NFJ Investment Group LLC Has $27.41 Million Position in Ball Corporation $BALL

NFJ Investment Group LLC lowered its holdings in shares of Ball Corporation (NYSE:BALL) by 1.0% during the first quarter, Holdings Channel reports. The institutional investor owned 526,463 shares of the company’s stock after selling 5,186 shares during the quarter. NFJ Investment Group LLC’s holdings in Ball were worth $27,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC acquired a new stake in Ball during the first quarter worth $32,000. Strengthening Families & Communities LLC boosted its stake in Ball by 72.4% during the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock worth $37,000 after buying an additional 297 shares in the last quarter. SVB Wealth LLC acquired a new stake in Ball during the first quarter worth $39,000. Whipplewood Advisors LLC boosted its stake in Ball by 764.9% during the first quarter. Whipplewood Advisors LLC now owns 813 shares of the company’s stock worth $42,000 after buying an additional 719 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in Ball by 40.4% during the first quarter. Federated Hermes Inc. now owns 1,311 shares of the company’s stock worth $68,000 after buying an additional 377 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

BALL has been the topic of a number of recent research reports. Mizuho lifted their price target on shares of Ball from $60.00 to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 15th. Barclays reduced their target price on shares of Ball from $61.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 14th. UBS Group boosted their target price on shares of Ball from $54.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, July 9th. Royal Bank Of Canada boosted their target price on shares of Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Finally, Wells Fargo & Company boosted their target price on shares of Ball from $50.00 to $54.00 and gave the company an “underweight” rating in a research note on Friday, July 18th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $65.27.

Insiders Place Their Bets

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $51.55, for a total transaction of $175,270.00. Following the completion of the sale, the chairman directly owned 10,036 shares of the company’s stock, valued at approximately $517,355.80. The trade was a 25.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.81% of the company’s stock.

Ball Stock Performance

Ball stock opened at $50.42 on Friday. The stock has a market capitalization of $13.72 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 1.14 and a beta of 1.06. 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 stock has a 50-day simple moving average of $55.76 and a 200 day simple moving average of $53.17.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 earnings per share for the quarter, topping 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 return on equity of 16.81% and a net margin of 4.49%.The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.74 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, research analysts anticipate that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued 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 is Tuesday, September 2nd. Ball’s payout ratio is currently 41.45%.

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.