HB Wealth Management LLC Lowers Holdings in Ball Corporation $BALL

HB Wealth Management LLC lessened its stake in Ball Corporation (NYSE:BALL) by 16.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,216 shares of the company’s stock after selling 2,049 shares during the quarter. HB Wealth Management LLC’s holdings in Ball were worth $573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of BALL. Mirae Asset Global Investments Co. Ltd. increased its holdings in Ball by 12.1% in the 1st 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. 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 in the last quarter. Asset Management One Co. Ltd. increased its holdings in Ball by 5.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 122,483 shares of the company’s stock worth $6,378,000 after buying an additional 5,841 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Ball by 20.7% in the 1st quarter. Russell Investments Group Ltd. now owns 601,522 shares of the company’s stock worth $31,313,000 after buying an additional 103,022 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Ball by 12.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 55,997 shares of the company’s stock worth $2,916,000 after buying an additional 6,106 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Stock Down 0.4%

BALL stock opened at $50.29 on Friday. Ball Corporation has a twelve month low of $43.51 and a twelve month high of $67.84. The company has a quick ratio of 0.67, a current ratio of 1.00 and a debt-to-equity ratio of 1.23. The stock has a market cap of $13.69 billion, a P/E ratio of 26.05, a PEG ratio of 1.14 and a beta of 1.09. The business’s 50-day moving average price is $52.22 and its 200-day moving average price is $52.90.

Ball (NYSE:BALL) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the firm earned $0.74 EPS. The business’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, equities research analysts forecast that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given 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 payout ratio is presently 41.45%.

Insider Buying and Selling at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of Ball 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 of the company’s stock, valued at $517,355.80. The trade was a 25.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.81% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank Of Canada lifted their price objective on Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Mizuho reduced their price objective on Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a report on Friday. Citigroup reduced their price objective on Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Truist Financial lifted their price objective on Ball from $62.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Finally, UBS Group boosted their price target on Ball from $54.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, July 9th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $63.73.

Ball Company 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.