Ball Corporation $BALL Position Raised by Aviso Financial Inc.

Key Points

• Aviso Financial Inc. increased its stake in Ball Corporation by 2.6%, owning a total of 731,583 shares valued at approximately $38 million, making it the 20th largest holding in its portfolio.
• Analysts have recently adjusted their price targets for Ball Corporation, with estimates ranging from $54.00 to $70.00, and the stock has received an average rating of "Hold" based on analyst consensus.
• Ball Corporation declared a $0.20 quarterly dividend, which represents an annualized yield of 1.5%, with the ex-dividend date set for September 2nd.

Aviso Financial Inc. boosted its holdings in Ball Corporation (NYSE:BALL - Free Report) by 2.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 731,583 shares of the company's stock after buying an additional 18,621 shares during the period. Ball makes up about 1.9% of Aviso Financial Inc.'s investment portfolio, making the stock its 20th largest position. Aviso Financial Inc. owned 0.26% of Ball worth $38,094,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BALL. JPMorgan Chase & Co. grew its position in Ball by 44.2% in the first quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company's stock valued at $416,681,000 after acquiring an additional 2,453,630 shares in the last quarter. London Co. of Virginia grew its position in Ball by 61.1% in the fourth quarter. London Co. of Virginia now owns 3,054,393 shares of the company's stock valued at $168,389,000 after acquiring an additional 1,158,668 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Ball by 359.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,184,629 shares of the company's stock valued at $60,299,000 after acquiring an additional 926,728 shares in the last quarter. Nuveen LLC acquired a new stake in Ball in the first quarter valued at approximately $47,606,000. Finally, Alyeska Investment Group L.P. acquired a new stake in Ball in the fourth quarter valued at approximately $30,883,000. Hedge funds and other institutional investors own 86.51% of the company's stock.

Ball Stock Performance

Ball stock traded up $0.9930 during mid-day trading on Friday, reaching $53.7030. The company's stock had a trading volume of 2,529,319 shares, compared to its average volume of 2,662,197. The firm has a market cap of $14.62 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 1.20 and a beta of 1.08. The business has a 50 day moving average price of $56.56 and a 200-day moving average price of $53.07. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. Ball Corporation has a twelve month low of $43.51 and a twelve month high of $68.12.

Ball (NYSE:BALL - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, topping analysts' consensus estimates 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 firm's revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous 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 predict that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

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

Analyst Ratings Changes

BALL has been the subject of several recent research reports. UBS Group increased their price objective on shares of Ball from $54.00 to $60.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada increased their price objective 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. Wells Fargo & Company raised their price target on shares of Ball from $50.00 to $54.00 and gave the stock an "underweight" rating in a research report on Friday, July 18th. Truist Financial raised their price target on shares of Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, Barclays decreased their price target on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 14th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Ball has an average rating of "Hold" and an average target price of $65.27.

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.