Nisa Investment Advisors LLC Cuts Stake in Ball Corporation $BALL

Nisa Investment Advisors LLC cut its holdings in Ball Corporation (NYSE:BALL) by 14.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,105 shares of the company’s stock after selling 16,296 shares during the period. Nisa Investment Advisors LLC’s holdings in Ball were worth $4,745,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BALL. Nordea Investment Management AB boosted its position in shares of Ball by 48.3% during the 2nd quarter. Nordea Investment Management AB now owns 72,657 shares of the company’s stock valued at $4,074,000 after acquiring an additional 23,657 shares during the last quarter. Endeavor Private Wealth Inc. purchased a new stake in Ball during the third quarter valued at $583,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Ball by 4.8% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 254,445 shares of the company’s stock valued at $14,272,000 after purchasing an additional 11,731 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Ball by 12.8% in the 2nd quarter. American Century Companies Inc. now owns 565,575 shares of the company’s stock worth $31,723,000 after buying an additional 63,975 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Ball by 7.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,111,813 shares of the company’s stock worth $118,452,000 after buying an additional 152,441 shares during the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Mizuho lowered their price target on shares of Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ball in a research note on Monday, December 29th. Truist Financial lifted their target price on Ball from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. JPMorgan Chase & Co. decreased their price target on Ball from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Finally, Raymond James Financial began coverage on Ball in a research report on Wednesday, October 15th. They issued a “market perform” rating for the company. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Ball presently has a consensus rating of “Moderate Buy” and an average target price of $62.83.

Ball Price Performance

BALL opened at $55.60 on Monday. The business has a fifty day moving average of $50.19 and a 200 day moving average of $51.90. Ball Corporation has a 52-week low of $43.51 and a 52-week 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 cap of $14.90 billion, a P/E ratio of 22.60, a PEG ratio of 1.10 and a beta of 1.14.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $1.02 EPS for the quarter, hitting analysts’ consensus estimates of $1.02. Ball had a net margin of 5.36% and a return on equity of 17.89%. The firm had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the prior year, the business posted $0.91 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, sell-side 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 Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, December 1st. Ball’s payout ratio is currently 32.52%.

Ball Company 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.