Banco Bilbao Vizcaya Argentaria S.A. Sells 30,222 Shares of Ball Corporation $BALL

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. reduced its holdings in Ball Corporation by 65.0%, selling 30,222 shares and leaving it with 16,298 shares worth $848,000.
• Ball's recent earnings report showed a 12.8% increase in revenue year-over-year, with an EPS of $0.90, surpassing analysts' estimates.
• The company announced a quarterly dividend of $0.20, resulting in an annualized yield of 1.5%, with the ex-dividend date set for September 2nd.

Banco Bilbao Vizcaya Argentaria S.A. cut its holdings in Ball Corporation (NYSE:BALL - Free Report) by 65.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,298 shares of the company's stock after selling 30,222 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Ball were worth $848,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Ball by 41.2% in the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company's stock valued at $289,000 after purchasing an additional 1,531 shares during the period. Jump Financial LLC bought a new position in Ball in the 4th quarter valued at $454,000. MML Investors Services LLC boosted its holdings in Ball by 7.6% in the 4th quarter. MML Investors Services LLC now owns 21,732 shares of the company's stock valued at $1,198,000 after purchasing an additional 1,542 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Ball by 128.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 19,531 shares of the company's stock valued at $1,077,000 after purchasing an additional 10,979 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its holdings in Ball by 22.9% in the 4th quarter. OneDigital Investment Advisors LLC now owns 19,230 shares of the company's stock valued at $1,060,000 after purchasing an additional 3,589 shares during the period. 86.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on BALL. Bank of America reissued a "neutral" rating and issued a $66.00 price target (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Mizuho raised their price target on shares of Ball from $60.00 to $68.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Truist Financial raised their price target on shares of Ball from $62.00 to $69.00 and gave the company a "buy" rating in a report on Friday, July 11th. Citigroup raised their price target on shares of Ball from $55.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, July 3rd. Finally, Barclays lowered their price objective on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 14th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $65.27.

Ball Stock Performance

Ball stock opened at $53.7030 on Friday. The firm's fifty day moving average price is $56.56 and its 200-day moving average price is $53.07. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00. The stock has a market cap of $14.62 billion, a P/E ratio of 27.83, a price-to-earnings-growth ratio of 1.20 and a beta of 1.08. Ball Corporation has a fifty-two week low of $43.51 and a fifty-two week high of $68.12.

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

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Tuesday, September 2nd. Ball's dividend payout ratio (DPR) is presently 41.45%.

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.

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