US Bancorp DE Decreases Stock Position in Ball Corporation $BALL

US Bancorp DE cut its stake in Ball Corporation (NYSE:BALL) by 2.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,027 shares of the company’s stock after selling 345 shares during the period. US Bancorp DE’s holdings in Ball were worth $843,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BALL. Cary Street Partners Investment Advisory LLC purchased a new position in Ball in the first quarter valued at $32,000. Strengthening Families & Communities LLC boosted its holdings in Ball by 72.4% in the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock valued at $37,000 after purchasing an additional 297 shares during the period. SVB Wealth LLC purchased a new position in Ball in the first quarter valued at $39,000. Federated Hermes Inc. boosted its holdings in Ball by 40.4% in the first quarter. Federated Hermes Inc. now owns 1,311 shares of the company’s stock valued at $68,000 after purchasing an additional 377 shares during the period. Finally, UMB Bank n.a. boosted its holdings in Ball by 336.9% in the second quarter. UMB Bank n.a. now owns 1,337 shares of the company’s stock valued at $75,000 after purchasing an additional 1,031 shares during the period. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Ball Stock Up 0.7%

BALL opened at $48.39 on Friday. The business’s 50-day simple moving average is $50.58 and its 200-day simple moving average is $52.66. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00. Ball Corporation has a one year low of $43.51 and a one year high of $67.84. The stock has a market capitalization of $13.17 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 1.11 and a beta of 1.09.

Ball (NYSE:BALL) last posted its earnings results on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. Ball had a return on equity of 16.81% and a net margin of 4.49%.The business had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The business’s revenue was up 12.8% compared to the same quarter last year. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Analysts anticipate that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The business 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. This represents a $0.80 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. Ball’s payout ratio is 41.45%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BALL shares. Bank of America reaffirmed 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. Royal Bank Of Canada lifted their price target on Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Truist Financial decreased their price target on Ball from $69.00 to $65.00 and set a “buy” rating for the company in a report on Monday, October 13th. Citigroup decreased their price target on Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ball in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $62.36.

Insider Buying and Selling

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the company’s 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 completion of the sale, the chairman directly owned 10,036 shares of the company’s stock, valued at $517,355.80. This represents a 25.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Ball Company 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.