Generali Asset Management SPA SGR Takes $1.28 Million Position in Ball Corporation $BALL

Generali Asset Management SPA SGR acquired a new position in shares of Ball Corporation (NYSE:BALL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 25,365 shares of the company’s stock, valued at approximately $1,279,000.

Other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC lifted its stake in Ball by 17.6% during the third quarter. True Wealth Design LLC now owns 1,438 shares of the company’s stock worth $73,000 after purchasing an additional 215 shares during the last quarter. Mather Group LLC. purchased a new position in shares of Ball during the 3rd quarter valued at about $103,000. Ethic Inc. lifted its position in Ball by 1.5% in the 3rd quarter. Ethic Inc. now owns 34,946 shares of the company’s stock worth $1,762,000 after buying an additional 531 shares during the last quarter. Deprince Race & Zollo Inc. boosted its stake in Ball by 15.2% in the third quarter. Deprince Race & Zollo Inc. now owns 385,080 shares of the company’s stock worth $19,416,000 after buying an additional 50,910 shares in the last quarter. Finally, 180 Wealth Advisors LLC grew its position in Ball by 5.8% during the third quarter. 180 Wealth Advisors LLC now owns 39,975 shares of the company’s stock valued at $2,016,000 after acquiring an additional 2,190 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on BALL shares. Raymond James Financial assumed coverage on shares of Ball in a research note on Wednesday, October 15th. They set a “market perform” rating on the stock. Wells Fargo & Company lowered their price target on shares of Ball from $54.00 to $48.00 and set an “underweight” rating for the company in a research note on Wednesday, October 15th. Truist Financial cut 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. UBS Group decreased their price objective on Ball from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Finally, Citigroup dropped their target price on Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Seven 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 company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $60.92.

Ball Stock Performance

Shares of NYSE:BALL opened at $53.35 on Monday. 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 company has a 50-day moving average price of $49.56 and a 200-day moving average price of $51.97. The company has a market cap of $14.30 billion, a price-to-earnings ratio of 21.69, a price-to-earnings-growth ratio of 1.01 and a beta of 1.14. Ball Corporation has a 12 month low of $43.51 and a 12 month high of $60.28.

Ball (NYSE:BALL) last posted its earnings results on Tuesday, November 4th. The company reported $1.02 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period last year, the firm earned $0.91 earnings per share. Ball’s quarterly revenue was up 9.6% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, equities analysts anticipate that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.5%. Ball’s payout ratio is 32.52%.

Ball 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.