82,096 Shares in Ball Corporation $BALL Acquired by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC acquired 82,096 shares of Ball Corporation, valued at approximately $4.6 million, during the second quarter.
• Institutional investors own 86.51% of Ball's stock, with notable firms like JPMorgan Chase & Co. increasing their holdings significantly.
• Ball Corporation recently announced a $0.20 quarterly dividend, reflecting an annual yield of 1.7%, with a payout ratio of 41.45%.

International Assets Investment Management LLC bought a new position in Ball Corporation (NYSE:BALL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 82,096 shares of the company's stock, valued at approximately $4,605,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings in 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 purchasing an additional 2,453,630 shares during the last quarter. Invesco Ltd. lifted its holdings in Ball by 5.1% in the 1st 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 during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Ball by 10.3% in the 1st 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 during the last quarter. Northern Trust Corp lifted its holdings in Ball by 0.7% in the 1st quarter. Northern Trust Corp now owns 3,046,342 shares of the company's stock worth $158,623,000 after purchasing an additional 19,921 shares during the last quarter. Finally, Mirova US LLC lifted its holdings in Ball by 4.9% in the 2nd quarter. Mirova US LLC now owns 2,669,081 shares of the company's stock worth $149,709,000 after purchasing an additional 124,814 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

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 stock was sold at an average price of $51.55, for a total value of $175,270.00. Following the sale, the chairman directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.81% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BALL has been the subject of several analyst reports. UBS Group reduced their target price on Ball from $61.00 to $55.00 and set a "neutral" rating for the company in a report on Monday, October 6th. Mizuho cut their price target on Ball from $68.00 to $61.00 and set an "outperform" rating for the company in a report on Friday, October 3rd. Royal Bank Of Canada upped their price target on Ball from $69.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Weiss Ratings reiterated a "hold (c)" rating on shares of Ball in a report on Wednesday, October 8th. Finally, Raymond James Financial assumed coverage on Ball in a report on Wednesday. They set a "market perform" rating for the company. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Ball currently has an average rating of "Hold" and an average price target of $62.36.

Ball Stock Performance

Shares of NYSE BALL opened at $48.39 on Friday. The business has a fifty day simple moving average of $50.58 and a 200 day simple moving average of $52.66. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $13.17 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 1.11 and a beta of 1.09. Ball Corporation has a one year low of $43.51 and a one year high of $67.84.

Ball (NYSE:BALL - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.03. The business had revenue of $3.34 billion during 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%.Ball's revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Sell-side analysts expect that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. Ball's dividend payout ratio is 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.

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