XTX Topco Ltd Trims Holdings in Ball Corporation (NYSE:BALL)

XTX Topco Ltd cut its holdings in Ball Corporation (NYSE:BALL - Free Report) by 58.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,857 shares of the company's stock after selling 13,606 shares during the quarter. XTX Topco Ltd's holdings in Ball were worth $513,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Banque Cantonale Vaudoise bought a new position in Ball during the first quarter worth about $1,236,000. Federated Hermes Inc. boosted its holdings in 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 buying an additional 377 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Ball by 2.3% during the first quarter. Meeder Asset Management Inc. now owns 191,593 shares of the company's stock worth $9,976,000 after buying an additional 4,321 shares during the last quarter. Evermay Wealth Management LLC boosted its holdings in Ball by 11.5% during the first quarter. Evermay Wealth Management LLC now owns 1,943 shares of the company's stock worth $101,000 after buying an additional 200 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Ball by 1.7% during the first quarter. Mackenzie Financial Corp now owns 155,735 shares of the company's stock worth $8,109,000 after buying an additional 2,580 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Ball Trading Up 0.0%

Shares of BALL traded up $0.02 during mid-day trading on Friday, reaching $54.06. 1,729,402 shares of the company were exchanged, compared to its average volume of 2,425,928. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $68.12. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.70 and a current ratio of 1.00. The stock has a market capitalization of $14.71 billion, a PE ratio of 28.01, a PEG ratio of 1.22 and a beta of 1.08. The business has a 50 day simple moving average of $56.65 and a two-hundred day simple moving average of $53.17.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.03. Ball had a return on equity of 16.81% and a net margin of 4.49%. The firm had revenue of $3.34 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same quarter last year, the firm posted $0.74 earnings per share. The company's revenue for the quarter was up 12.8% compared to the same quarter last year. On average, analysts predict 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. Stockholders of record on Tuesday, September 2nd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 2nd. Ball's dividend payout ratio (DPR) is currently 41.45%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BALL shares. Mizuho lifted their target price on Ball from $60.00 to $68.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Bank of America reaffirmed a "neutral" rating and set a $66.00 price target (down previously from $67.00) on shares of Ball in a research report on Wednesday, July 9th. UBS Group boosted their price target on Ball from $54.00 to $60.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Royal Bank Of Canada boosted their price target on Ball from $69.00 to $70.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, Truist Financial boosted their price target on Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ball currently has an average rating of "Moderate Buy" and an average 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.