Ball Corporation $BALL Shares Acquired by Norris Perne & French LLP MI

Key Points

• Norris Perne & French LLP MI increased its stake in Ball Corporation by 33.6%, now holding approximately $30.4 million worth of shares, making Ball its 11th largest position.
• Ball Corporation reported a quarterly earnings per share (EPS) of $0.90, exceeding estimates and showing a 12.8% increase in revenue compared to the previous year.
• Ball's quarterly dividend of $0.20 per share represents a yield of 1.6% and a payout ratio of 41.45%.

Norris Perne & French LLP MI boosted its holdings in shares of Ball Corporation (NYSE:BALL - Free Report) by 33.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 542,757 shares of the company's stock after purchasing an additional 136,443 shares during the period. Ball makes up approximately 2.1% of Norris Perne & French LLP MI's holdings, making the stock its 11th biggest position. Norris Perne & French LLP MI owned about 0.20% of Ball worth $30,443,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Ball in the 1st quarter valued at approximately $32,000. Strengthening Families & Communities LLC lifted its position in shares of 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 acquiring an additional 297 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Ball in the 1st quarter valued at approximately $39,000. Whipplewood Advisors LLC lifted 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 valued at $42,000 after acquiring an additional 719 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Ball by 40.4% in the 1st quarter. Federated Hermes Inc. now owns 1,311 shares of the company's stock valued at $68,000 after acquiring an additional 377 shares in the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Ball Price Performance

NYSE BALL opened at $49.50 on Monday. 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 company has a fifty day simple moving average of $53.10 and a 200 day simple moving average of $52.97. The company has a market cap of $13.47 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.13 and a beta of 1.06. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $68.12.

Ball (NYSE:BALL - Get Free Report) last posted 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 business 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%. Ball's quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, sell-side analysts predict that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.6%. Ball's dividend payout ratio is 41.45%.

Insiders Place Their Bets

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the stock in a transaction on 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 directly owned 10,036 shares of the company's stock, valued at $517,355.80. This represents a 25.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Bank of America reiterated a "neutral" rating and issued a $66.00 price objective (down previously from $67.00) on shares of Ball in a research note on Wednesday, July 9th. Citigroup increased their price target on shares of Ball from $55.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Royal Bank Of Canada increased their price target on shares of Ball from $69.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Truist Financial increased their price target on shares of Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Mizuho increased their price target on shares of Ball from $60.00 to $68.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. 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.

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