Mn Services Vermogensbeheer B.V. Lowers Holdings in Ball Corporation $BALL

Key Points

• Mn Services Vermogensbeheer B.V. reduced its stake in Ball Corporation by 12.1%, selling 13,800 shares, bringing its holdings to 100,300 shares worth $5.63 million.
• The company's stock price opened at $48.70 with a market capitalization of $13.25 billion, while recently posted earnings exceeded expectations with an EPS of $0.90 compared to the consensus estimate of $0.87.
• Ball Corporation announced a quarterly dividend of $0.20 per share, with a payout ratio of 41.45% and an annualized dividend yield of 1.6%.

Mn Services Vermogensbeheer B.V. reduced its stake in Ball Corporation (NYSE:BALL - Free Report) by 12.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,300 shares of the company's stock after selling 13,800 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Ball were worth $5,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of BALL. Brighton Jones LLC raised its stake in Ball by 41.2% in the fourth 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 in the last quarter. Tidal Investments LLC raised its stake in Ball by 9.9% in the fourth quarter. Tidal Investments LLC now owns 36,359 shares of the company's stock valued at $2,004,000 after purchasing an additional 3,265 shares in the last quarter. Two Sigma Advisers LP raised its stake in Ball by 27.4% in the fourth quarter. Two Sigma Advisers LP now owns 9,300 shares of the company's stock valued at $513,000 after purchasing an additional 2,000 shares in the last quarter. Vident Advisory LLC raised its stake in Ball by 26.8% in the fourth quarter. Vident Advisory LLC now owns 4,231 shares of the company's stock valued at $233,000 after purchasing an additional 895 shares in the last quarter. Finally, Waverly Advisors LLC purchased a new stake in Ball in the fourth quarter valued at approximately $292,000. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Stock Down 0.3%

Ball stock traded down $0.13 on Tuesday, hitting $48.57. 1,586,465 shares of the stock traded hands, compared to its average volume of 2,585,772. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. The firm has a market cap of $13.22 billion, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 1.11 and a beta of 1.06. The business's fifty day simple moving average is $53.84 and its 200 day simple moving average is $53.06. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $68.12.

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

Ball Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Mizuho lifted their price target on shares of Ball from $60.00 to $68.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Bank of America reissued a "neutral" rating and set a $66.00 price target (down from $67.00) on shares of Ball in a research note on Wednesday, July 9th. UBS Group lifted their price target on shares of Ball from $54.00 to $60.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Truist Financial lifted their price target on shares of Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Wells Fargo & Company lifted their price target on shares of Ball from $50.00 to $54.00 and gave the stock an "underweight" rating in a research note on Friday, July 18th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $65.27.

Insider Activity

In other news, Chairman Daniel William Fisher sold 3,400 shares of Ball stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $51.55, for a total value of $175,270.00. Following the completion of the transaction, the chairman 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is currently owned by corporate insiders.

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.