Ball Corporation $BALL Shares Purchased by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB grew its stake in shares of Ball Corporation (NYSE:BALL) by 26.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,454 shares of the company’s stock after acquiring an additional 302 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Ball were worth $82,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Evermay Wealth Management LLC increased its holdings in Ball by 11.5% in the 1st quarter. Evermay Wealth Management LLC now owns 1,943 shares of the company’s stock worth $101,000 after buying an additional 200 shares during the period. EP Wealth Advisors LLC increased its holdings in Ball by 4.9% in the 1st quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock worth $228,000 after buying an additional 205 shares during the period. GAMMA Investing LLC increased its holdings in Ball by 6.0% in the 1st quarter. GAMMA Investing LLC now owns 3,852 shares of the company’s stock worth $201,000 after buying an additional 219 shares during the period. Strengthening Families & Communities LLC increased its holdings in Ball by 72.4% in the 1st quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock worth $37,000 after buying an additional 297 shares during the period. Finally, Exchange Traded Concepts LLC increased its holdings in Ball by 11.7% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,938 shares of the company’s stock worth $153,000 after buying an additional 307 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Performance

Shares of Ball stock opened at $48.70 on Friday. Ball Corporation has a one year low of $43.51 and a one year high of $68.12. The company has a market cap of $13.25 billion, a PE ratio of 25.23, a P/E/G ratio of 1.11 and a beta of 1.06. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00. The business has a 50-day simple moving average of $54.03 and a 200-day simple moving average of $53.10.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 EPS 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 business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the company posted $0.74 earnings per share. The business’s revenue for the quarter 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, equities research analysts forecast that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Ball’s dividend payout ratio is 41.45%.

Analysts Set New Price Targets

Several brokerages recently weighed in on BALL. Mizuho increased their price target on shares of Ball from $60.00 to $68.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Bank of America reaffirmed a “neutral” rating and set a $66.00 price objective (down previously from $67.00) on shares of Ball in a research note on Wednesday, July 9th. Wells Fargo & Company raised their price objective on shares of Ball from $50.00 to $54.00 and gave the stock an “underweight” rating in a research note on Friday, July 18th. UBS Group raised their price objective on shares of Ball from $54.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 9th. Finally, Truist Financial raised their price objective 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. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $65.27.

Insider Transactions at Ball

In related news, Chairman Daniel William Fisher sold 3,400 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $51.55, for a total value of $175,270.00. Following the completion of the transaction, the chairman directly owned 10,036 shares of the company’s stock, valued at $517,355.80. This represents a 25.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is owned by company insiders.

About Ball

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.