Ball Corporation $BALL Shares Sold by Huntington National Bank

Huntington National Bank lessened its holdings in Ball Corporation (NYSE:BALL) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,934 shares of the company’s stock after selling 1,868 shares during the quarter. Huntington National Bank’s holdings in Ball were worth $4,035,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in Ball by 7.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,111,813 shares of the company’s stock worth $118,452,000 after buying an additional 152,441 shares during the period. Machina Capital S.A.S. acquired a new position in Ball in the 2nd quarter worth approximately $731,000. iA Global Asset Management Inc. acquired a new position in Ball in the 2nd quarter worth approximately $531,000. Assetmark Inc. increased its holdings in Ball by 5.4% in the 2nd quarter. Assetmark Inc. now owns 81,334 shares of the company’s stock worth $4,562,000 after buying an additional 4,202 shares during the period. Finally, Keybank National Association OH increased its holdings in Ball by 0.6% in the 2nd quarter. Keybank National Association OH now owns 73,382 shares of the company’s stock worth $4,116,000 after buying an additional 459 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Trading Up 1.3%

Shares of NYSE:BALL opened at $47.70 on Wednesday. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $63.35. The firm has a market capitalization of $12.98 billion, a price-to-earnings ratio of 24.72, a price-to-earnings-growth ratio of 1.09 and a beta of 1.12. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67. The business’s 50 day moving average price is $49.42 and its 200-day moving average price is $52.85.

Ball (NYSE:BALL) last announced its earnings results on Tuesday, November 4th. The company reported $1.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.02. Ball had a return on equity of 16.81% and a net margin of 4.49%.The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the firm posted $0.91 EPS. The business’s revenue was up 9.6% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, equities research analysts forecast that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a dividend of $0.20 per share. The ex-dividend date is Monday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. Ball’s dividend payout ratio (DPR) is 41.45%.

Analysts Set New Price Targets

A number of brokerages have recently commented on BALL. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ball in a research note on Wednesday, October 8th. 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 research note on Thursday, August 7th. Bank of America reaffirmed a “neutral” rating and set a $66.00 price objective (down previously from $67.00) on shares of Ball in a research note on Wednesday, July 9th. Mizuho dropped their price objective on shares of Ball from $68.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Finally, Truist Financial dropped their price objective on shares of Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $62.36.

Insider Activity

In other news, Chairman Daniel William Fisher sold 3,400 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $51.55, for a total transaction of $175,270.00. Following the transaction, the chairman owned 10,036 shares in the company, valued at $517,355.80. This trade represents a 25.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.57% of the stock is owned by company insiders.

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.