IQ EQ FUND MANAGEMENT IRELAND Ltd Reduces Position in Ball Corporation $BALL

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its stake in shares of Ball Corporation (NYSE:BALL) by 4.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,308 shares of the company’s stock after selling 2,373 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Ball were worth $3,046,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas increased its position in shares of Ball by 149.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 197,358 shares of the company’s stock valued at $11,070,000 after acquiring an additional 118,168 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Ball during the 2nd quarter valued at about $8,597,000. Bessemer Group Inc. grew its stake in Ball by 133.1% during the 2nd quarter. Bessemer Group Inc. now owns 7,134 shares of the company’s stock valued at $400,000 after purchasing an additional 4,074 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Ball in the second quarter valued at about $212,000. Finally, Wealthfront Advisers LLC raised its stake in shares of Ball by 311.9% in the second quarter. Wealthfront Advisers LLC now owns 97,664 shares of the company’s stock worth $5,478,000 after purchasing an additional 73,953 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BALL shares. Royal Bank Of Canada upped their target price on Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Bank of America reaffirmed a “neutral” rating and issued a $66.00 price objective (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ball in a research note on Wednesday, October 8th. Raymond James Financial assumed coverage on shares of Ball in a research report on Wednesday, October 15th. They set a “market perform” rating for the company. Finally, Mizuho lowered their price target on shares of Ball from $68.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Six 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $62.36.

Insiders Place Their Bets

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the stock in a transaction that occurred 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 transaction, the chairman owned 10,036 shares in the company, valued at approximately $517,355.80. This represents a 25.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.57% of the company’s stock.

Ball Stock Performance

BALL opened at $49.86 on Tuesday. The firm has a fifty day moving average price of $50.07 and a 200 day moving average price of $52.80. Ball Corporation has a 1 year low of $43.51 and a 1 year 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 has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, beating the consensus estimate 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 net margin of 4.49% and a return on equity of 16.81%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the business earned $0.74 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Equities research analysts anticipate that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.6%. Ball’s dividend payout ratio is presently 41.45%.

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.