Securian Asset Management Inc. Sells 1,220 Shares of Ball Corporation $BALL

Securian Asset Management Inc. cut its stake in Ball Corporation (NYSE:BALL) by 7.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,503 shares of the company’s stock after selling 1,220 shares during the period. Securian Asset Management Inc.’s holdings in Ball were worth $813,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new position in Ball in the second quarter valued at about $4,605,000. Stratos Wealth Partners LTD. bought a new position in Ball in the 2nd quarter valued at about $243,000. Nordea Investment Management AB increased its holdings in Ball by 48.3% in the 2nd quarter. Nordea Investment Management AB now owns 72,657 shares of the company’s stock valued at $4,074,000 after buying an additional 23,657 shares during the period. Praxis Investment Management Inc. raised its position in shares of Ball by 1.2% in the 2nd quarter. Praxis Investment Management Inc. now owns 15,340 shares of the company’s stock valued at $860,000 after buying an additional 180 shares in the last quarter. Finally, WCM Investment Management LLC lifted its holdings in shares of Ball by 11.7% during the 2nd quarter. WCM Investment Management LLC now owns 4,857 shares of the company’s stock worth $274,000 after acquiring an additional 508 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

Ball Stock Up 0.4%

Shares of NYSE BALL opened at $49.88 on Friday. The company has a 50 day simple moving average of $50.13 and a 200 day simple moving average of $52.69. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $65.06. The firm has a market cap of $13.57 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 1.14 and a beta of 1.09.

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

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Ball’s dividend payout ratio (DPR) is currently 41.45%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Truist Financial lowered their price objective on shares of Ball from $69.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of Ball in a research report on Friday. Royal Bank Of Canada lifted their target price on Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. UBS Group lowered their price objective on shares of Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Finally, Mizuho dropped their price objective on shares of Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $62.36.

Insider Buying and Selling

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $51.55, for a total value of $175,270.00. Following the sale, the chairman owned 10,036 shares in the company, valued at approximately $517,355.80. The trade was a 25.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.81% of the company’s stock.

About Ball

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.