Ball Corporation $BALL Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Ball Corporation (NYSE:BALL) by 66.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,439 shares of the company’s stock after buying an additional 14,958 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Ball were worth $2,199,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in BALL. JPMorgan Chase & Co. boosted its stake in shares of Ball by 44.2% during the first quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company’s stock worth $416,681,000 after buying an additional 2,453,630 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Ball by 359.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,184,629 shares of the company’s stock worth $60,299,000 after buying an additional 926,728 shares during the period. Nuveen LLC acquired a new stake in shares of Ball during the first quarter worth about $47,606,000. First Manhattan CO. LLC. lifted its position in Ball by 38.2% in the first quarter. First Manhattan CO. LLC. now owns 1,653,305 shares of the company’s stock valued at $86,088,000 after purchasing an additional 457,230 shares during the period. Finally, Deutsche Bank AG lifted its position in Ball by 35.5% in the first quarter. Deutsche Bank AG now owns 1,733,004 shares of the company’s stock valued at $90,238,000 after purchasing an additional 454,155 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Trading Up 2.1%

Shares of Ball stock opened at $49.50 on Monday. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $68.12. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. The stock has a market cap of $13.47 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 1.13 and a beta of 1.06. The company has a 50-day moving average of $53.10 and a two-hundred day moving average of $52.97.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Ball had a net margin of 4.49% and a return on equity of 16.81%. The company had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period last year, the company posted $0.74 earnings per share. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, research analysts anticipate that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Announces Dividend

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

Insider Buying and Selling at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of the firm’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 directly owned 10,036 shares of the company’s stock, valued at $517,355.80. This trade represents a 25.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BALL. Truist Financial raised their price objective on shares of Ball from $62.00 to $69.00 and gave the company a “buy” rating in a research report on Friday, July 11th. UBS Group raised their price objective on shares of Ball from $54.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, July 9th. Mizuho raised their price objective on shares of Ball from $60.00 to $68.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. Citigroup raised their price objective on shares of Ball from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, July 3rd. Finally, Wells Fargo & Company raised their price objective on shares of Ball from $50.00 to $54.00 and gave the company an “underweight” rating in a research report on Friday, July 18th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock 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.