Ballentine Partners LLC Takes $347,000 Position in Ball Corporation $BALL

Ballentine Partners LLC purchased a new stake in shares of Ball Corporation (NYSE:BALL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,190 shares of the company’s stock, valued at approximately $347,000.

A number of other institutional investors and hedge funds have also modified their holdings of BALL. Evermay Wealth Management LLC boosted its position in Ball by 11.5% during the first quarter. Evermay Wealth Management LLC now owns 1,943 shares of the company’s stock valued at $101,000 after purchasing an additional 200 shares during the last quarter. EP Wealth Advisors LLC boosted its position in Ball by 4.9% during the first quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock valued at $228,000 after purchasing an additional 205 shares during the last quarter. GAMMA Investing LLC boosted its position in Ball by 6.0% during the first quarter. GAMMA Investing LLC now owns 3,852 shares of the company’s stock valued at $201,000 after purchasing an additional 219 shares during the last quarter. Strengthening Families & Communities LLC boosted its position in Ball by 72.4% during the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock valued at $37,000 after purchasing an additional 297 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Ball by 26.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,454 shares of the company’s stock valued at $82,000 after purchasing an additional 302 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Insider Transactions at Ball

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

Ball Trading Up 2.1%

Ball stock opened at $49.50 on Monday. 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’s 50-day simple moving average is $53.10 and its 200-day simple moving average is $52.97. The firm has a market capitalization of $13.47 billion, a PE ratio of 25.65, a PEG ratio of 1.13 and a beta of 1.06. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $68.12.

Ball (NYSE:BALL) last posted 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. The business had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.10 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%.The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Equities research analysts forecast that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently issued reports on BALL shares. Bank of America reissued a “neutral” rating and set a $66.00 price objective (down previously from $67.00) on shares of Ball in a research report on Wednesday, July 9th. Citigroup boosted their price target on Ball from $55.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, July 3rd. Royal Bank Of Canada boosted their price target on Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Wells Fargo & Company boosted their price target on Ball from $50.00 to $54.00 and gave the stock an “underweight” rating in a research report on Friday, July 18th. Finally, Mizuho boosted their price target on Ball from $60.00 to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Ball has a consensus rating of “Hold” and an average price target of $65.27.

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.