180 Wealth Advisors LLC Acquires 1,505 Shares of Ball Corporation $BALL

180 Wealth Advisors LLC raised its holdings in Ball Corporation (NYSE:BALL) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,785 shares of the company’s stock after acquiring an additional 1,505 shares during the period. 180 Wealth Advisors LLC’s holdings in Ball were worth $2,119,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of BALL. Rosenberg Matthew Hamilton raised its stake in Ball by 145.0% in the second quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock valued at $29,000 after purchasing an additional 306 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in shares of Ball in the 1st quarter worth $32,000. Strengthening Families & Communities LLC increased its holdings in shares of Ball by 72.4% in the 1st quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock worth $37,000 after buying an additional 297 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of Ball during the 1st quarter valued at $39,000. Finally, Federated Hermes Inc. lifted its holdings in shares of Ball by 40.4% during the 1st quarter. Federated Hermes Inc. now owns 1,311 shares of the company’s stock worth $68,000 after acquiring an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

Shares of BALL stock opened at $49.73 on Friday. The firm has a market capitalization of $13.54 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 1.14 and a beta of 1.09. The stock has a fifty day moving average of $50.21 and a 200 day moving average of $52.65. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $65.44. The company has a quick ratio of 0.67, a current ratio of 1.00 and a debt-to-equity ratio of 1.23.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Ball had a net margin of 4.49% and a return on equity of 16.81%. The business had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the firm earned $0.74 EPS. The company’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. As a group, research analysts expect that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have issued reports on BALL shares. Mizuho dropped their price target on Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Royal Bank Of Canada raised 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. Citigroup cut their target price on Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ball in a research report on Wednesday, October 8th. Finally, Truist Financial decreased their price target on shares of Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $62.36.

Insider Buying and Selling

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of Ball stock in a transaction that occurred 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 sale, the chairman directly owned 10,036 shares of the company’s stock, valued at approximately $517,355.80. The trade was a 25.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.81% of the stock is owned by company insiders.

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.