OVERSEA CHINESE BANKING Corp Ltd Buys New Holdings in Ball Corporation $BALL

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Ball Corporation (NYSE:BALL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,773 shares of the company’s stock, valued at approximately $212,000.

Several other hedge funds have also bought and sold shares of BALL. Mirae Asset Global Investments Co. Ltd. raised its holdings in Ball by 12.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,718 shares of the company’s stock valued at $2,044,000 after acquiring an additional 4,289 shares during the period. EP Wealth Advisors LLC raised its holdings in Ball by 4.9% in the 1st quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock valued at $228,000 after acquiring an additional 205 shares during the period. Nordea Investment Management AB raised 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 acquiring an additional 23,657 shares during the period. Russell Investments Group Ltd. raised its holdings in Ball by 20.7% in the 1st quarter. Russell Investments Group Ltd. now owns 601,522 shares of the company’s stock valued at $31,313,000 after acquiring an additional 103,022 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Ball by 19.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,481 shares of the company’s stock valued at $1,171,000 after acquiring an additional 3,676 shares during the period. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Ball Stock Performance

NYSE BALL opened at $49.13 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 1.14 and a beta of 1.09. The firm’s 50 day simple moving average is $49.99 and its 200 day simple moving average is $52.83. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $64.80.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BALL shares. Royal Bank Of Canada increased their price target on shares of Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Bank of America reissued a “neutral” rating and issued a $66.00 price target (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Raymond James Financial began coverage on shares of Ball in a report on Wednesday, October 15th. They set a “market perform” rating on the stock. UBS Group lowered their target price on shares of Ball from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Finally, Truist Financial lowered their target price on shares of Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, October 13th. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $62.36.

Insider Activity

In related news, Chairman Daniel William Fisher sold 3,400 shares of the stock in a transaction that occurred 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 sale, the chairman owned 10,036 shares in the company, valued at approximately $517,355.80. This trade represents a 25.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.57% of the company’s stock.

Ball Company 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.