Inceptionr LLC Buys 8,231 Shares of Ball Corporation $BALL

Inceptionr LLC lifted its stake in Ball Corporation (NYSE:BALL) by 73.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,446 shares of the company’s stock after buying an additional 8,231 shares during the period. Inceptionr LLC’s holdings in Ball were worth $1,091,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. XTX Topco Ltd grew its position in Ball by 669.1% in the second quarter. XTX Topco Ltd now owns 75,811 shares of the company’s stock valued at $4,252,000 after acquiring an additional 65,954 shares during the period. Aviso Financial Inc. boosted its stake in shares of Ball by 1.8% in the 2nd quarter. Aviso Financial Inc. now owns 744,655 shares of the company’s stock valued at $41,768,000 after purchasing an additional 13,072 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Ball by 1.0% in the 2nd quarter. Prudential Financial Inc. now owns 207,432 shares of the company’s stock worth $11,635,000 after purchasing an additional 1,960 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Ball by 12.8% in the 2nd quarter. American Century Companies Inc. now owns 565,575 shares of the company’s stock worth $31,723,000 after purchasing an additional 63,975 shares during the last quarter. Finally, Mufg Securities Americas Inc. increased its position in shares of Ball by 16.4% during the 2nd quarter. Mufg Securities Americas Inc. now owns 6,148 shares of the company’s stock worth $345,000 after purchasing an additional 866 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Stock Up 0.6%

Shares of BALL opened at $49.66 on Thursday. The business’s fifty day moving average price is $48.53 and its two-hundred day moving average price is $52.54. The firm has a market capitalization of $13.31 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 1.09 and a beta of 1.12. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $63.35. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00.

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

Ball Dividend Announcement

The firm also recently announced 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 is Monday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.6%. Ball’s dividend payout ratio is presently 32.52%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BALL. Royal Bank Of Canada lifted their target price on shares of Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Truist Financial reduced their price objective on Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Bank of America upgraded 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. Mizuho lowered their target price on Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Finally, Wells Fargo & Company reduced their price target on shares of Ball from $54.00 to $48.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 15th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $60.92.

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.