Erste Asset Management GmbH Takes $319,000 Position in Ball Corporation $BALL

Key Points

• Erste Asset Management GmbH has acquired a new stake of 6,200 shares in Ball Corporation, valued at approximately $319,000, according to their latest 13F filing.
• Several hedge funds, including Brighton Jones LLC and Tower Research Capital LLC, have significantly increased their holdings in Ball Corporation during the fourth quarter, reflecting growing institutional interest.
• Analysts have recently raised their target prices for Ball Corporation, with UBS Group setting a new target of $60.00 and Citigroup increasing it to $63.00, indicating a positive outlook for the stock.

Erste Asset Management GmbH bought a new stake in shares of Ball Corporation (NYSE:BALL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,200 shares of the company's stock, valued at approximately $319,000.

A number of other hedge funds have also recently modified their holdings of BALL. Brighton Jones LLC boosted its holdings 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 buying an additional 1,531 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Ball during the 4th quarter valued at $454,000. MML Investors Services LLC boosted its holdings 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 buying an additional 1,542 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Ball by 128.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 19,531 shares of the company's stock valued at $1,077,000 after buying an additional 10,979 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its stake in shares of Ball by 22.9% in the fourth quarter. OneDigital Investment Advisors LLC now owns 19,230 shares of the company's stock worth $1,060,000 after acquiring an additional 3,589 shares during the last quarter. Institutional investors own 86.51% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on BALL. UBS Group increased their target price on Ball from $54.00 to $60.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Citigroup increased their target price on Ball from $55.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Royal Bank Of Canada increased their target price on Ball from $69.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Truist Financial increased their target price on Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Mizuho increased their target price on Ball from $60.00 to $68.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Six equities 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 company's stock. Based on data from MarketBeat, Ball presently has an average rating of "Hold" and an average target price of $65.27.

Ball Trading Up 1.9%

Shares of NYSE:BALL opened at $53.7030 on Friday. The company has a market cap of $14.62 billion, a P/E ratio of 27.83, a PEG ratio of 1.20 and a beta of 1.08. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $68.12. The stock's fifty day moving average price is $56.56 and its 200-day moving average price is $53.07.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $3.34 billion for 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 company's quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Sell-side analysts expect that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued 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 of this dividend is Tuesday, September 2nd. Ball's dividend payout ratio 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.