bank Of Canada raised their price target on shares of Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Ball presently has a consensus rating of “Hold” and a consensus target price of $60.92.

Ball Price Performance

Shares of NYSE BALL opened at $48.86 on Tuesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67. The firm’s 50 day simple moving average is $48.53 and its 200-day simple moving average is $52.58. Ball Corporation has a 12 month low of $43.51 and a 12 month high of $63.35. The stock has a market capitalization of $13.09 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 1.09 and a beta of 1.12.

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

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.20 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.6%. Ball’s dividend payout ratio (DPR) is presently 32.52%.

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.