Credit Agricole S A Decreases Stock Holdings in Ball Corporation $BALL

Key Points

• Credit Agricole S A reduced its stake in Ball Corporation by 24.9%, selling 49,974 shares, and now holds 150,945 shares valued at approximately $7.86 million.
• Multiple large investors have adjusted their holdings in Ball, including JPMorgan Chase & Co., which increased its stake by 44.2% to over 8 million shares worth $416.68 million.
• Ball Corporation has recently announced a quarterly dividend of $0.20 per share, representing an annualized yield of 1.5% with a payout ratio of 41.45%.

Credit Agricole S A decreased its position in Ball Corporation (NYSE:BALL - Free Report) by 24.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,945 shares of the company's stock after selling 49,974 shares during the period. Credit Agricole S A owned approximately 0.05% of Ball worth $7,860,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Ball by 22.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 84,503 shares of the company's stock valued at $4,399,000 after purchasing an additional 15,300 shares during the period. Quantbot Technologies LP raised its holdings in shares of Ball by 5.6% during the first quarter. Quantbot Technologies LP now owns 58,537 shares of the company's stock valued at $3,048,000 after purchasing an additional 3,115 shares during the period. Wellington Management Group LLP raised its holdings in shares of Ball by 5.4% in the 1st quarter. Wellington Management Group LLP now owns 1,318,054 shares of the company's stock worth $68,631,000 after acquiring an additional 67,285 shares during the last quarter. Qtron Investments LLC raised its holdings in shares of Ball by 19.1% in the 1st quarter. Qtron Investments LLC now owns 17,796 shares of the company's stock worth $927,000 after acquiring an additional 2,856 shares during the last quarter. Finally, Aviso Financial Inc. raised its holdings in shares of Ball by 2.6% in the 1st quarter. Aviso Financial Inc. now owns 731,583 shares of the company's stock worth $38,094,000 after acquiring an additional 18,621 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Loop Capital lowered their target price on shares of Ball from $83.00 to $78.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. 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. Mizuho upped their target price on shares of Ball from $60.00 to $68.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Citigroup upped their target price on shares of Ball from $55.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Finally, Wells Fargo & Company upped their target price on shares of Ball from $50.00 to $54.00 and gave the stock an "underweight" rating in a report on Friday, July 18th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Ball has an average rating of "Hold" and an average price target of $65.27.

Ball Stock Up 1.9%

BALL stock traded up $0.9930 during trading on Friday, reaching $53.7030. The stock had a trading volume of 2,529,319 shares, compared to its average volume of 2,709,012. Ball Corporation has a one year low of $43.51 and a one year high of $68.12. The company's 50 day moving average is $56.56 and its two-hundred day moving average is $53.09. The company has a market capitalization of $14.62 billion, a price-to-earnings ratio of 27.83, a P/E/G ratio of 1.22 and a beta of 1.08. The company has a quick ratio of 0.67, a current ratio of 1.00 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 for the quarter, beating 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 during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the firm earned $0.74 EPS. The company's 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. Equities research analysts forecast that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.80 annualized dividend 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.