38,006 Ball Corporation $BALL Shares Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. raised its holdings in Ball Corporation (NYSE:BALL) by 6.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 622,612 shares of the company’s stock after buying an additional 38,006 shares during the period. Eurizon Capital SGR S.p.A. owned about 0.24% of Ball worth $38,456,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Ball during the 2nd quarter worth approximately $1,310,991,000. Deutsche Bank AG bought a new stake in Ball in the 2nd quarter valued at $163,768,000. Bank of America Corp DE acquired a new stake in Ball during the 2nd quarter valued at $160,506,000. Bank of New York Mellon Corp acquired a new stake in Ball during the 2nd quarter valued at $143,165,000. Finally, Hsbc Holdings PLC acquired a new stake in Ball during the 2nd quarter valued at $96,380,000. 86.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ball

In other news, SVP Mandy Glew sold 5,626 shares of Ball stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total transaction of $358,938.80. Following the completion of the sale, the senior vice president owned 7,209 shares of the company’s stock, valued at approximately $459,934.20. This trade represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.58% of the company’s stock.

Analysts Set New Price Targets

BALL has been the topic of several research reports. Mizuho upped their price objective on shares of Ball from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, November 4th. Citigroup increased their price objective on shares of Ball from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, November 5th. Truist Financial restated a “buy” rating and set a $76.00 target price (down from $78.00) on shares of Ball in a research note on Wednesday, November 4th. JPMorgan Chase & Co. downgraded shares of Ball from an “overweight” rating to a “neutral” rating and set a $65.00 target price for the company. in a report on Wednesday, November 4th. Finally, UBS Group lifted their target price on shares of Ball from $63.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, November 4th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $72.15.

Ball Price Performance

Shares of NYSE BALL opened at $65.39 on Friday. The firm has a market cap of $17.02 billion, a P/E ratio of 32.86, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 1.11. Ball Corporation has a 1-year low of $46.65 and a 1-year high of $69.57. The business’s 50 day moving average is $61.65 and its 200-day moving average is $61.34.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.03. The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Ball had a return on equity of 18.81% and a net margin of 3.52%. The firm’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period last year, the firm posted $1.02 EPS. Equities research analysts predict that Ball Corporation will post 4.00 earnings per share for the current year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. Ball’s dividend payout ratio (DPR) is currently 40.20%.

About Ball

Ball Corporation is a global supplier of aluminum packaging, best known for making beverage cans and ends for beverage companies. Its products are used for a range of drinks, including beer, soft drinks, energy drinks and other beverages. The company also offers aluminum cups and other specialty packaging products. Ball serves customers across North America, South America, Europe, the Middle East, Africa and Asia. Its packaging operations support beverage brands and producers with manufacturing capabilities in multiple regions.