American Century Companies Inc. Has $31.72 Million Stake in Ball Corporation $BALL

American Century Companies Inc. increased its stake in shares of Ball Corporation (NYSE:BALL) by 12.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 565,575 shares of the company’s stock after buying an additional 63,975 shares during the quarter. American Century Companies Inc. owned about 0.21% of Ball worth $31,723,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC increased its position in Ball by 4.9% during the 1st quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock worth $228,000 after purchasing an additional 205 shares in the last quarter. Nordea Investment Management AB boosted its position in Ball by 48.3% in the second quarter. Nordea Investment Management AB now owns 72,657 shares of the company’s stock valued at $4,074,000 after buying an additional 23,657 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Ball by 20.7% during the first quarter. Russell Investments Group Ltd. now owns 601,522 shares of the company’s stock worth $31,313,000 after buying an additional 103,022 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Ball by 22.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 84,503 shares of the company’s stock worth $4,399,000 after buying an additional 15,300 shares in the last quarter. Finally, Inspire Trust Co. N.A. lifted its stake in shares of Ball by 9.3% in the 1st quarter. Inspire Trust Co. N.A. now owns 59,000 shares of the company’s stock valued at $3,072,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Analyst Ratings Changes

BALL has been the topic of a number of research reports. Citigroup reduced their price objective on Ball from $60.00 to $53.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Truist Financial dropped their price objective on shares of Ball from $69.00 to $65.00 and set a “buy” rating for the company in a report on Monday, October 13th. Wells Fargo & Company cut their target price on shares of Ball from $54.00 to $48.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 15th. Mizuho decreased their price target on shares of Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Finally, UBS Group cut their price target on shares of Ball from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $60.92.

Ball Trading Down 1.6%

NYSE BALL opened at $48.84 on Friday. The stock has a market capitalization of $13.09 billion, a P/E ratio of 25.31, a P/E/G ratio of 1.09 and a beta of 1.12. The business has a 50 day simple moving average of $48.54 and a 200 day simple moving average of $52.49. 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 Corporation has a one year low of $43.51 and a one year high of $62.96.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $1.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.02. The firm had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%.The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Research analysts expect that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, December 1st. Ball’s payout ratio is 32.52%.

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.