Generali Asset Management SPA SGR Acquires Shares of 25,365 Ball Corporation $BALL

Generali Asset Management SPA SGR bought a new position in Ball Corporation (NYSE:BALL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 25,365 shares of the company’s stock, valued at approximately $1,279,000.

A number of other institutional investors have also recently made changes to their positions in the company. Rosenberg Matthew Hamilton increased its holdings in Ball by 145.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock worth $29,000 after acquiring an additional 306 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in Ball during the second quarter valued at about $46,000. CYBER HORNET ETFs LLC bought a new position in Ball during the second quarter worth about $47,000. IFP Advisors Inc increased its stake in shares of Ball by 103.2% in the second quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock worth $68,000 after purchasing an additional 580 shares in the last quarter. Finally, True Wealth Design LLC increased its stake in shares of Ball by 17.6% in the third quarter. True Wealth Design LLC now owns 1,438 shares of the company’s stock worth $73,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Trading Up 0.7%

Ball stock opened at $53.35 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.72 and a current ratio of 1.11. Ball Corporation has a fifty-two week low of $43.51 and a fifty-two week high of $60.28. The stock has a market cap of $14.30 billion, a P/E ratio of 21.69, a PEG ratio of 1.01 and a beta of 1.14. The firm’s fifty day moving average price is $49.56 and its 200-day moving average price is $51.97.

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

Ball Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ball in a report on Monday, December 29th. Truist Financial dropped their target price on Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Bank of America upgraded Ball from a “neutral” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Monday, November 17th. Wells Fargo & Company decreased their price objective on Ball from $54.00 to $48.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 15th. Finally, Citigroup cut their target price on Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Seven investment 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $60.92.

About Ball

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.