Cwm LLC Sells 28,695 Shares of Ball Corporation $BALL

Cwm LLC trimmed its stake in Ball Corporation (NYSE:BALL) by 48.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,380 shares of the company’s stock after selling 28,695 shares during the period. Cwm LLC’s holdings in Ball were worth $1,532,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BALL. JPMorgan Chase & Co. raised its position in shares of Ball by 2.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,210,060 shares of the company’s stock valued at $460,502,000 after purchasing an additional 207,733 shares during the last quarter. Norges Bank acquired a new stake in shares of Ball during the 2nd quarter valued at about $192,463,000. Mirova US LLC grew its stake in Ball by 4.9% in the 2nd quarter. Mirova US LLC now owns 2,669,081 shares of the company’s stock valued at $149,709,000 after acquiring an additional 124,814 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Ball by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,209,209 shares of the company’s stock valued at $115,034,000 after acquiring an additional 61,498 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Ball by 7.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,111,813 shares of the company’s stock valued at $118,452,000 after acquiring an additional 152,441 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

BALL has been the topic of several recent analyst reports. Raymond James Financial started coverage on Ball in a research note on Wednesday, October 15th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. dropped their target price on Ball from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Citigroup reduced their price target on shares of Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. Truist Financial reduced their price target on shares of Ball from $69.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Finally, Bank of America raised Ball from a “neutral” rating to a “buy” rating and set a $61.00 price target for the company in a report on Monday, November 17th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $60.92.

Ball Stock Performance

NYSE:BALL opened at $53.35 on Monday. Ball Corporation has a twelve month low of $43.51 and a twelve month high of $60.28. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 1.26. The firm has a 50-day moving average price of $49.56 and a two-hundred day moving average price of $51.97. The company has a market capitalization of $14.30 billion, a P/E ratio of 21.69, a price-to-earnings-growth ratio of 1.01 and a beta of 1.14.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, November 4th. The company reported $1.02 earnings per share for the quarter, hitting the consensus estimate 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 last year, the business posted $0.91 earnings per share. Ball’s revenue was up 9.6% compared to the same quarter last year. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, research analysts expect that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.5%. Ball’s payout ratio is currently 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.