Cwm LLC Sells 28,695 Shares of Ball Corporation $BALL

Cwm LLC reduced its holdings in shares of Ball Corporation (NYSE:BALL) by 48.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,380 shares of the company’s stock after selling 28,695 shares during the quarter. Cwm LLC’s holdings in Ball were worth $1,532,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Rosenberg Matthew Hamilton grew its holdings in shares of Ball by 145.0% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock worth $29,000 after purchasing an additional 306 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Ball during the second quarter worth $46,000. CYBER HORNET ETFs LLC acquired a new position in shares of Ball in the second quarter worth approximately $47,000. IFP Advisors Inc raised its position in shares of Ball by 103.2% in the 2nd quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock worth $68,000 after acquiring an additional 580 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Ball by 336.9% during the 2nd quarter. UMB Bank n.a. now owns 1,337 shares of the company’s stock worth $75,000 after buying an additional 1,031 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Ball Price Performance

Shares of NYSE:BALL opened at $53.35 on Monday. The firm’s 50 day moving average price is $49.56 and its 200-day moving average price is $51.97. Ball Corporation has a twelve month low of $43.51 and a twelve month high of $60.28. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $14.30 billion, a PE ratio of 21.69, a price-to-earnings-growth ratio of 1.01 and a beta of 1.14.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $1.02 EPS for the quarter, meeting the consensus estimate of $1.02. The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.32 billion. Ball had a net margin of 5.36% and a return on equity of 17.89%. The company’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm earned $0.91 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Equities research analysts expect that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.20 dividend. The ex-dividend date was Monday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.5%. Ball’s dividend payout ratio (DPR) is currently 32.52%.

Analyst Ratings Changes

Several research firms have recently commented on BALL. Weiss Ratings reissued a “hold (c)” rating on shares of Ball in a research report on Monday, December 29th. Mizuho reduced their price target on Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Raymond James Financial initiated coverage on Ball in a research report on Wednesday, October 15th. They set a “market perform” rating for the company. UBS Group lowered their price target on Ball from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. reduced their price objective on Ball from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Seven equities 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.92.

Ball Profile

Ball Corporation is a leading provider of sustainable aluminum packaging solutions and advanced aerospace technologies. Headquartered in Broomfield, Colorado, the company serves customers in the beverage, food and aerosol markets through a global network of manufacturing facilities. With an emphasis on sustainability and innovation, Ball designs and produces metal cans, bottles and ends that support recycling and reduce environmental impact.

The company’s packaging segment specializes in beverage cans for soft drinks, beer and energy drinks, as well as metal packaging for food and personal care applications.