Ball Corporation $BALL Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its stake in Ball Corporation (NYSE:BALL - Free Report) by 83.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 79,945 shares of the company's stock after selling 397,115 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Ball were worth $4,479,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Basecamp Wealth Advisors LLC lifted its position in shares of Ball by 135.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company's stock worth $28,000 after purchasing an additional 274 shares in the last quarter. Ancora Advisors LLC purchased a new position in shares of Ball in the second quarter valued at approximately $30,000. Trust Co. of Vermont purchased a new position in shares of Ball in the second quarter valued at approximately $37,000. Parkside Financial Bank & Trust grew its holdings in shares of Ball by 29.8% in the second quarter. Parkside Financial Bank & Trust now owns 863 shares of the company's stock valued at $54,000 after purchasing an additional 198 shares in the last quarter. Finally, Root Financial Partners LLC grew its holdings in shares of Ball by 94.8% in the first quarter. Root Financial Partners LLC now owns 1,054 shares of the company's stock valued at $62,000 after purchasing an additional 513 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company's stock.

Analyst Upgrades and Downgrades

BALL has been the topic of several recent research reports. Citigroup downgraded shares of Ball from a "buy" rating to a "reduce" rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. upgraded shares of Ball from a "neutral" rating to an "overweight" rating and set a $65.00 target price on the stock in a report on Friday, September 18th. Mizuho set a $72.00 price target on Ball in a report on Wednesday, August 5th. Royal Bank Of Canada lowered their price objective on Ball from $77.00 to $73.00 and set an "outperform" rating for the company in a research report on Tuesday, October 13th. Finally, Truist Financial set a $78.00 target price on shares of Ball in a research note on Wednesday, August 5th. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Ball has an average rating of "Moderate Buy" and an average price target of $71.00.

Ball Price Performance

BALL stock opened at $64.10 on Wednesday. The business has a 50 day moving average price of $60.73 and a 200 day moving average price of $60.31. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13. The stock has a market cap of $16.97 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 1.21 and a beta of 0.96. Ball Corporation has a fifty-two week low of $44.83 and a fifty-two week high of $68.29.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.69 billion. Ball had a net margin of 6.61% and a return on equity of 18.76%. The firm's revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. Equities research analysts anticipate that Ball Corporation will post 4.01 earnings per share for the current fiscal year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Ball's payout ratio is 22.66%.

Insiders Place Their Bets

In other Ball news, SVP Mandy Glew sold 5,626 shares of the company's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total value of $358,938.80. Following the completion of the transaction, the senior vice president owned 7,209 shares in the company, valued at $459,934.20. This represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.58% of the stock is currently owned by company insiders.

About Ball

Ball Corporation is a global supplier of sustainable aluminum packaging. The company primarily manufactures aluminum beverage cans, bottles and cups used by beer, soft-drink, energy-drink and other beverage companies. Its products are designed to support brand presentation, product protection and recycling throughout the packaging lifecycle.

Ball serves customers across North and South America, Europe and other international markets through a network of manufacturing facilities. The company also develops and markets aluminum packaging products for additional consumer and household applications, including its reusable and recyclable Ball Aluminum Cup.

Founded in 1880 as a manufacturer of glass containers, Ball evolved into a major producer of metal packaging and became particularly known for its aluminum beverage cans.

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