Lbp Am Sa Sells 28,403 Shares of Ball Corporation $BALL

Key Points

• Lbp Am Sa reduced its stake in Ball Corporation by 5.0%, selling 28,403 shares while still holding about 537,765 shares valued at approximately $30.16 million.
• Ball Corporation reported earnings per share of $0.90 for the last quarter, exceeding forecasts, and projected 3.550-3.650 EPS guidance for FY 2025.
• The company declared a quarterly dividend of $0.20 per share, representing an annual yield of 1.6%, with a payout ratio of 41.45%.

Lbp Am Sa lowered its position in shares of Ball Corporation (NYSE:BALL - Free Report) by 5.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 537,765 shares of the company's stock after selling 28,403 shares during the period. Lbp Am Sa owned about 0.19% of Ball worth $30,163,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BALL. JPMorgan Chase & Co. increased its holdings in shares of Ball by 44.2% in the first quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company's stock worth $416,681,000 after buying an additional 2,453,630 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of Ball by 359.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,184,629 shares of the company's stock worth $60,299,000 after buying an additional 926,728 shares during the period. Nuveen LLC purchased a new position in shares of Ball in the first quarter worth about $47,606,000. First Manhattan CO. LLC. increased its holdings in shares of Ball by 38.2% in the first quarter. First Manhattan CO. LLC. now owns 1,653,305 shares of the company's stock worth $86,088,000 after buying an additional 457,230 shares during the period. Finally, Deutsche Bank AG increased its holdings in shares of Ball by 35.5% in the first quarter. Deutsche Bank AG now owns 1,733,004 shares of the company's stock worth $90,238,000 after buying an additional 454,155 shares during the period. Institutional investors own 86.51% of the company's stock.

Ball Stock Performance

Ball stock opened at $50.45 on Wednesday. The stock's 50 day simple moving average is $52.75 and its two-hundred day simple moving average is $52.94. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00. The stock has a market cap of $13.73 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 1.13 and a beta of 1.06. Ball Corporation has a fifty-two week low of $43.51 and a fifty-two week high of $68.12.

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 the consensus estimate of $0.87 by $0.03. The business had revenue of $3.34 billion for 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 business's revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, analysts expect that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Dividend Announcement

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

Insider Activity at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $51.55, for a total value of $175,270.00. Following the sale, the chairman directly owned 10,036 shares of the company's stock, valued at $517,355.80. The trade was a 25.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.57% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BALL has been the topic of a number of research analyst reports. UBS Group boosted their price target on Ball from $54.00 to $60.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. 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. Mizuho boosted their price target on Ball from $60.00 to $68.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. 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. 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 analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ball currently has an average rating of "Hold" and a consensus target price of $64.36.

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.

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