Hsbc Holdings PLC Trims Stake in Ball Corporation $BALL

Key Points

• Hsbc Holdings PLC has reduced its stake in Ball Corporation by 12.8%, now holding 1,131,326 shares worth approximately $58.85 million.
• Largest institutional investors like JPMorgan Chase and Invesco have increased their holdings in Ball, indicating a strong interest from the investment community.
• Ball Corporation reported a quarterly earnings per share (EPS) of $0.90, surpassing analyst expectations, with a revenue increase of 12.8% year-over-year.

Hsbc Holdings PLC lowered its position in Ball Corporation (NYSE:BALL - Free Report) by 12.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,131,326 shares of the company's stock after selling 166,703 shares during the period. Hsbc Holdings PLC owned about 0.41% of Ball worth $58,848,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Ball by 22.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 84,503 shares of the company's stock worth $4,399,000 after buying an additional 15,300 shares during the period. Quantbot Technologies LP boosted its holdings in Ball by 5.6% in the 1st quarter. Quantbot Technologies LP now owns 58,537 shares of the company's stock worth $3,048,000 after buying an additional 3,115 shares during the period. Wellington Management Group LLP boosted its holdings in Ball by 5.4% in the 1st quarter. Wellington Management Group LLP now owns 1,318,054 shares of the company's stock worth $68,631,000 after buying an additional 67,285 shares during the period. Qtron Investments LLC boosted its holdings in Ball by 19.1% in the 1st quarter. Qtron Investments LLC now owns 17,796 shares of the company's stock worth $927,000 after buying an additional 2,856 shares during the period. Finally, Aviso Financial Inc. boosted its holdings in shares of Ball by 2.6% during the 1st quarter. Aviso Financial Inc. now owns 731,583 shares of the company's stock valued at $38,094,000 after purchasing an additional 18,621 shares during the last quarter. Institutional investors own 86.51% of the company's stock.

Ball Trading Up 1.9%

Shares of NYSE:BALL traded up $0.9930 during trading on Friday, reaching $53.7030. The company's stock had a trading volume of 2,529,319 shares, compared to its average volume of 2,709,012. 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 Corporation has a 12 month low of $43.51 and a 12 month high of $68.12. The firm's 50 day simple moving average is $56.56 and its two-hundred day simple moving average is $53.08. The stock has a market capitalization of $14.62 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 1.22 and a beta of 1.08.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.90 EPS 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 during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the firm earned $0.74 EPS. The firm's revenue for the quarter was up 12.8% compared to the same quarter last year. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, research analysts predict that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.5%. Ball's dividend payout ratio (DPR) is presently 41.45%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BALL shares. Barclays dropped their price objective on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating for the company in a report on Wednesday, May 14th. Royal Bank Of Canada increased their price objective on shares of Ball from $69.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Bank of America reissued a "neutral" rating and set a $66.00 price objective (down previously from $67.00) on shares of Ball in a report on Wednesday, July 9th. Wells Fargo & Company increased their price objective on shares of Ball from $50.00 to $54.00 and gave the company an "underweight" rating in a report on Friday, July 18th. Finally, Loop Capital dropped their price objective on shares of Ball from $83.00 to $78.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Ball has a consensus rating of "Hold" and a consensus price target of $65.27.

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.