Farther Finance Advisors LLC Purchases 329 Shares of Ball Corporation $BALL

Farther Finance Advisors LLC grew its position in Ball Corporation (NYSE:BALL) by 22.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,803 shares of the company’s stock after acquiring an additional 329 shares during the quarter. Farther Finance Advisors LLC’s holdings in Ball were worth $101,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Evermay Wealth Management LLC lifted its position in shares of 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 acquiring an additional 200 shares during the period. EP Wealth Advisors LLC lifted its position in shares of 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 acquiring an additional 205 shares during the period. GAMMA Investing LLC lifted its position in shares of 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 acquiring an additional 219 shares during the period. Strengthening Families & Communities LLC lifted its position in shares of 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 acquiring an additional 297 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Ball by 26.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,454 shares of the company’s stock worth $82,000 after acquiring an additional 302 shares during the period. Institutional investors own 86.51% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on BALL. Wells Fargo & Company raised their price objective on Ball from $50.00 to $54.00 and gave the stock an “underweight” rating in a research report on Friday, July 18th. Royal Bank Of Canada increased their target price on Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Bank of America reissued a “neutral” rating and issued a $66.00 target price (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Ball in a report on Saturday, September 27th. 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. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Ball presently has an average rating of “Hold” and an average target price of $63.73.

Insider Activity at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of Ball stock in a transaction 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 sale, the chairman directly owned 10,036 shares of the company’s stock, valued at approximately $517,355.80. This trade represents a 25.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.81% of the company’s stock.

Ball Trading Down 0.4%

BALL stock opened at $50.29 on Friday. The business has a fifty day moving average price of $52.22 and a 200 day moving average price of $52.90. Ball Corporation has a fifty-two week low of $43.51 and a fifty-two week high of $67.84. The stock has a market capitalization of $13.69 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 1.14 and a beta of 1.09. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share for the quarter, beating 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 last year, the firm posted $0.74 EPS. The business’s revenue was up 12.8% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Analysts expect that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a $0.20 dividend. This represents a $0.80 annualized dividend 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%.

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.