Allworth Financial LP Raises Holdings in Ball Corporation $BALL

Allworth Financial LP increased its position in Ball Corporation (NYSE:BALL) by 431.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,061 shares of the company’s stock after buying an additional 17,096 shares during the period. Allworth Financial LP’s holdings in Ball were worth $1,181,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BALL. Rosenberg Matthew Hamilton increased its stake in Ball by 145.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock worth $29,000 after acquiring an additional 306 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Ball in the first quarter valued at $32,000. Strengthening Families & Communities LLC increased its position in Ball by 72.4% in the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock worth $37,000 after purchasing an additional 297 shares during the last quarter. SVB Wealth LLC purchased a new stake in Ball during the first quarter valued at $39,000. Finally, IFP Advisors Inc raised its stake in Ball by 103.2% during the second quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock valued at $68,000 after purchasing an additional 580 shares in the last quarter. 86.51% of the stock is owned by institutional investors.

Ball Trading Down 0.7%

BALL opened at $47.60 on Friday. 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 stock’s 50 day moving average price is $48.81 and its 200-day moving average price is $52.71. Ball Corporation has a one year low of $43.51 and a one year high of $63.35. The stock has a market cap of $12.76 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 1.09 and a beta of 1.12.

Ball (NYSE:BALL) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $1.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.02. The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%.During the same quarter in the previous year, the business earned $0.91 EPS. Ball’s revenue was up 9.6% compared to the same quarter last year. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, equities analysts forecast that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.20 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. Ball’s dividend payout ratio is presently 32.52%.

Wall Street Analysts Forecast Growth

BALL has been the subject of a number of recent research reports. Mizuho dropped their price objective on shares of Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Wells Fargo & Company dropped their price target on Ball from $54.00 to $48.00 and set an “underweight” rating for the company in a research report on Wednesday, October 15th. Citigroup reduced their price objective on Ball from $60.00 to $53.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Royal Bank Of Canada raised their price objective on Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. dropped their target price on Ball from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Ball presently has a consensus rating of “Hold” and an average price target of $61.33.

Insider Activity at Ball

In related news, Chairman Daniel William Fisher sold 3,400 shares of the firm’s 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 transaction, the chairman 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.81% of the company’s stock.

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.