Aberdeen Group plc Sells 106,026 Shares of Ball Corporation $BALL

Key Points

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Aberdeen Group plc lowered its position in Ball Corporation (NYSE:BALL - Free Report) by 21.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 389,494 shares of the company's stock after selling 106,026 shares during the quarter. Aberdeen Group plc owned 0.14% of Ball worth $20,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of BALL. Dimensional Fund Advisors LP raised its position in shares of Ball by 10.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,370,532 shares of the company's stock worth $175,480,000 after acquiring an additional 315,091 shares during the last quarter. Inspire Trust Co. N.A. grew its holdings in Ball by 9.3% in the first quarter. Inspire Trust Co. N.A. now owns 59,000 shares of the company's stock worth $3,072,000 after purchasing an additional 5,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Ball by 22.3% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 13,700 shares of the company's stock valued at $713,000 after purchasing an additional 2,500 shares during the period. Neuberger Berman Group LLC boosted its position in shares of Ball by 9.1% during the 1st quarter. Neuberger Berman Group LLC now owns 494,246 shares of the company's stock worth $25,735,000 after purchasing an additional 41,061 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Ball by 20.7% in the 1st quarter. Russell Investments Group Ltd. now owns 601,522 shares of the company's stock valued at $31,313,000 after buying an additional 103,022 shares during the period. Institutional investors own 86.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Bank of America restated a "neutral" rating and issued a $66.00 target price (down previously from $67.00) on shares of Ball in a report on Wednesday, July 9th. Truist Financial lifted their target price 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. Wells Fargo & Company increased their price target on Ball from $50.00 to $54.00 and gave the company an "underweight" rating in a research report on Friday, July 18th. UBS Group boosted their price target on shares of Ball from $54.00 to $60.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Finally, Royal Bank Of Canada lifted their price objective on shares of Ball from $69.00 to $70.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Ball currently has an average rating of "Hold" and an average price target of $65.27.

Ball Trading Up 1.9%

NYSE BALL traded up $1.0250 on Friday, hitting $53.7350. The company's stock had a trading volume of 1,657,317 shares, compared to its average volume of 2,634,480. Ball Corporation has a 52-week low of $43.51 and a 52-week high of $68.12. The firm has a market cap of $14.62 billion, a P/E ratio of 27.83, a PEG ratio of 1.21 and a beta of 1.08. The company's 50-day simple moving average is $56.57 and its 200 day simple moving average is $53.06. 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 (NYSE:BALL - Get Free Report) last released 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. Ball had a net margin of 4.49% and a return on equity of 16.81%. The firm had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the business earned $0.74 earnings per share. The business's revenue was up 12.8% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Research analysts predict that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

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