Ball Corporation $BALL Shares Purchased by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. increased its stake in Ball Corporation by 6.1%, owning 815,283 shares worth approximately $42.45 million.
• Ball Corporation reported a 12.8% year-over-year revenue increase for the quarter, with earnings per share of $0.90, exceeding analysts' expectations.
• The company declared a quarterly dividend of $0.20 per share, resulting in an annualized dividend yield of 1.5% and a payout ratio of 41.45%.

Ameriprise Financial Inc. raised its holdings in shares of Ball Corporation (NYSE:BALL - Free Report) by 6.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 815,283 shares of the company's stock after acquiring an additional 47,196 shares during the period. Ameriprise Financial Inc. owned approximately 0.29% of Ball worth $42,453,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC purchased a new position in Ball in the first quarter valued at about $32,000. Strengthening Families & Communities LLC boosted its position in Ball by 72.4% in the 1st quarter. Strengthening Families & Communities LLC now owns 707 shares of the company's stock valued at $37,000 after buying an additional 297 shares during the last quarter. Whipplewood Advisors LLC boosted its position in shares of Ball by 764.9% in the 1st quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock worth $42,000 after purchasing an additional 719 shares during the last quarter. Federated Hermes Inc. raised its stake in Ball by 40.4% during the 1st quarter. Federated Hermes Inc. now owns 1,311 shares of the company's stock worth $68,000 after buying an additional 377 shares during the period. Finally, Parvin Asset Management LLC acquired a new stake in shares of Ball in the 4th quarter valued at about $70,000. Institutional investors own 86.51% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BALL shares. Bank of America restated a "neutral" rating and set a $66.00 price objective (down previously from $67.00) on shares of Ball in a report on Wednesday, July 9th. Mizuho upped their price target on shares of Ball from $60.00 to $68.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Wells Fargo & Company upped their target price on shares of Ball from $50.00 to $54.00 and gave the stock an "underweight" rating in a report on Friday, July 18th. Royal Bank Of Canada increased their target price on shares of Ball from $69.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Finally, Truist Financial increased their target price on Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $65.27.

Insider Buying and Selling

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of Ball stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $51.55, for a total transaction of $175,270.00. Following the completion of the sale, the chairman directly owned 10,036 shares in the company, valued at approximately $517,355.80. The trade was a 25.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.57% of the stock is owned by company insiders.

Ball Stock Performance

Ball stock traded down $1.42 during midday trading on Tuesday, reaching $51.02. 1,111,135 shares of the company traded hands, compared to its average volume of 2,612,144. Ball Corporation has a 12 month low of $43.51 and a 12 month high of $68.12. The firm has a market capitalization of $13.88 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 1.20 and a beta of 1.06. 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 business has a 50 day moving average of $56.15 and a two-hundred day moving average of $53.20.

Ball (NYSE:BALL - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.03. Ball had a net margin of 4.49% and a return on equity of 16.81%. The company had revenue of $3.34 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same period last year, the company posted $0.74 earnings per share. Ball's quarterly revenue was up 12.8% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, research analysts predict that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.6%. Ball's payout ratio is presently 41.45%.

Ball 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.