Ball Corporation $BALL Shares Sold by Norris Perne & French LLP MI

Norris Perne & French LLP MI lessened its stake in Ball Corporation (NYSE:BALL) by 9.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 489,460 shares of the company’s stock after selling 53,297 shares during the period. Ball accounts for 1.7% of Norris Perne & French LLP MI’s portfolio, making the stock its 20th biggest holding. Norris Perne & French LLP MI owned about 0.18% of Ball worth $24,679,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BALL. JPMorgan Chase & Co. boosted its holdings in shares of Ball by 2.6% in the second quarter. JPMorgan Chase & Co. now owns 8,210,060 shares of the company’s stock valued at $460,502,000 after acquiring an additional 207,733 shares in the last quarter. Norges Bank acquired a new stake in Ball in the second quarter worth approximately $192,463,000. Mirova US LLC lifted its position in Ball by 4.9% in the second quarter. Mirova US LLC now owns 2,669,081 shares of the company’s stock worth $149,709,000 after purchasing an additional 124,814 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Ball by 2.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,209,209 shares of the company’s stock valued at $115,034,000 after purchasing an additional 61,498 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Ball by 7.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,111,813 shares of the company’s stock valued at $118,452,000 after purchasing an additional 152,441 shares during the period. 86.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BALL. Mizuho cut their price objective on Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Wells Fargo & Company cut their price target on shares of Ball from $54.00 to $48.00 and set an “underweight” rating for the company in a report on Wednesday, October 15th. Truist Financial reduced their price objective on shares of Ball from $69.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ball in a report on Monday, December 15th. Finally, Citigroup reduced their target price on shares of Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $60.92.

Ball Price Performance

NYSE BALL opened at $52.66 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 1.26. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $60.28. The company has a market cap of $14.11 billion, a PE ratio of 21.41, a PEG ratio of 1.13 and a beta of 1.13. The stock’s 50-day moving average price is $49.19 and its two-hundred day moving average price is $52.05.

Ball (NYSE:BALL) last announced its earnings results on Tuesday, November 4th. The company reported $1.02 EPS for the quarter, hitting the consensus estimate of $1.02. Ball had a net margin of 5.36% and a return on equity of 17.89%. The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same period last year, the company posted $0.91 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, analysts predict that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, December 1st. Ball’s payout ratio is presently 32.52%.

Ball Profile

Ball Corporation is a leading provider of sustainable aluminum packaging solutions and advanced aerospace technologies. Headquartered in Broomfield, Colorado, the company serves customers in the beverage, food and aerosol markets through a global network of manufacturing facilities. With an emphasis on sustainability and innovation, Ball designs and produces metal cans, bottles and ends that support recycling and reduce environmental impact.

The company’s packaging segment specializes in beverage cans for soft drinks, beer and energy drinks, as well as metal packaging for food and personal care applications.