Sequoia Financial Advisors LLC Sells 679 Shares of Ball Corporation $BALL

Sequoia Financial Advisors LLC lowered its position in Ball Corporation (NYSE:BALL) by 14.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,086 shares of the company’s stock after selling 679 shares during the period. Sequoia Financial Advisors LLC’s holdings in Ball were worth $229,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Evermay Wealth Management LLC boosted its stake in Ball by 11.5% in the 1st quarter. Evermay Wealth Management LLC now owns 1,943 shares of the company’s stock worth $101,000 after purchasing an additional 200 shares during the period. EP Wealth Advisors LLC boosted its stake in Ball by 4.9% in the 1st 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 period. GAMMA Investing LLC boosted its stake in Ball by 6.0% in the 1st quarter. GAMMA Investing LLC now owns 3,852 shares of the company’s stock worth $201,000 after purchasing an additional 219 shares during the period. 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 worth $37,000 after purchasing an additional 297 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Ball by 26.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,454 shares of the company’s stock worth $82,000 after purchasing an additional 302 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

Ball Trading Down 0.0%

Ball stock opened at $49.73 on Friday. The firm has a 50-day moving average of $50.21 and a 200-day moving average of $52.65. Ball Corporation has a one year low of $43.51 and a one year high of $65.44. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67. The company has a market cap of $13.54 billion, a price-to-earnings ratio of 25.77, a P/E/G ratio of 1.14 and a beta of 1.09.

Ball (NYSE:BALL) last issued its earnings results 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. The company had revenue of $3.34 billion for 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%. Ball’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 EPS. 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

BALL has been the subject of a number of research analyst reports. Citigroup reduced their target price 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. UBS Group reduced their target price on shares of Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Wells Fargo & Company reduced their target price on shares of Ball from $54.00 to $48.00 and set an “underweight” rating for the company in a research note on Wednesday, October 15th. Truist Financial reduced their price objective on shares of Ball from $69.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Finally, Bank of America restated a “neutral” rating and set a $66.00 price objective (down from $67.00) on shares of Ball in a research note on Wednesday, July 9th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ball presently has a consensus rating of “Hold” and a consensus target price of $62.36.

Insider Activity

In other news, Chairman Daniel William Fisher sold 3,400 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $51.55, for a total value 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. This represents a 25.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.81% of the company’s stock.

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.