Invesco Ltd. Lowers Stock Holdings in Ball Corporation $BALL

Invesco Ltd. reduced its stake in Ball Corporation by 7.3% in Q2, now holding 4,049,211 shares worth $227.12 million. Analysts have mixed ratings on Ball, with a consensus "Hold" rating and an average price target of $60.92. Ball's stock opened at $49.06, with a market cap of $13.15 billion. The company reported Q3 earnings of $1.02 per share, meeting expectations, and announced a quarterly dividend of $0.20 per share.

Invesco Ltd. reduced its position in Ball Corporation (NYSE:BALL - Free Report) by 7.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,049,211 shares of the company's stock after selling 321,063 shares during the quarter. Invesco Ltd. owned 1.49% of Ball worth $227,120,000 at the end of the most recent quarter.

Berry Global, The Backbone Of Consumer Packaging You Should Own

A number of other large investors also recently modified their holdings of BALL. Rosenberg Matthew Hamilton boosted its stake 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 buying an additional 306 shares in the last quarter. Strengthening Families & Communities LLC lifted its holdings in shares of Ball by 72.4% in the 1st quarter. Strengthening Families & Communities LLC now owns 707 shares of the company's stock worth $37,000 after acquiring an additional 297 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Ball in the 1st quarter worth approximately $39,000. Federated Hermes Inc. boosted its stake in shares of Ball by 40.4% in the 1st quarter. Federated Hermes Inc. now owns 1,311 shares of the company's stock valued at $68,000 after purchasing an additional 377 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Ball by 103.2% during the 2nd quarter. IFP Advisors Inc now owns 1,142 shares of the company's stock valued at $68,000 after purchasing an additional 580 shares during the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BALL. Weiss Ratings reissued a "hold (c)" rating on shares of Ball in a research note on Wednesday, October 8th. Citigroup lowered their target price on Ball from $60.00 to $53.00 and set a "neutral" rating for the company in a research note on Monday, September 29th. Truist Financial dropped their target price on Ball from $69.00 to $65.00 and set a "buy" rating for the company in a report on Monday, October 13th. Mizuho decreased their price target on Ball from $68.00 to $61.00 and set an "outperform" rating on the stock in a research note on Friday, October 3rd. Finally, Bank of America upgraded Ball from a "neutral" rating to a "buy" rating and set a $61.00 price objective for the company in a research report on Monday, November 17th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Ball currently has an average rating of "Hold" and an average price target of $60.92.

View Our Latest Report on Ball

Ball Trading Up 0.4%

NYSE BALL opened at $49.06 on Monday. The stock has a market cap of $13.15 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 1.05 and a beta of 1.13. Ball Corporation has a fifty-two week low of $43.51 and a fifty-two week high of $60.28. The stock has a 50 day simple moving average of $48.55 and a two-hundred day simple moving average of $52.31. 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 - Get Free Report) last announced its earnings results on Tuesday, November 4th. The company reported $1.02 EPS for the quarter, meeting analysts' consensus estimates of $1.02. Ball had a return on equity of 17.89% and a net margin of 5.36%.The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the company earned $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, analysts forecast that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.20 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.80 annualized dividend and a yield of 1.6%. Ball's dividend payout ratio is 32.52%.

About Ball

(Free Report)

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.

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