APG Asset Management N.V. Has $9.17 Million Stock Holdings in Ball Corporation $BALL

Key Points

• APG Asset Management N.V. reduced its stake in Ball Corporation by 6.3%, holding 190,300 shares worth approximately $9.17 million as of its latest SEC filing.
• Ball Corporation reported a quarterly earnings per share of $0.90, exceeding expectations, with a revenue of $3.34 billion, marking a 12.8% increase year-over-year.
• The firm announced a quarterly dividend of $0.20 per share, reflecting a yield of 1.5% and a payout ratio of 41.45%.

APG Asset Management N.V. cut its stake in shares of Ball Corporation (NYSE:BALL - Free Report) by 6.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 190,300 shares of the company's stock after selling 12,900 shares during the period. APG Asset Management N.V. owned 0.07% of Ball worth $9,173,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of BALL. Cary Street Partners Investment Advisory LLC acquired a new position in Ball during the first quarter valued at approximately $32,000. Strengthening Families & Communities LLC boosted its position in Ball by 72.4% during the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company's stock valued at $37,000 after purchasing an additional 297 shares during the last quarter. Whipplewood Advisors LLC lifted its stake in Ball by 764.9% in the 1st quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock valued at $42,000 after purchasing an additional 719 shares during the last quarter. Federated Hermes Inc. grew its holdings in Ball by 40.4% during the first quarter. Federated Hermes Inc. now owns 1,311 shares of the company's stock worth $68,000 after purchasing an additional 377 shares during the period. Finally, Parvin Asset Management LLC bought a new position in Ball during the fourth quarter worth about $70,000. 86.51% of the stock is owned by institutional investors and hedge funds.

Ball Trading Down 1.2%

Shares of BALL stock opened at $53.0650 on Tuesday. The firm has a 50 day moving average price of $56.50 and a two-hundred day moving average price of $53.11. The company has a quick ratio of 0.67, a current ratio of 1.00 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $14.44 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 1.22 and a beta of 1.08. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $68.12.

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

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.80 annualized dividend and a yield of 1.5%. Ball's dividend payout ratio (DPR) is 41.45%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BALL. Truist Financial lifted their price target on Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Barclays reduced their price target on Ball from $61.00 to $57.00 and set an "equal weight" rating for the company in a report on Wednesday, May 14th. Mizuho lifted their price target on Ball from $60.00 to $68.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Citigroup lifted their price target on Ball from $55.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Finally, Loop Capital reduced their price target on Ball from $83.00 to $78.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Ball currently has a consensus rating of "Hold" and a consensus price target of $65.27.

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.

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