New York State Teachers Retirement System Trims Stock Holdings in Ball Corporation $BALL

Key Points

• The New York State Teachers Retirement System reduced its stake in Ball Corporation by 9.0%, owning 215,106 shares valued at $12,065,000 after selling 21,193 shares in the second quarter.
• Ball Corporation reported a quarterly EPS of $0.90, surpassing analyst estimates of $0.87, with a revenue increase of 12.8% year-over-year.
• The company recently announced a $0.20 quarterly dividend with a 1.7% yield, and has set its fiscal year 2025 earnings guidance at 3.550-3.650 EPS.

New York State Teachers Retirement System cut its holdings in shares of Ball Corporation (NYSE:BALL - Free Report) by 9.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 215,106 shares of the company's stock after selling 21,193 shares during the period. New York State Teachers Retirement System owned 0.08% of Ball worth $12,065,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BALL. Rosenberg Matthew Hamilton grew its position in Ball by 145.0% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company's stock worth $29,000 after purchasing an additional 306 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Ball during the first quarter worth about $32,000. Strengthening Families & Communities LLC increased its position in Ball by 72.4% in the 1st quarter. Strengthening Families & Communities LLC now owns 707 shares of the company's stock valued at $37,000 after acquiring an additional 297 shares during the period. SVB Wealth LLC purchased a new stake in Ball during the 1st quarter valued at approximately $39,000. Finally, Federated Hermes Inc. lifted its position in Ball by 40.4% during the 1st quarter. Federated Hermes Inc. now owns 1,311 shares of the company's stock worth $68,000 after acquiring an additional 377 shares during the period. Hedge funds and other institutional investors own 86.51% of the company's stock.

Ball Stock Up 0.7%

BALL stock opened at $48.39 on Friday. 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 company's 50-day moving average price is $50.58 and its 200 day moving average price is $52.66. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $67.84. The company has a market cap of $13.17 billion, a P/E ratio of 25.07, a P/E/G ratio of 1.11 and a beta of 1.09.

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

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.80 annualized dividend and a yield of 1.7%. Ball's dividend payout ratio is 41.45%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BALL shares. Raymond James Financial initiated coverage on Ball in a research note on Wednesday. They set a "market perform" rating for the company. Mizuho reduced their target price on shares of Ball from $68.00 to $61.00 and set an "outperform" rating for the company in a research note on Friday, October 3rd. UBS Group lowered their target price on shares of Ball from $61.00 to $55.00 and set a "neutral" rating on the stock in a report on Monday, October 6th. Truist Financial cut their price target on shares of Ball from $69.00 to $65.00 and set a "buy" rating for the company in a report on Monday, October 13th. Finally, Wells Fargo & Company reduced their price objective on shares of Ball from $54.00 to $48.00 and set an "underweight" rating for the company in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $62.36.

Insider Buying and Selling at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of Ball stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $51.55, for a total transaction 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 filing with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

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.

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