National Pension Service Has $3.02 Million Position in Ball Corporation $BALL

Key Points

• The National Pension Service significantly reduced its stake in Ball Corporation by 87.9%, selling 420,999 shares and retaining only 57,949 shares, valued at approximately $3 million.
• Ball Corporation recently declared a quarterly dividend of $0.20 per share, with a dividend yield of 1.5%, to be paid on September 16th.
• In its latest quarterly earnings report, Ball Corporation exceeded expectations with $0.90 earnings per share, up from $0.74 in the previous year, driving a 12.8% increase in revenue year-over-year.

National Pension Service trimmed its holdings in shares of Ball Corporation (NYSE:BALL - Free Report) by 87.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,949 shares of the company's stock after selling 420,999 shares during the period. National Pension Service's holdings in Ball were worth $3,017,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in Ball by 41.2% during 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 during the period. Rockefeller Capital Management L.P. acquired a new position in shares of Ball in the 4th quarter valued at $568,000. Townsquare Capital LLC increased its position in shares of Ball by 25.4% in the 4th quarter. Townsquare Capital LLC now owns 10,089 shares of the company's stock valued at $556,000 after buying an additional 2,041 shares in the last quarter. CreativeOne Wealth LLC grew its stake in Ball by 17.6% in the fourth quarter. CreativeOne Wealth LLC now owns 5,689 shares of the company's stock valued at $314,000 after acquiring an additional 850 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of Ball during the fourth quarter worth about $454,000. 86.51% of the stock is owned by institutional investors.

Ball Stock Performance

Shares of Ball stock traded up $0.0250 during trading on Wednesday, hitting $53.1650. 2,867,797 shares of the stock were exchanged, compared to its average volume of 2,641,647. The company has a fifty day moving average price of $56.66 and a 200-day moving average price of $53.08. Ball Corporation has a 1-year low of $43.51 and a 1-year high of $68.12. The stock has a market capitalization of $14.47 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 1.20 and a beta of 1.08. 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 (NYSE:BALL - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share (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 the consensus estimate of $3.10 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%.The firm's quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, equities analysts predict that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.80 annualized dividend and a yield of 1.5%. Ball's dividend payout ratio is presently 41.45%.

Analyst Ratings Changes

A number of analysts recently issued reports on BALL shares. 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. Barclays lowered their price objective 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. Wells Fargo & Company boosted their price objective on shares of Ball from $50.00 to $54.00 and gave the company an "underweight" rating in a research report on Friday, July 18th. Mizuho increased their target price on Ball from $60.00 to $68.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, Bank of America reissued a "neutral" rating and issued a $66.00 price target (down previously from $67.00) on shares of Ball in a research note on Wednesday, July 9th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target 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.