Ball Corporation $BALL Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Ball Corporation (NYSE:BALL) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 263,456 shares of the company’s stock after purchasing an additional 9,011 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of Ball worth $13,283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in BALL. Rosenberg Matthew Hamilton raised its stake in Ball by 145.0% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock valued at $29,000 after purchasing an additional 306 shares during the period. MUFG Securities EMEA plc purchased a new position in shares of Ball during the second quarter valued at $46,000. SJS Investment Consulting Inc. raised its position in Ball by 4,236.8% during the third quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock valued at $42,000 after buying an additional 805 shares during the period. CYBER HORNET ETFs LLC acquired a new position in Ball during the second quarter valued at $47,000. Finally, IFP Advisors Inc lifted its stake in Ball by 103.2% in the 2nd quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock worth $68,000 after acquiring an additional 580 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BALL shares. Bank of America raised Ball from a “neutral” rating to a “buy” rating and set a $61.00 price target for the company in a research note on Monday, November 17th. JPMorgan Chase & Co. cut their price objective on shares of Ball from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Wells Fargo & Company upgraded shares of Ball from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $48.00 to $60.00 in a research note on Tuesday, January 6th. Truist Financial lifted their target price on shares of Ball from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Finally, Citigroup upgraded shares of Ball from a “neutral” rating to a “buy” rating and upped their price target for the company from $54.00 to $67.00 in a report on Tuesday, January 6th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $62.83.

Ball Trading Up 1.9%

Shares of BALL stock opened at $57.38 on Friday. The firm has a fifty day moving average of $51.86 and a 200-day moving average of $51.86. The stock has a market cap of $15.38 billion, a price-to-earnings ratio of 23.33, a P/E/G ratio of 1.11 and a beta of 1.14. Ball Corporation has a 52-week low of $43.51 and a 52-week high of $60.28. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.72 and a current ratio of 1.11.

Ball (NYSE:BALL) last posted its earnings results on Tuesday, November 4th. The company reported $1.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.02. Ball had a net margin of 5.36% and a return on equity of 17.89%. The business had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The firm’s revenue for the quarter 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 business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.4%. Ball’s dividend payout ratio is presently 32.52%.

Ball Profile

Ball Corporation is a leading provider of sustainable aluminum packaging solutions and advanced aerospace technologies. Headquartered in Broomfield, Colorado, the company serves customers in the beverage, food and aerosol markets through a global network of manufacturing facilities. With an emphasis on sustainability and innovation, Ball designs and produces metal cans, bottles and ends that support recycling and reduce environmental impact.

The company’s packaging segment specializes in beverage cans for soft drinks, beer and energy drinks, as well as metal packaging for food and personal care applications.