Endeavor Private Wealth Inc. Purchases New Stake in Ball Corporation $BALL

Endeavor Private Wealth Inc. acquired a new position in shares of Ball Corporation (NYSE:BALL) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,557 shares of the company’s stock, valued at approximately $583,000.

Other hedge funds have also recently bought and sold shares of the company. EP Wealth Advisors LLC lifted its stake in Ball by 4.9% during the first quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock worth $228,000 after purchasing an additional 205 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Ball by 48.3% during the 2nd quarter. Nordea Investment Management AB now owns 72,657 shares of the company’s stock worth $4,074,000 after buying an additional 23,657 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Ball by 4.8% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 254,445 shares of the company’s stock worth $14,272,000 after buying an additional 11,731 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Ball by 12.8% during the 2nd quarter. American Century Companies Inc. now owns 565,575 shares of the company’s stock worth $31,723,000 after buying an additional 63,975 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Ball by 7.8% in the second quarter. Bank of New York Mellon Corp now owns 2,111,813 shares of the company’s stock valued at $118,452,000 after buying an additional 152,441 shares in the last quarter. 86.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Mizuho lowered their target price on Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. UBS Group decreased their price target on shares of Ball from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Citigroup dropped their price objective on shares of Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Raymond James Financial assumed coverage on shares of Ball in a research note on Wednesday, October 15th. They set a “market perform” rating on the stock. Finally, Bank of America upgraded shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 price target for the company in a report on Monday, November 17th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Ball presently has a consensus rating of “Hold” and a consensus price target of $60.92.

Ball Trading Up 0.7%

Shares of NYSE BALL opened at $53.35 on Friday. The firm has a 50 day moving average price of $49.56 and a two-hundred day moving average price of $52.00. The stock has a market cap of $14.30 billion, a P/E ratio of 21.69, a price-to-earnings-growth ratio of 1.01 and a beta of 1.14. Ball Corporation has a 52-week low of $43.51 and a 52-week high of $60.28. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.72 and a current ratio of 1.11.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $1.02 earnings per share for the quarter, hitting the consensus estimate of $1.02. The company had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Ball had a net margin of 5.36% and a return on equity of 17.89%. Ball’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, equities analysts forecast that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, December 1st. Ball’s dividend payout ratio (DPR) is 32.52%.

Ball Profile

Ball Corporation is a leading provider of sustainable aluminum packaging solutions and advanced aerospace technologies. Headquartered in Broomfield, Colorado, the company serves customers in the beverage, food and aerosol markets through a global network of manufacturing facilities. With an emphasis on sustainability and innovation, Ball designs and produces metal cans, bottles and ends that support recycling and reduce environmental impact.

The company’s packaging segment specializes in beverage cans for soft drinks, beer and energy drinks, as well as metal packaging for food and personal care applications.