BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 15,300 Shares of Ball Corporation $BALL

Key Points

• BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Ball Corporation by 22.1% in Q1, bringing its total to 84,503 shares valued at approximately $4.4 million.
• Ball Corporation reported a quarterly EPS of $0.90, exceeding expectations and marking a 12.8% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.20 per share, set to be paid on September 16th, reflecting an annual yield of 1.5%.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Ball Corporation (NYSE:BALL - Free Report) by 22.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,503 shares of the company's stock after purchasing an additional 15,300 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in Ball were worth $4,399,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of Ball by 44.2% during the first quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company's stock worth $416,681,000 after buying an additional 2,453,630 shares during the last quarter. Invesco Ltd. increased its position in Ball by 5.1% during the first quarter. Invesco Ltd. now owns 4,370,274 shares of the company's stock worth $227,560,000 after acquiring an additional 210,838 shares during the period. Dimensional Fund Advisors LP increased its position in Ball by 10.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,370,532 shares of the company's stock worth $175,480,000 after acquiring an additional 315,091 shares during the period. London Co. of Virginia raised its stake in Ball by 61.1% during the 4th quarter. London Co. of Virginia now owns 3,054,393 shares of the company's stock valued at $168,389,000 after purchasing an additional 1,158,668 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Ball by 0.7% in the 1st quarter. Northern Trust Corp now owns 3,046,342 shares of the company's stock valued at $158,623,000 after purchasing an additional 19,921 shares during the period. Institutional investors and hedge funds own 86.51% of the company's stock.

Analyst Upgrades and Downgrades

BALL has been the topic of several research reports. Mizuho boosted their price objective on shares of Ball from $60.00 to $68.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Barclays decreased their target price on Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 14th. UBS Group upped their price target on Ball from $54.00 to $60.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Loop Capital reduced their price objective on Ball from $83.00 to $78.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Finally, Truist Financial boosted their price objective on Ball from $62.00 to $69.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $65.27.

Ball Price Performance

BALL stock traded up $0.9930 during trading on Friday, hitting $53.7030. The company had a trading volume of 2,529,319 shares, compared to its average volume of 2,662,197. The company has a fifty day moving average price of $56.56 and a two-hundred day moving average price of $53.07. Ball Corporation has a fifty-two week low of $43.51 and a fifty-two week high of $68.12. The company has a market cap of $14.62 billion, a P/E ratio of 27.83, a P/E/G ratio of 1.20 and a beta of 1.08. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23.

Ball (NYSE:BALL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 earnings per share (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 company had revenue of $3.34 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same period last year, the business earned $0.74 earnings per share. The business's revenue was up 12.8% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Equities research analysts expect that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Dividend Announcement

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 given a $0.20 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.5%. Ball's payout ratio is 41.45%.

About Ball

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.