Boston Common Asset Management LLC Trims Stake in Ball Corporation $BALL

Key Points

• Boston Common Asset Management LLC significantly reduced its stake in Ball Corporation by 55.1% during the second quarter, bringing their holdings down to 102,202 shares.
• Ball Corporation reported $0.90 EPS for the last quarter, surpassing expectations, with a revenue increase of 12.8% year-over-year and setting a FY 2025 guidance of 3.550-3.650 EPS.
• The company has also declared a quarterly dividend of $0.20 per share, representing an annualized yield of 1.6% and maintaining a dividend payout ratio of 41.45%.

Boston Common Asset Management LLC lowered its stake in Ball Corporation (NYSE:BALL - Free Report) by 55.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 102,202 shares of the company's stock after selling 125,389 shares during the quarter. Boston Common Asset Management LLC's holdings in Ball were worth $5,733,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BALL. Brighton Jones LLC lifted its stake 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 buying an additional 1,531 shares in the last quarter. GAMMA Investing LLC raised its holdings in Ball by 5,420.9% in the 1st quarter. GAMMA Investing LLC now owns 200,574 shares of the company's stock valued at $10,444,000 after acquiring an additional 196,941 shares during the last quarter. NBC Securities Inc. acquired a new position in Ball in the 1st quarter valued at $83,000. Toth Financial Advisory Corp raised its holdings in Ball by 0.6% in the 1st quarter. Toth Financial Advisory Corp now owns 53,359 shares of the company's stock valued at $2,778,000 after acquiring an additional 325 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Ball by 51.3% in the 1st quarter. Farther Finance Advisors LLC now owns 1,474 shares of the company's stock valued at $77,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company's stock.

Ball Trading Down 0.4%

BALL stock opened at $50.29 on Friday. The company has a market cap of $13.69 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 1.14 and a beta of 1.09. The company has a quick ratio of 0.67, a current ratio of 1.00 and a debt-to-equity ratio of 1.23. The business has a fifty day simple moving average of $52.22 and a 200-day simple moving average of $52.90. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $67.84.

Ball (NYSE:BALL - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.03. The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.10 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%.The business's revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm posted $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 EPS for the current year.

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Ball's dividend payout ratio is 41.45%.

Insiders Place Their Bets

In related news, Chairman Daniel William Fisher sold 3,400 shares of the company's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $51.55, for a total transaction of $175,270.00. Following the completion of the sale, the chairman directly owned 10,036 shares of the company's stock, valued at approximately $517,355.80. This represents a 25.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BALL. Bank of America reiterated 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. Royal Bank Of Canada boosted their price target on Ball from $69.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Wells Fargo & Company boosted their price target on Ball from $50.00 to $54.00 and gave the company an "underweight" rating in a report on Friday, July 18th. Weiss Ratings reiterated a "hold (c)" rating on shares of Ball in a report on Saturday, September 27th. Finally, Truist Financial boosted their price target on Ball from $62.00 to $69.00 and gave the company a "buy" rating in a report on Friday, July 11th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Ball currently has a consensus rating of "Hold" and a consensus target price of $63.73.

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.

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