Trillium Asset Management LLC Trims Stock Holdings in Ball Corporation $BALL

Trillium Asset Management LLC lowered its position in Ball Corporation (NYSE:BALL) by 72.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,779 shares of the company’s stock after selling 9,701 shares during the quarter. Trillium Asset Management LLC’s holdings in Ball were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BALL. Brighton Jones LLC grew its position in Ball by 41.2% in the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock valued at $289,000 after buying an additional 1,531 shares during the last quarter. D.A. Davidson & CO. raised its holdings in Ball by 48.2% during the first quarter. D.A. Davidson & CO. now owns 12,449 shares of the company’s stock worth $648,000 after purchasing an additional 4,047 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in Ball by 1.7% in the first quarter. Crossmark Global Holdings Inc. now owns 21,710 shares of the company’s stock valued at $1,130,000 after purchasing an additional 357 shares during the period. Valeo Financial Advisors LLC lifted its position in Ball by 8.0% in the first quarter. Valeo Financial Advisors LLC now owns 7,649 shares of the company’s stock valued at $398,000 after purchasing an additional 567 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Ball by 359.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,184,629 shares of the company’s stock valued at $60,299,000 after purchasing an additional 926,728 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

Ball stock opened at $48.88 on Thursday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00. The stock has a fifty day moving average of $49.35 and a two-hundred day moving average of $52.82. The company has a market capitalization of $13.30 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 1.09 and a beta of 1.12. Ball Corporation has a fifty-two week low of $43.51 and a fifty-two week high of $63.35.

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

Ball Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.80 annualized dividend and a yield of 1.6%. Ball’s dividend payout ratio (DPR) is presently 41.45%.

Analyst Ratings Changes

BALL has been the subject of a number of analyst reports. UBS Group cut their target price on Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Wells Fargo & Company decreased their price target on Ball from $54.00 to $48.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 15th. Weiss Ratings restated a “hold (c)” rating on shares of Ball in a research note on Wednesday, October 8th. Citigroup decreased their price target on Ball from $60.00 to $53.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Finally, Truist Financial decreased their price target on Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $61.33.

Insiders Place Their Bets

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the firm’s stock in a transaction 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 completion of the transaction, the chairman owned 10,036 shares of the company’s stock, valued at approximately $517,355.80. This trade represents a 25.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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.