Bank of New York Mellon Corp Purchases 29,586 Shares of Ball Corporation $BALL

Bank of New York Mellon Corp boosted its holdings in shares of Ball Corporation (NYSE:BALL) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,141,399 shares of the company’s stock after acquiring an additional 29,586 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.79% of Ball worth $107,969,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BALL. Rosenberg Matthew Hamilton boosted its holdings in Ball by 145.0% in the second quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock worth $29,000 after purchasing an additional 306 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Ball during the 2nd quarter valued at about $46,000. SJS Investment Consulting Inc. raised its stake in shares of Ball by 4,236.8% in the 3rd quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock valued at $42,000 after acquiring an additional 805 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Ball in the 2nd quarter worth approximately $47,000. Finally, IFP Advisors Inc boosted its position in Ball by 103.2% during the second quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock worth $68,000 after purchasing an additional 580 shares during the period. 86.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on BALL. Morgan Stanley set a $63.00 target price on shares of Ball and gave the stock an “equal weight” rating in a report on Thursday, January 8th. UBS Group lifted their price objective on Ball from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Bank of America raised Ball from a “neutral” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Monday, November 17th. Truist Financial raised their target price on Ball from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ball in a report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $62.83.

Ball Price Performance

NYSE:BALL opened at $56.77 on Monday. Ball Corporation has a 12 month low of $43.51 and a 12 month high of $60.28. The company’s 50-day moving average price is $52.72 and its two-hundred day moving average price is $51.72. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 1.26. The firm has a market cap of $15.21 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 1.12 and a beta of 1.13.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, November 4th. The company reported $1.02 EPS for the quarter, hitting analysts’ consensus estimates of $1.02. Ball had a return on equity of 17.89% and a net margin of 5.36%.The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the prior year, the company earned $0.91 EPS. Ball’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 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, March 16th. Investors of record on Monday, March 2nd will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.80 annualized dividend and a yield of 1.4%. Ball’s dividend payout ratio is 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.