Elo Mutual Pension Insurance Co Sells 12,677 Shares of Ball Corporation $BALL

Elo Mutual Pension Insurance Co cut its position in Ball Corporation (NYSE:BALL) by 46.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 14,635 shares of the company’s stock after selling 12,677 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Ball were worth $821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Rosenberg Matthew Hamilton increased its holdings in Ball by 145.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock worth $29,000 after acquiring an additional 306 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in Ball during the first quarter worth about $32,000. Strengthening Families & Communities LLC increased its stake in shares of Ball by 72.4% in the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock worth $37,000 after purchasing an additional 297 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Ball in the first quarter valued at approximately $39,000. Finally, IFP Advisors Inc raised its position in shares of Ball by 103.2% in the second quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock valued at $68,000 after purchasing an additional 580 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Trading Down 1.6%

Shares of BALL stock opened at $48.84 on Friday. The company has a market capitalization of $13.09 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 1.09 and a beta of 1.12. Ball Corporation has a 52-week low of $43.51 and a 52-week high of $62.96. The business’s fifty day moving average is $48.54 and its 200 day moving average is $52.49. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00.

Ball (NYSE:BALL) last announced its earnings results on Tuesday, November 4th. The company reported $1.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.02. Ball had a return on equity of 16.81% and a net margin of 4.49%.The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the prior year, the company earned $0.91 EPS. The company’s quarterly 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, equities research analysts anticipate that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, December 1st. Ball’s dividend payout ratio (DPR) is currently 32.52%.

Analyst Upgrades and Downgrades

Several research firms recently commented on BALL. Royal Bank Of Canada raised their price objective on shares of Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Truist Financial reduced their price target on Ball from $69.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Bank of America upgraded Ball from a “neutral” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Monday, November 17th. Raymond James Financial began coverage on Ball in a research note on Wednesday, October 15th. They issued a “market perform” rating for the company. Finally, Citigroup decreased their price target on Ball from $60.00 to $53.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Seven 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 presently has a consensus rating of “Hold” and a consensus price target of $60.92.

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.