Bank of New York Mellon Corp Raises Stock Holdings in Ball Corporation $BALL

Bank of New York Mellon Corp lifted its stake in Ball Corporation (NYSE:BALL) by 7.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,111,813 shares of the company’s stock after buying an additional 152,441 shares during the quarter. Bank of New York Mellon Corp owned about 0.76% of Ball worth $118,452,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. EP Wealth Advisors LLC boosted its position in shares of Ball by 4.9% during the first quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock worth $228,000 after acquiring an additional 205 shares during the last quarter. Nordea Investment Management AB lifted its stake in Ball by 48.3% in the 2nd quarter. Nordea Investment Management AB now owns 72,657 shares of the company’s stock worth $4,074,000 after purchasing an additional 23,657 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Ball by 20.7% during the 1st quarter. Russell Investments Group Ltd. now owns 601,522 shares of the company’s stock valued at $31,313,000 after purchasing an additional 103,022 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Ball by 22.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 84,503 shares of the company’s stock valued at $4,399,000 after purchasing an additional 15,300 shares during the last quarter. Finally, Inspire Trust Co. N.A. grew its position in shares of Ball by 9.3% during the first quarter. Inspire Trust Co. N.A. now owns 59,000 shares of the company’s stock valued at $3,072,000 after purchasing an additional 5,000 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Ball Stock Performance

NYSE BALL opened at $48.88 on Friday. The business’s 50 day moving average price is $49.20 and its 200-day moving average price is $52.80. Ball Corporation has a fifty-two week low of $43.51 and a fifty-two week high of $63.35. The company has a market cap of $13.10 billion, a P/E ratio of 25.33, a P/E/G 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 posted its quarterly earnings data on Tuesday, November 4th. The company reported $1.02 EPS for the quarter, hitting the consensus estimate of $1.02. Ball had a net margin of 4.49% and a return on equity of 16.81%. The company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the firm earned $0.91 earnings per share. Ball’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. Sell-side analysts predict that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued 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 is presently 32.52%.

Insider Transactions at Ball

In other Ball 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 completion of the sale, the chairman owned 10,036 shares of the company’s stock, valued at $517,355.80. This trade represents a 25.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BALL shares. Wells Fargo & Company dropped their price target on Ball from $54.00 to $48.00 and set an “underweight” rating for the company in a research note on Wednesday, October 15th. Raymond James Financial began coverage on Ball in a report on Wednesday, October 15th. They set a “market perform” rating on the stock. UBS Group cut their target price on shares of Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Royal Bank Of Canada boosted their price target on shares of Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ball in a research report on Wednesday, October 8th. Six equities research 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, the company presently has an average rating of “Hold” and an average price target 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.