T. Rowe Price Investment Management Inc. decreased its position in shares of Ball Corporation (NYSE:BALL - Free Report) by 9.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,506,764 shares of the company's stock after selling 1,408,091 shares during the period. T. Rowe Price Investment Management Inc. owned about 4.87% of Ball worth $703,298,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BALL. Evermay Wealth Management LLC increased its position in shares of Ball by 11.5% in the 1st quarter. Evermay Wealth Management LLC now owns 1,943 shares of the company's stock worth $101,000 after purchasing an additional 200 shares during the last quarter. GAMMA Investing LLC boosted its stake in Ball by 6.0% during the 1st quarter. GAMMA Investing LLC now owns 3,852 shares of the company's stock valued at $201,000 after purchasing an additional 219 shares during the period. Strengthening Families & Communities LLC lifted its stake in shares of Ball by 72.4% in the 1st quarter. Strengthening Families & Communities LLC now owns 707 shares of the company's stock worth $37,000 after acquiring an additional 297 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of Ball by 11.7% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,938 shares of the company's stock worth $153,000 after acquiring an additional 307 shares during the period. Finally, Toth Financial Advisory Corp lifted its stake in shares of Ball by 0.6% in the 1st quarter. Toth Financial Advisory Corp now owns 53,359 shares of the company's stock worth $2,778,000 after acquiring an additional 325 shares during the period. Hedge funds and other institutional investors own 86.51% of the company's stock.
Analyst Ratings Changes
A number of analysts recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Ball from $50.00 to $54.00 and gave the stock an "underweight" rating in a report on Friday, July 18th. Truist Financial boosted their price target on shares of Ball from $62.00 to $69.00 and gave the company a "buy" rating in a report on Friday, July 11th. Mizuho boosted their price target on shares of Ball from $60.00 to $68.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Citigroup boosted their price target on shares of Ball from $55.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, July 3rd. Finally, Bank of America reaffirmed a "neutral" rating and set a $66.00 price objective (down from $67.00) on shares of Ball in a research report on Wednesday, July 9th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ball presently has an average rating of "Hold" and a consensus target price of $65.27.
Read Our Latest Analysis on BALL
Ball Stock Performance
Shares of NYSE BALL traded up $0.9930 during trading hours on Friday, hitting $53.7030. 2,529,319 shares of the stock were exchanged, compared to its average volume of 2,662,197. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67. The company's 50 day moving average is $56.56 and its 200 day moving average is $53.08. The firm has a market capitalization of $14.62 billion, a P/E ratio of 27.83, a P/E/G ratio of 1.22 and a beta of 1.08. Ball Corporation has a one year low of $43.51 and a one year 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 (EPS) for the quarter, topping 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 net margin of 4.49% and a return on equity of 16.81%. Ball's quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior 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 EPS for the current year.
Ball Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, September 2nd. Ball's dividend payout ratio is presently 41.45%.
Ball Company Profile
(
Free Report)
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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