7,308 Shares in Ball Corporation $BALL Bought by Midwest Trust Co

Midwest Trust Co purchased a new position in Ball Corporation (NYSE:BALL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,308 shares of the company’s stock, valued at approximately $410,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BALL. JPMorgan Chase & Co. lifted its stake in shares of Ball by 44.2% in the 1st quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company’s stock valued at $416,681,000 after acquiring an additional 2,453,630 shares during the last quarter. Invesco Ltd. increased its stake in Ball by 5.1% in the 1st quarter. Invesco Ltd. now owns 4,370,274 shares of the company’s stock worth $227,560,000 after purchasing an additional 210,838 shares during the period. Dimensional Fund Advisors LP increased its stake in Ball by 10.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,370,532 shares of the company’s stock worth $175,480,000 after purchasing an additional 315,091 shares during the period. Northern Trust Corp lifted its position in Ball by 0.7% in the first quarter. Northern Trust Corp now owns 3,046,342 shares of the company’s stock valued at $158,623,000 after purchasing an additional 19,921 shares during the last quarter. Finally, Mirova US LLC boosted its stake in shares of Ball by 4.9% during the second quarter. Mirova US LLC now owns 2,669,081 shares of the company’s stock valued at $149,709,000 after purchasing an additional 124,814 shares during the period. 86.51% of the stock is owned by institutional investors.

Ball Trading Down 1.7%

Shares of BALL opened at $46.45 on Thursday. The firm’s 50-day moving average price is $48.93 and its 200-day moving average price is $52.76. The firm has a market capitalization of $12.45 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 1.09 and a beta of 1.12. 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 Corporation has a 1-year low of $43.51 and a 1-year high of $63.35.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, November 4th. The company reported $1.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.02. Ball had a net margin of 4.49% and a return on equity of 16.81%. The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. Ball’s revenue was up 9.6% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Sell-side analysts anticipate that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, December 1st. Ball’s dividend payout ratio (DPR) is presently 32.52%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Raymond James Financial assumed coverage on shares of Ball in a research note on Wednesday, October 15th. They issued a “market perform” rating on the stock. Truist Financial cut their price target on shares of Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Royal Bank Of Canada boosted their price objective on shares of Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. UBS Group dropped their target price on shares of Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ball in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $61.33.

Insider Buying and Selling at Ball

In related news, Chairman Daniel William Fisher sold 3,400 shares of Ball stock in a transaction that occurred 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 sale, the chairman directly owned 10,036 shares in the company, valued at $517,355.80. The trade was a 25.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is 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.