Mutual of America Capital Management LLC Sells 2,888 Shares of Ball Corporation $BALL

Mutual of America Capital Management LLC reduced its stake in shares of Ball Corporation (NYSE:BALL) by 8.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,811 shares of the company’s stock after selling 2,888 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ball were worth $1,784,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BALL. Brighton Jones LLC boosted its stake in Ball by 41.2% in the fourth quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock valued at $289,000 after acquiring an additional 1,531 shares during the last quarter. GAMMA Investing LLC boosted its stake in Ball by 6.0% in the first quarter. GAMMA Investing LLC now owns 3,852 shares of the company’s stock valued at $201,000 after acquiring an additional 219 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Ball by 19.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,481 shares of the company’s stock valued at $1,171,000 after acquiring an additional 3,676 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Ball by 12.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 55,997 shares of the company’s stock valued at $2,916,000 after acquiring an additional 6,106 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in Ball in the first quarter valued at approximately $203,000. 86.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BALL. Mizuho reduced their price objective on shares of Ball from $68.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Citigroup reduced their price target on shares of Ball from $60.00 to $53.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Royal Bank Of Canada lifted their price target on shares of Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. UBS Group reduced their price target on shares of Ball from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Finally, Truist Financial reduced their price target on shares of Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.36.

Insider Transactions at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of the company’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 directly owned 10,036 shares of the company’s stock, valued at approximately $517,355.80. This represents a 25.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.81% of the company’s stock.

Ball Stock Performance

Shares of BALL stock opened at $49.88 on Friday. The company has a market capitalization of $13.57 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 1.14 and a beta of 1.09. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00. The company has a 50-day simple moving average of $50.13 and a 200 day simple moving average of $52.74. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $65.06.

Ball (NYSE:BALL) last issued 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 company 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 revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, sell-side analysts predict that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $0.20 dividend. 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 41.45%.

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.