Stratos Wealth Partners LTD. Acquires Shares of 4,331 Ball Corporation $BALL

Stratos Wealth Partners LTD. acquired a new stake in Ball Corporation (NYSE:BALL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,331 shares of the company’s stock, valued at approximately $243,000.

Several other large investors also recently bought and sold shares of the stock. Praxis Investment Management Inc. boosted its stake in Ball by 1.2% in the second quarter. Praxis Investment Management Inc. now owns 15,340 shares of the company’s stock valued at $860,000 after acquiring an additional 180 shares in the last quarter. Evermay Wealth Management LLC raised its holdings in shares of Ball by 11.5% in the first quarter. Evermay Wealth Management LLC now owns 1,943 shares of the company’s stock valued at $101,000 after buying an additional 200 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in shares of Ball by 4.9% in the first quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock valued at $228,000 after buying an additional 205 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Ball by 6.0% in the first quarter. GAMMA Investing LLC now owns 3,852 shares of the company’s stock valued at $201,000 after buying an additional 219 shares during the last quarter. Finally, Strengthening Families & Communities LLC raised its holdings in shares of Ball by 72.4% in the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock valued at $37,000 after buying an additional 297 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Insider Transactions at Ball

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the stock in a transaction dated Thursday, August 28th. The shares were 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 approximately $517,355.80. This trade represents a 25.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.81% of the company’s stock.

Ball Trading Up 0.4%

Shares of Ball stock opened at $49.88 on Friday. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $65.06. 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 $13.57 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 1.14 and a beta of 1.09. The company has a 50-day moving average of $50.13 and a two-hundred day moving average of $52.74.

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 Dividend Announcement

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

Analysts Set New Price Targets

BALL has been the subject of a number of research reports. Raymond James Financial initiated coverage on shares of Ball in a report on Wednesday, October 15th. They issued a “market perform” rating for the company. Citigroup reduced their target price on shares of Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, September 29th. UBS Group reduced their target price on shares of Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Mizuho reduced their target price on shares of Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Finally, Wells Fargo & Company reduced their target price on shares of Ball from $54.00 to $48.00 and set an “underweight” rating for the company in a report on Wednesday, October 15th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $62.36.

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.