Ball Corporation $BALL Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. reduced its stake in Ball Corporation (NYSE:BALL) by 77.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,018 shares of the company’s stock after selling 50,895 shares during the period. QRG Capital Management Inc.’s holdings in Ball were worth $757,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in BALL. Rosenberg Matthew Hamilton raised its holdings in Ball by 145.0% during 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 bought a new position in Ball during the 2nd quarter valued at $46,000. SJS Investment Consulting Inc. increased its position in shares of Ball by 4,236.8% during the 3rd quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock valued at $42,000 after purchasing an additional 805 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of Ball in the 2nd quarter worth $47,000. Finally, IFP Advisors Inc raised its stake in shares of 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 buying an additional 580 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $67.00 target price on shares of Ball in a report on Thursday, January 15th. Bank of America raised shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Monday, November 17th. Citigroup upgraded shares of Ball from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $54.00 to $67.00 in a report on Tuesday, January 6th. UBS Group raised their target price on shares of Ball from $55.00 to $58.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ball in a research report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $62.83.

Ball Trading Up 0.8%

Ball stock opened at $55.83 on Thursday. 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. The firm has a market capitalization of $14.96 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 1.09 and a beta of 1.14. The company has a 50 day moving average price of $51.49 and a 200 day moving average price of $51.84.

Ball (NYSE:BALL) last released 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. The company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.32 billion. Ball had a return on equity of 17.89% and a net margin of 5.36%.The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Research analysts forecast that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

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

Ball Company 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.