Voya Investment Management LLC Grows Stake in Ball Corporation $BALL

Voya Investment Management LLC grew its holdings in Ball Corporation (NYSE:BALL) by 0.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 88,214 shares of the company’s stock after purchasing an additional 535 shares during the quarter. Voya Investment Management LLC’s holdings in Ball were worth $4,593,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in BALL. JPMorgan Chase & Co. increased its position in shares of Ball by 44.2% during the first quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company’s stock worth $416,681,000 after purchasing an additional 2,453,630 shares in the last quarter. Invesco Ltd. raised its stake in Ball by 5.1% in the first quarter. Invesco Ltd. now owns 4,370,274 shares of the company’s stock valued at $227,560,000 after buying an additional 210,838 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ball by 10.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,370,532 shares of the company’s stock worth $175,480,000 after acquiring an additional 315,091 shares in the last quarter. Northern Trust Corp grew its stake in shares of Ball by 0.7% during the first quarter. Northern Trust Corp now owns 3,046,342 shares of the company’s stock worth $158,623,000 after acquiring an additional 19,921 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Ball by 2.9% during the first 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 acquiring an additional 61,498 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Insiders Place Their Bets

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the firm’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $51.55, for a total transaction of $175,270.00. Following the transaction, the chairman directly owned 10,036 shares of the company’s stock, valued at approximately $517,355.80. This trade represents a 25.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Truist Financial upped their price target on shares of Ball from $62.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Bank of America reaffirmed a “neutral” rating and issued a $66.00 price target (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Wells Fargo & Company boosted their price target on Ball from $50.00 to $54.00 and gave the company an “underweight” rating in a report on Friday, July 18th. Royal Bank Of Canada lifted their target price on shares of Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Finally, Citigroup raised their price target on shares of Ball from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, July 3rd. Six equities research 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $65.27.

Ball Price Performance

Shares of BALL opened at $48.70 on Friday. Ball Corporation has a twelve month low of $43.51 and a twelve month high of $68.12. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $13.25 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 1.12 and a beta of 1.06. The firm’s fifty day simple moving average is $54.03 and its 200-day simple moving average is $53.09.

Ball (NYSE:BALL) last issued its 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 analysts’ expectations 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 quarter in the prior year, the business posted $0.74 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Equities analysts forecast that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a $0.20 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.80 annualized dividend and a yield of 1.6%. Ball’s dividend payout ratio is 41.45%.

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.