Ball Corporation $BALL Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd reduced its stake in Ball Corporation by 34.4% during the first quarter, holding now 16,120 shares valued at $839,000.
• Ball Corporation's recent quarterly earnings report showed $0.90 earnings per share, exceeding analysts' expectations, with revenue up 12.8% year-over-year.
• The company declared a quarterly dividend of $0.20 per share, with a 1.5% yield, to be paid on September 16th to stockholders of record.

Gulf International Bank UK Ltd lessened its holdings in shares of Ball Corporation (NYSE:BALL - Free Report) by 34.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,120 shares of the company's stock after selling 8,456 shares during the period. Gulf International Bank UK Ltd's holdings in Ball were worth $839,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in Ball by 44.2% during the 1st quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company's stock valued at $416,681,000 after acquiring an additional 2,453,630 shares during the period. London Co. of Virginia boosted its stake in shares of Ball by 61.1% during the 4th quarter. London Co. of Virginia now owns 3,054,393 shares of the company's stock worth $168,389,000 after acquiring an additional 1,158,668 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Ball by 359.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,184,629 shares of the company's stock valued at $60,299,000 after purchasing an additional 926,728 shares during the period. Nuveen LLC acquired a new stake in Ball in the 1st quarter valued at $47,606,000. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Ball in the fourth quarter valued at about $30,883,000. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Ball Stock Performance

BALL traded up $1.4610 on Friday, hitting $54.1710. 714,738 shares of the company traded hands, compared to its average volume of 2,627,895. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $68.12. 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 company has a 50 day moving average of $56.57 and a 200-day moving average of $53.06. The stock has a market capitalization of $14.74 billion, a PE ratio of 28.10, a PEG ratio of 1.21 and a beta of 1.08.

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

Ball Announces Dividend

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 $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Ball's dividend payout ratio (DPR) is currently 41.45%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Citigroup lifted their price target on Ball from $55.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Truist Financial raised 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. Mizuho boosted their price target on shares of Ball from $60.00 to $68.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. 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. Finally, Barclays decreased their price target on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 14th. 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. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $65.27.

Ball Company 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.