Ball Corporation $BALL Shares Purchased by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management has increased its stake in Ball Corporation by 2.9% during the first quarter, now owning over 2.2 million shares valued at approximately $115 million.
• Ball Corporation reported a strong quarterly performance, with earnings per share of $0.90, surpassing predictions, and a year-over-year revenue increase of 12.8%.
• The company has declared a quarterly dividend of $0.20 per share, with a dividend yield of 1.6%, set to be paid on September 16th.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Ball Corporation (NYSE:BALL - Free Report) by 2.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,209,209 shares of the company's stock after purchasing an additional 61,498 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.80% of Ball worth $115,034,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Ball during the first quarter worth about $32,000. Strengthening Families & Communities LLC lifted its holdings in shares of Ball by 72.4% during the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company's stock worth $37,000 after purchasing an additional 297 shares during the period. SVB Wealth LLC acquired a new stake in shares of Ball during the first quarter worth about $39,000. Whipplewood Advisors LLC lifted its holdings in shares of Ball by 764.9% during the first quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock worth $42,000 after purchasing an additional 719 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in shares of 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. Institutional investors and hedge funds own 86.51% of the company's stock.

Ball Stock Up 0.2%

Shares of BALL opened at $51.24 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00. The stock has a 50 day moving average price of $54.93 and a 200 day moving average price of $53.18. The stock has a market capitalization of $13.94 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 1.16 and a beta of 1.06. Ball Corporation has a one year low of $43.51 and a one year high of $68.12.

Ball (NYSE:BALL - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. The company had revenue of $3.34 billion during the quarter, compared to analysts' expectations of $3.10 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%.The firm's quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.74 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Equities research analysts forecast that Ball Corporation will post 3.48 earnings per share 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 issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Ball's dividend payout ratio is presently 41.45%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. UBS Group lifted their target price on Ball from $54.00 to $60.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Truist Financial lifted their target price on Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Bank of America reissued a "neutral" rating and issued a $66.00 price target (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Royal Bank Of Canada boosted their price target on Ball from $69.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Finally, Mizuho boosted their price objective on Ball from $60.00 to $68.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Ball has an average rating of "Hold" and a consensus target price of $65.27.

Insider Transactions at Ball

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the company's stock in a transaction on Thursday, August 28th. The stock was 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 in the company, valued at $517,355.80. This represents a 25.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is currently owned by insiders.

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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