EP Wealth Advisors LLC Buys 205 Shares of Ball Corporation $BALL

EP Wealth Advisors LLC boosted its stake in Ball Corporation (NYSE:BALL) by 4.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,371 shares of the company’s stock after purchasing an additional 205 shares during the quarter. EP Wealth Advisors LLC’s holdings in Ball were worth $228,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Ball by 12.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,718 shares of the company’s stock worth $2,044,000 after buying an additional 4,289 shares in the last quarter. Asset Management One Co. Ltd. increased its position in Ball by 5.0% in the first quarter. Asset Management One Co. Ltd. now owns 122,483 shares of the company’s stock worth $6,378,000 after purchasing an additional 5,841 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Ball by 20.7% during the first quarter. Russell Investments Group Ltd. now owns 601,522 shares of the company’s stock valued at $31,313,000 after purchasing an additional 103,022 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Ball by 12.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 55,997 shares of the company’s stock valued at $2,916,000 after purchasing an additional 6,106 shares during the last quarter. Finally, PFG Investments LLC purchased a new position in shares of Ball in the 1st quarter worth $307,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Insider Activity

In related news, Chairman Daniel William Fisher sold 3,400 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $51.55, for a total transaction of $175,270.00. Following the completion of the transaction, the chairman owned 10,036 shares in the company, valued at $517,355.80. The trade was a 25.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.57% of the stock is currently owned by insiders.

Ball Stock Down 1.1%

Ball stock opened at $50.42 on Wednesday. Ball Corporation has a twelve month low of $43.51 and a twelve month high of $68.12. The business has a fifty day moving average of $55.40 and a two-hundred day moving average of $53.20. The firm has a market cap of $13.72 billion, a P/E ratio of 26.12, a P/E/G ratio of 1.16 and a beta of 1.06. The company has a quick ratio of 0.67, a current ratio of 1.00 and a debt-to-equity ratio of 1.23.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. Ball had a return on equity of 16.81% and a net margin of 4.49%.The firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the prior year, the business posted $0.74 EPS. The firm’s quarterly revenue was up 12.8% 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 fiscal year.

Ball Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 2nd. Ball’s dividend payout ratio (DPR) is currently 41.45%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Barclays decreased their target price on shares of Ball from $61.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 14th. UBS Group upped their price objective on Ball from $54.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, July 9th. Truist Financial lifted their price target on shares of Ball from $62.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Wells Fargo & Company boosted their price objective on Ball from $50.00 to $54.00 and gave the company an “underweight” rating in a report on Friday, July 18th. Finally, Bank of America restated a “neutral” rating and issued a $66.00 target price (down from $67.00) on shares of Ball in a research note on Wednesday, July 9th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $65.27.

Ball Profile

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.