Ball Corporation $BALL Shares Sold by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D has reduced its holdings in Ball Corporation by 6.8%, owning 102,798 shares valued at approximately $5.35 million after selling 7,551 shares.
• Ball Corporation reported earnings of $0.90 per share for the last quarter, exceeding analysts' estimates, with revenue reaching $3.34 billion, marking a 12.8% year-over-year increase.
• The company has declared a quarterly dividend of $0.20 per share to be paid on September 16th, reflecting an annualized dividend yield of 1.5%.

State of New Jersey Common Pension Fund D trimmed its holdings in shares of Ball Corporation (NYSE:BALL - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,798 shares of the company's stock after selling 7,551 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Ball were worth $5,353,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC purchased a new position in Ball during the first quarter valued at approximately $32,000. Strengthening Families & Communities LLC increased its holdings in Ball by 72.4% during the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company's stock valued at $37,000 after buying an additional 297 shares during the period. Whipplewood Advisors LLC increased its holdings in Ball by 764.9% during the first quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock valued at $42,000 after buying an additional 719 shares during the period. Parvin Asset Management LLC purchased a new position in Ball during the fourth quarter valued at approximately $70,000. Finally, Federated Hermes Inc. increased its holdings in Ball by 40.4% during the first quarter. Federated Hermes Inc. now owns 1,311 shares of the company's stock valued at $68,000 after buying an additional 377 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Stock Up 1.9%

NYSE BALL traded up $0.9930 on Friday, hitting $53.7030. The stock had a trading volume of 2,529,319 shares, compared to its average volume of 2,709,012. The business's fifty day moving average price is $56.56 and its 200 day moving average price is $53.09. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67. Ball Corporation has a 52-week low of $43.51 and a 52-week high of $68.12. The stock has a market cap of $14.62 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 1.22 and a beta of 1.08.

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

Ball Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, September 2nd. Ball's payout ratio is presently 41.45%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Barclays cut their price objective on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 14th. Citigroup lifted their price target on shares of Ball from $55.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Mizuho lifted their price target on shares of Ball from $60.00 to $68.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Truist Financial lifted their price target on shares of Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, Royal Bank Of Canada lifted their price target on shares of Ball from $69.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $65.27.

Ball 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.