Ball Corporation $BALL Shares Sold by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC cut its stake in Ball Corporation (NYSE:BALL) by 26.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 570,060 shares of the company’s stock after selling 200,000 shares during the period. Mizuho Markets Americas LLC’s holdings in Ball were worth $28,742,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BALL. Allstate Corp bought a new stake in shares of Ball in the 3rd quarter worth about $461,000. ASR Vermogensbeheer N.V. grew its stake in Ball by 652.7% in the third quarter. ASR Vermogensbeheer N.V. now owns 303,600 shares of the company’s stock worth $15,308,000 after purchasing an additional 263,263 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Ball in the third quarter valued at about $2,682,000. Versant Capital Management Inc raised its stake in Ball by 126.4% during the third quarter. Versant Capital Management Inc now owns 1,508 shares of the company’s stock valued at $76,000 after buying an additional 842 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Ball by 5.3% during the 3rd quarter. Nordea Investment Management AB now owns 76,495 shares of the company’s stock worth $3,787,000 after buying an additional 3,838 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BALL has been the topic of several research reports. Wells Fargo & Company raised Ball from an “underweight” rating to an “overweight” rating and upped their price target for the company from $48.00 to $60.00 in a research report on Tuesday, January 6th. Bank of America upgraded shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Monday, November 17th. Citigroup upgraded shares of Ball from a “neutral” rating to a “buy” rating and raised their price target for the stock from $54.00 to $67.00 in a research report on Tuesday, January 6th. Truist Financial lifted their price target on shares of Ball from $65.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Finally, Raymond James Financial initiated coverage on shares of Ball in a research note on Wednesday, October 15th. They set a “market perform” rating on the stock. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $62.83.

Ball Stock Up 0.4%

Ball stock opened at $56.11 on Monday. 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 Corporation has a one year low of $43.51 and a one year high of $60.28. The company has a 50-day simple moving average of $50.95 and a 200-day simple moving average of $51.85. The firm has a market capitalization of $15.04 billion, a P/E ratio of 22.81, a P/E/G ratio of 1.10 and a beta of 1.14.

Ball (NYSE:BALL) last posted 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 net margin of 5.36% and a return on equity of 17.89%. The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the business posted $0.91 EPS. Ball’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. As a group, equities analysts expect that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, December 1st. Ball’s dividend payout ratio (DPR) is currently 32.52%.

About Ball

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.