Ball Corporation $BALL Shares Sold by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC decreased its holdings in shares of Ball Corporation (NYSE:BALL) by 7.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,675 shares of the company’s stock after selling 3,352 shares during the period. Tritonpoint Wealth LLC’s holdings in Ball were worth $2,450,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Ball by 12.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,718 shares of the company’s stock valued at $2,044,000 after purchasing an additional 4,289 shares in the last quarter. EP Wealth Advisors LLC boosted its position in shares of Ball by 4.9% during the 1st quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock valued at $228,000 after purchasing an additional 205 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Ball by 5.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 122,483 shares of the company’s stock valued at $6,378,000 after purchasing an additional 5,841 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Ball by 20.7% during the 1st quarter. Russell Investments Group Ltd. now owns 601,522 shares of the company’s stock valued at $31,313,000 after purchasing an additional 103,022 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Ball by 12.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 55,997 shares of the company’s stock worth $2,916,000 after buying an additional 6,106 shares during the period. Institutional investors own 86.51% of the company’s stock.

Insider Activity at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of Ball stock in a transaction that occurred on 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on BALL. Royal Bank Of Canada raised their target price on shares of Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Bank of America reiterated a “neutral” rating and issued a $66.00 target price (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Citigroup raised their target price on shares of Ball from $55.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, July 3rd. Truist Financial raised their target price on shares of Ball from $62.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Finally, UBS Group raised their price target on shares of Ball from $54.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, July 9th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $65.27.

Ball Stock Performance

BALL stock opened at $49.50 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 has a market cap of $13.47 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.13 and a beta of 1.06. The firm has a 50 day simple moving average of $53.10 and a 200 day simple moving average of $52.96. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $68.12.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.87 by $0.03. The business had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Ball had a net margin of 4.49% and a return on equity of 16.81%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the company posted $0.74 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Research analysts anticipate that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

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

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.