Sage Mountain Advisors LLC Acquires Shares of 5,072 Ball Corporation $BALL

Sage Mountain Advisors LLC acquired a new stake in shares of Ball Corporation (NYSE:BALL) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 5,072 shares of the company’s stock, valued at approximately $284,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Praxis Investment Management Inc. boosted its position in shares of Ball by 1.2% in the 2nd quarter. Praxis Investment Management Inc. now owns 15,340 shares of the company’s stock worth $860,000 after purchasing an additional 180 shares in the last quarter. Evermay Wealth Management LLC boosted its position in shares of 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 in the last quarter. EP Wealth Advisors LLC boosted its position in shares of 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 in the last quarter. Ethic Inc. boosted its position in shares of Ball by 0.6% in the 2nd quarter. Ethic Inc. now owns 34,415 shares of the company’s stock worth $1,941,000 after purchasing an additional 205 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of 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 in the last quarter. 86.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $51.55, for a total transaction of $175,270.00. Following the completion of the sale, the chairman directly owned 10,036 shares in the company, valued at approximately $517,355.80. The trade was a 25.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Ball Price Performance

Shares of BALL opened at $49.88 on Monday. The firm has a market cap of $13.57 billion, a PE ratio of 25.84, a P/E/G ratio of 1.14 and a beta of 1.09. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. The firm has a fifty day simple moving average of $50.13 and a two-hundred day simple moving average of $52.78. Ball Corporation has a 1-year low of $43.51 and a 1-year high of $65.06.

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

Ball Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid 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 payout ratio is currently 41.45%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Truist Financial dropped their price target on Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Ball in a research report on Friday. Citigroup decreased their price objective on shares of Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Bank of America restated a “neutral” rating and issued a $66.00 price objective (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Finally, Wells Fargo & Company decreased their price objective on shares of Ball from $54.00 to $48.00 and set an “underweight” rating for the company in a report on Wednesday, October 15th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ball has a consensus rating of “Hold” and an average target price of $62.36.

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.