Northern Trust Corp Boosts Position in Ball Corporation $BALL

Northern Trust Corp grew its stake in Ball Corporation (NYSE:BALL) by 0.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,046,342 shares of the company’s stock after acquiring an additional 19,921 shares during the quarter. Northern Trust Corp owned about 1.10% of Ball worth $158,623,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC acquired a new position in Ball in the first quarter valued at $32,000. Strengthening Families & Communities LLC boosted its holdings in Ball by 72.4% in the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock valued at $37,000 after purchasing an additional 297 shares during the last quarter. Whipplewood Advisors LLC boosted its holdings in Ball by 764.9% in the first quarter. Whipplewood Advisors LLC now owns 813 shares of the company’s stock valued at $42,000 after purchasing an additional 719 shares during the last quarter. Parvin Asset Management LLC bought a new position in Ball during the 4th quarter worth approximately $70,000. Finally, Federated Hermes Inc. lifted its holdings in Ball by 40.4% during the 1st quarter. Federated Hermes Inc. now owns 1,311 shares of the company’s stock worth $68,000 after buying an additional 377 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Ball Trading Up 1.9%

Ball stock opened at $53.7030 on Friday. Ball Corporation has a 12 month low of $43.51 and a 12 month high of $68.12. The company has a quick ratio of 0.67, a current ratio of 1.00 and a debt-to-equity ratio of 1.23. The business has a 50 day moving average price of $56.56 and a two-hundred day moving average price of $53.07. The stock has a market cap of $14.62 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 1.20 and a beta of 1.08.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. Ball had a return on equity of 16.81% and a net margin of 4.49%.The business had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the prior year, the firm posted $0.74 EPS. Ball’s quarterly revenue was up 12.8% compared to the same quarter last year. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, equities analysts forecast that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Ball’s dividend payout ratio (DPR) is 41.45%.

Analyst Upgrades and Downgrades

BALL has been the topic of a number of research reports. Loop Capital dropped their price target on Ball from $83.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Mizuho lifted their price target on Ball from $60.00 to $68.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. Barclays reduced their price objective on Ball from $61.00 to $57.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 14th. Royal Bank Of Canada raised their price objective on Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $66.00 target price (down previously from $67.00) on shares of Ball in a research report on Wednesday, July 9th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Ball has a consensus rating of “Hold” and a consensus price target of $65.27.

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.