Ball Corporation $BALL Shares Sold by Candriam S.C.A.

Key Points

• Candriam S.C.A. significantly cut its stake in Ball Corporation by 78.2% during the first quarter, leaving it with only 38,092 shares valued at approximately $1.98 million.
• Ball Corporation reported strong quarterly earnings, with an EPS of $0.90, surpassing estimates, and a net revenue growth of 12.8% year-over-year.
• The company announced a quarterly dividend of $0.20 per share, which will be paid on September 16th, representing an annual dividend yield of 1.5%.

Candriam S.C.A. lowered its stake in shares of Ball Corporation (NYSE:BALL - Free Report) by 78.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 38,092 shares of the company's stock after selling 136,624 shares during the quarter. Candriam S.C.A.'s holdings in Ball were worth $1,983,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BALL. Brighton Jones LLC increased its position in shares of Ball by 41.2% during 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 last quarter. MML Investors Services LLC increased its position in shares of Ball by 7.6% during 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 last quarter. OneDigital Investment Advisors LLC increased its position in shares of Ball by 22.9% during 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 last quarter. Stifel Financial Corp increased its position in shares of Ball by 85.1% during the 4th quarter. Stifel Financial Corp now owns 81,146 shares of the company's stock valued at $4,474,000 after purchasing an additional 37,318 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Ball during the 4th quarter valued at approximately $245,000. Institutional investors own 86.51% of the company's stock.

Ball Stock Up 0.7%

Shares of NYSE BALL traded up $0.36 during mid-day trading on Friday, reaching $52.43. 316,279 shares of the company were exchanged, compared to its average volume of 2,612,715. 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 stock has a market cap of $14.27 billion, a price-to-earnings ratio of 27.15, a P/E/G ratio of 1.19 and a beta of 1.08. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $68.12. The firm has a 50-day moving average of $56.30 and a 200 day moving average of $53.12.

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

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.20 per share. 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 is 41.45%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Barclays cut their price objective 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. Citigroup upped their price objective on Ball from $55.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Loop Capital cut their price objective on Ball from $83.00 to $78.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Mizuho upped their price objective on Ball from $60.00 to $68.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, Royal Bank Of Canada upped their price objective on Ball from $69.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $65.27.

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.