Mn Services Vermogensbeheer BV sells 3,600 shares of Ball Co. (NYSE:BALL)

VaselineAugust 28, 2024

0 4 minutes read

Mn Services Vermogensbeheer BV reduced its holdings in Ball Co. (NYSE:BALL – Free Report) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 123,800 shares of the company’s stock after selling 3,600 shares during the quarter. Mn Services Vermogensbeheer BV’s holdings in Ball were worth $7,430,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Merchants Corp raised its stake in Ball by 13.1% in the second quarter. First Merchants Corp now owns 47,330 shares of the company’s stock worth $2,841,000 after acquiring an additional 5,481 shares during the last quarter. Everhart Financial Group Inc. raised its stake in Ball by 29.2% in the second quarter. Everhart Financial Group Inc. now owns 3,850 shares of the company’s stock worth $231,000 after buying an additional 869 shares in the last quarter. JB Capital LLC boosted its holdings in Ball by 9.9% during the 2nd quarter. JB Capital LLC now owns 47,193 shares of the company’s stock worth $2,833,000 after acquiring an additional 4,243 shares during the period. Fifth Third Bancorp grew its position in Ball by 2.0% in the 2nd quarter. Fifth Third Bancorp now owns 8,743 shares of the company’s stock valued at $525,000 after purchasing an additional 174 shares in the last quarter. Finally, Western Wealth Management LLC boosted its holdings in shares of Ball by 4.9% in the second quarter. Western Wealth Management LLC now owns 5,351 shares of the company’s stock worth $321,000 after buying an additional 251 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s shares.

Ball stock performance

BALL opened at $64.56 on Monday. The company has a market cap of $20.04 billion, a P/E ratio of 4.86, a price-to-earnings-growth ratio of 1.78 and a beta of 0.85. The company has a quick ratio of 0.93, a current ratio of 1.18, and a debt-to-equity ratio of 0.79. The company’s 50-day moving average price is $62.02 and its 200-day moving average price is $64.76. Ball Co. it has a 52-week low of $42.81 and a 52-week high of $71.32.

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Ball (NYSE:BALL – Get Your Free Report ) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.10 billion. Ball had a net margin of 32.79% and a return on equity of 19.45%. Ball’s revenue for the quarter was down 3.5% compared to the same quarter last year. In the same quarter last year, the business posted EPS of $0.61. As a group, equities analysts anticipate that Ball Co. will post 3.09 EPS for the current fiscal year.

Ball Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 3rd. This represents a dividend of $0.80 on an annualized basis and a yield of 1.24%. Ball’s dividend payout ratio is currently 6.02%.

Analysts set new price targets

Several equities analysts have recently commented on BALL shares. Wells Fargo & Company cut their price target on Ball from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 17th. Royal Bank of Canada cut their price target on shares of Ball from $80.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Mizuho upped their target price on shares of Ball from $63.00 to $69.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Baird RW upgraded shares of Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Ball from $59.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $69.08, according to MarketBeat.com.

Check out the latest stock analysis on BALL

About Ball

(Free report)

Ball Corporation supplies aluminum packaging products to the beverage, personal care and household products industries in the United States, Brazil and internationally. The company manufactures and sells aluminum beverage containers for filling carbonated soft drinks, beer, energy drinks and other beverages.