Ball Corporation $BALL Stock Holdings Decreased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its position in Ball Corporation (NYSE:BALL) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 87,681 shares of the company’s stock after selling 3,209 shares during the period. Public Employees Retirement System of Ohio’s holdings in Ball were worth $4,918,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BALL. JPMorgan Chase & Co. increased its position in shares of Ball by 44.2% in the first quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company’s stock worth $416,681,000 after acquiring an additional 2,453,630 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Ball by 359.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,184,629 shares of the company’s stock worth $60,299,000 after acquiring an additional 926,728 shares in the last quarter. Nuveen LLC purchased a new position in shares of Ball in the first quarter worth approximately $47,606,000. First Manhattan CO. LLC. boosted its holdings in shares of Ball by 38.2% during the first quarter. First Manhattan CO. LLC. now owns 1,653,305 shares of the company’s stock worth $86,088,000 after purchasing an additional 457,230 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of Ball by 35.5% during the first quarter. Deutsche Bank AG now owns 1,733,004 shares of the company’s stock worth $90,238,000 after purchasing an additional 454,155 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Price Performance

NYSE:BALL opened at $49.61 on Tuesday. The stock has a market cap of $13.50 billion, a P/E ratio of 25.70, a PEG ratio of 1.13 and a beta of 1.06. Ball Corporation has a one year low of $43.51 and a one year high of $68.12. The company has a fifty day moving average price of $52.94 and a 200 day moving average price of $52.95. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67.

Ball (NYSE:BALL) last released its earnings results on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. The firm 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 business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Analysts anticipate that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Announces Dividend

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

Insider Buying and Selling

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $51.55, for a total value of $175,270.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.57% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company raised their price target on shares of Ball from $50.00 to $54.00 and gave the stock an “underweight” rating in a report on Friday, July 18th. UBS Group raised their price target on shares of Ball from $54.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, July 9th. Royal Bank Of Canada raised their price target on shares of Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Bank of America restated a “neutral” rating and set a $66.00 price target (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Finally, Mizuho raised their price target on shares of Ball from $60.00 to $68.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Ball currently has an average rating of “Hold” and an average price target of $64.36.

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.