Ball Corporation $BALL Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC increased its holdings in shares of Ball Corporation (NYSE:BALL) by 3.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,168 shares of the company’s stock after purchasing an additional 2,090 shares during the quarter. ProShare Advisors LLC’s holdings in Ball were worth $3,150,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rosenberg Matthew Hamilton boosted its stake in Ball by 145.0% during the second quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock worth $29,000 after buying an additional 306 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Ball in the 1st quarter worth approximately $32,000. Strengthening Families & Communities LLC lifted its holdings in shares of Ball by 72.4% in the 1st quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock worth $37,000 after acquiring an additional 297 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Ball during the 1st quarter worth approximately $39,000. Finally, Federated Hermes Inc. increased its holdings in Ball by 40.4% in the 1st quarter. Federated Hermes Inc. now owns 1,311 shares of the company’s stock valued at $68,000 after purchasing an additional 377 shares during the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ball

In related news, Chairman Daniel William Fisher sold 3,400 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $51.55, for a total transaction of $175,270.00. Following the completion of the transaction, the chairman owned 10,036 shares in the company, valued at approximately $517,355.80. The trade was a 25.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. 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 research note on Wednesday, November 5th. Raymond James Financial began coverage on Ball in a report on Wednesday, October 15th. They set a “market perform” rating for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Ball in a research note on Wednesday, October 8th. 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. Finally, Wells Fargo & Company dropped their price objective on shares of Ball from $54.00 to $48.00 and set an “underweight” rating for the company in a report on Wednesday, October 15th. Six equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $61.33.

Ball Stock Performance

Shares of BALL opened at $47.60 on Friday. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $63.35. The stock has a market capitalization of $12.76 billion, a PE ratio of 24.66, a PEG ratio of 1.09 and a beta of 1.12. 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 stock has a 50-day simple moving average of $48.81 and a 200-day simple moving average of $52.71.

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

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, December 1st. Ball’s payout ratio is 32.52%.

Ball 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.