Schroder Investment Management Group Has $60.28 Million Stake in Ball Corporation $BALL

Schroder Investment Management Group reduced its position in Ball Corporation (NYSE:BALL) by 20.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,074,760 shares of the company’s stock after selling 278,890 shares during the quarter. Schroder Investment Management Group owned approximately 0.39% of Ball worth $60,283,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank bought a new position in shares of Ball during the 2nd quarter worth about $192,463,000. JPMorgan Chase & Co. increased its stake in Ball by 44.2% in the first quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company’s stock valued at $416,681,000 after acquiring an additional 2,453,630 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Ball by 548.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,816,827 shares of the company’s stock valued at $101,906,000 after acquiring an additional 1,536,751 shares during the period. Nuveen LLC acquired a new position in Ball in the first quarter worth about $47,606,000. Finally, ABN Amro Investment Solutions bought a new position in Ball during the second quarter worth about $43,732,000. Institutional investors own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BALL. Royal Bank Of Canada upped their price objective on Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Bank of America raised Ball from a “neutral” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Monday, November 17th. JPMorgan Chase & Co. lowered their price target on Ball from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Truist Financial dropped their price objective on Ball from $69.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Finally, Raymond James Financial assumed coverage on Ball in a report on Wednesday, October 15th. They set a “market perform” rating for the company. Seven equities 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $60.92.

Ball Stock Down 1.6%

Shares of BALL opened at $48.84 on Monday. The company has a market capitalization of $13.09 billion, a P/E ratio of 25.31, a PEG ratio of 1.09 and a beta of 1.12. Ball Corporation has a one year low of $43.51 and a one year high of $62.96. The business’s 50 day simple moving average is $48.54 and its 200-day simple moving average is $52.49. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $1.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.02. The firm 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%.The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, sell-side analysts predict that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

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

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.