Ball Corporation $BALL Shares Bought by Mirova US LLC

Key Points

• Mirova US LLC has increased its stake in Ball Corporation by 4.9%, now holding 2,669,081 shares valued at approximately $149.7 million.
• Ball Corporation's stock recently saw a decline of 2.3%, opening at $48.48, with analysts issuing a mixed consensus rating ranging from "Buy" to "Neutral."
• The company reported $0.90 earnings per share for its last quarter, exceeding estimates while announcing a quarterly dividend of $0.20 per share, yielding 1.7% annually.

Mirova US LLC raised its stake in Ball Corporation (NYSE:BALL - Free Report) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,669,081 shares of the company's stock after buying an additional 124,814 shares during the quarter. Ball comprises about 1.5% of Mirova US LLC's portfolio, making the stock its 26th biggest holding. Mirova US LLC owned about 0.96% of Ball worth $149,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of BALL. Brighton Jones LLC lifted its position in Ball by 41.2% in the fourth quarter. Brighton Jones LLC now owns 5,245 shares of the company's stock valued at $289,000 after buying an additional 1,531 shares during the last quarter. NBC Securities Inc. acquired a new position in Ball in the first quarter valued at about $83,000. Farther Finance Advisors LLC lifted its position in Ball by 51.3% in the first quarter. Farther Finance Advisors LLC now owns 1,474 shares of the company's stock valued at $77,000 after buying an additional 500 shares during the last quarter. GAMMA Investing LLC lifted its position in Ball by 6.0% in the first quarter. GAMMA Investing LLC now owns 3,852 shares of the company's stock valued at $201,000 after buying an additional 219 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Ball in the first quarter valued at about $382,000. Institutional investors and hedge funds own 86.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BALL. Citigroup cut their price target on shares of Ball from $60.00 to $53.00 and set a "neutral" rating on the stock in a research note on Monday, September 29th. Weiss Ratings reiterated a "hold (c)" rating on shares of Ball in a research note on Saturday, September 27th. Wells Fargo & Company boosted their price target on shares of Ball from $50.00 to $54.00 and gave the stock an "underweight" rating in a research note on Friday, July 18th. Mizuho cut their price target on shares of Ball from $68.00 to $61.00 and set an "outperform" rating on the stock in a research note on Friday. Finally, UBS Group cut their price target on shares of Ball from $61.00 to $55.00 and set a "neutral" rating on the stock in a research note on Monday. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $63.27.

Insider Buying and Selling at Ball

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the stock in a transaction that occurred 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 transaction, 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 document filed with the SEC, which is available at this hyperlink. Insiders own 0.57% of the company's stock.

Ball Stock Down 2.3%

BALL stock opened at $48.48 on Wednesday. The company's 50 day moving average price is $51.84 and its 200 day moving average price is $52.87. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00. Ball Corporation has a fifty-two week low of $43.51 and a fifty-two week high of $67.84. The firm has a market capitalization of $13.19 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 1.13 and a beta of 1.09.

Ball (NYSE:BALL - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.03. Ball had a net margin of 4.49% and a return on equity of 16.81%. The firm had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the firm earned $0.74 earnings per share. The business's quarterly revenue was up 12.8% compared to the same quarter last year. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, equities research analysts anticipate that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

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