Patton Fund Management Inc. Purchases Shares of 4,356 Ball Corporation $BALL

Patton Fund Management Inc. purchased a new position in shares of Ball Corporation (NYSE:BALL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,356 shares of the company’s stock, valued at approximately $244,000.

Several other large investors have also recently added to or reduced their stakes in BALL. Brighton Jones LLC boosted its position in Ball by 41.2% during the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock worth $289,000 after acquiring an additional 1,531 shares during the period. Two Sigma Advisers LP increased its position in Ball by 27.4% in the 4th quarter. Two Sigma Advisers LP now owns 9,300 shares of the company’s stock worth $513,000 after purchasing an additional 2,000 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Ball in the 4th quarter worth about $10,199,000. 111 Capital bought a new stake in Ball during the 4th quarter valued at approximately $201,000. Finally, GAMMA Investing LLC lifted its position in shares of Ball by 5,420.9% in the 1st quarter. GAMMA Investing LLC now owns 200,574 shares of the company’s stock worth $10,444,000 after acquiring an additional 196,941 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BALL shares. Wells Fargo & Company raised their price target on Ball from $50.00 to $54.00 and gave the stock an “underweight” rating in a research report on Friday, July 18th. Mizuho boosted their price objective on Ball from $60.00 to $68.00 and gave the stock an “outperform” rating in a report on Tuesday, July 15th. Truist Financial boosted their price target on Ball from $62.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Citigroup upped their target price on Ball from $55.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, July 3rd. Finally, Bank of America reiterated a “neutral” rating and set a $66.00 price target (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ball presently has a consensus rating of “Hold” and an average price target of $65.27.

Insider Buying and Selling

In other news, Chairman Daniel William Fisher sold 3,400 shares of the stock in a transaction 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 completion of the sale, the chairman directly owned 10,036 shares of the company’s stock, valued at $517,355.80. This represents a 25.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Ball Trading Up 2.1%

NYSE:BALL 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 firm has a market cap of $13.47 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 1.13 and a beta of 1.06. The firm has a 50-day moving average price of $53.10 and a two-hundred day moving average price 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 announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. Ball had a net margin of 4.49% and a return on equity of 16.81%. The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the firm earned $0.74 EPS. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, equities analysts expect that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.6%. Ball’s dividend payout ratio is 41.45%.

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.