Valeo Financial Advisors LLC Acquires 853 Shares of Ball Corporation $BALL

Valeo Financial Advisors LLC lifted its holdings in shares of Ball Corporation (NYSE:BALL) by 11.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,502 shares of the company’s stock after acquiring an additional 853 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Ball were worth $477,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC bought a new stake in Ball in the 1st quarter valued at $32,000. Strengthening Families & Communities LLC boosted its stake in Ball by 72.4% in the 1st quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock valued at $37,000 after purchasing an additional 297 shares during the period. SVB Wealth LLC bought a new stake in Ball in the 1st quarter valued at $39,000. Federated Hermes Inc. boosted its stake in Ball by 40.4% in the 1st quarter. Federated Hermes Inc. now owns 1,311 shares of the company’s stock valued at $68,000 after purchasing an additional 377 shares during the period. Finally, UMB Bank n.a. boosted its stake in Ball by 336.9% in the 2nd quarter. UMB Bank n.a. now owns 1,337 shares of the company’s stock valued at $75,000 after purchasing an additional 1,031 shares during the period. 86.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BALL has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their target price on Ball from $50.00 to $54.00 and gave the company an “underweight” rating in a research report on Friday, July 18th. UBS Group cut their target price on Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a research report on Monday. Mizuho lowered their price target on Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Truist Financial boosted their price target on Ball from $62.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Finally, Citigroup lowered their price target on Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $63.27.

Ball Trading Up 0.4%

Shares of BALL stock opened at $48.72 on Thursday. The stock has a market cap of $13.26 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 1.10 and a beta of 1.09. The stock has a 50-day moving average of $51.65 and a 200-day moving average of $52.85. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. Ball Corporation has a 1-year low of $43.51 and a 1-year high of $67.84.

Ball (NYSE:BALL) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.03. The company had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%.The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share. 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 earnings per share for the current year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.6%. Ball’s dividend payout ratio is presently 41.45%.

Insider Activity at Ball

In related news, Chairman Daniel William Fisher sold 3,400 shares of the company’s 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 sale, the chairman owned 10,036 shares in the company, valued at $517,355.80. This represents a 25.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is currently owned by insiders.

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.