Ball Corporation $BALL Stock Holdings Boosted by Aviso Financial Inc.

Aviso Financial Inc. increased its holdings in Ball Corporation (NYSE:BALL) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 744,655 shares of the company’s stock after buying an additional 13,072 shares during the quarter. Ball comprises 1.9% of Aviso Financial Inc.’s portfolio, making the stock its 21st largest holding. Aviso Financial Inc. owned about 0.27% of Ball worth $41,768,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BALL. Praxis Investment Management Inc. lifted its holdings in shares of 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 buying an additional 180 shares during the period. Evermay Wealth Management LLC raised 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 acquiring an additional 200 shares in the last quarter. EP Wealth Advisors LLC raised its stake 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 valued at $228,000 after acquiring an additional 205 shares in the last quarter. Ethic Inc. boosted its stake in Ball by 0.6% during the 2nd quarter. Ethic Inc. now owns 34,415 shares of the company’s stock valued at $1,941,000 after purchasing an additional 205 shares during the period. Finally, Seeds Investor LLC increased its stake in Ball by 4.1% during the second quarter. Seeds Investor LLC now owns 6,797 shares of the company’s stock valued at $381,000 after acquiring an additional 265 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Insider Activity

In related news, Chairman Daniel William Fisher sold 3,400 shares of the company’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $51.55, for a total transaction of $175,270.00. Following the completion of the sale, the chairman owned 10,036 shares in the company, valued at approximately $517,355.80. This represents a 25.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.81% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

BALL has been the subject of a number of research analyst reports. Raymond James Financial began coverage on shares of Ball in a research note on Wednesday, October 15th. They issued a “market perform” rating for the company. Bank of America raised Ball from a “neutral” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Monday, November 17th. Royal Bank Of Canada upped their price objective on Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Ball in a research report on Wednesday, October 8th. Finally, Mizuho decreased their price objective on shares of Ball from $68.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $60.92.

Ball Stock Down 2.0%

Shares of NYSE:BALL opened at $48.86 on Tuesday. 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 Corporation has a 1 year low of $43.51 and a 1 year high of $63.35. The business’s 50-day moving average is $48.53 and its 200-day moving average is $52.58. The company has a market capitalization of $13.09 billion, a price-to-earnings ratio of 25.32, a P/E/G ratio of 1.09 and a beta of 1.12.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, November 4th. The company reported $1.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.02. Ball had a net margin of 4.49% and a return on equity of 16.81%. The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. Ball’s revenue was up 9.6% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Equities research analysts predict that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, December 1st. Ball’s dividend payout ratio is currently 32.52%.

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.