Ball Corporation $BALL Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC cut its position in shares of Ball Corporation (NYSE:BALL) by 16.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,775 shares of the company’s stock after selling 3,749 shares during the quarter. DAVENPORT & Co LLC’s holdings in Ball were worth $1,053,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BALL. Evermay Wealth Management LLC grew its stake in shares of Ball by 11.5% in the first quarter. Evermay Wealth Management LLC now owns 1,943 shares of the company’s stock valued at $101,000 after buying an additional 200 shares in the last quarter. EP Wealth Advisors LLC grew its stake in shares of Ball by 4.9% in the first quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock valued at $228,000 after buying an additional 205 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Ball by 6.0% in the first quarter. GAMMA Investing LLC now owns 3,852 shares of the company’s stock valued at $201,000 after buying an additional 219 shares in the last quarter. Strengthening Families & Communities LLC grew its stake in shares of Ball by 72.4% in the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock valued at $37,000 after buying an additional 297 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Ball by 26.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,454 shares of the company’s stock valued at $82,000 after buying an additional 302 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Ball Trading Down 1.5%

NYSE:BALL opened at $47.07 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.00 and a debt-to-equity ratio of 1.23. The business’s 50 day moving average is $51.26 and its two-hundred day moving average is $52.80. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $67.84. The company has a market cap of $12.81 billion, a PE ratio of 24.39, a P/E/G ratio of 1.09 and a beta of 1.09.

Ball (NYSE:BALL) last released its earnings results on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. Ball had a return on equity of 16.81% and a net margin of 4.49%.The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the business posted $0.74 EPS. Ball’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, analysts predict that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Ball’s dividend payout ratio (DPR) is currently 41.45%.

Insider Buying and Selling

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the 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 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on BALL. Royal Bank Of Canada increased their target price on Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Truist Financial increased their target price on Ball from $62.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, July 11th. UBS Group lowered their target price on Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Monday. Citigroup reduced their price target on Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ball in a report on Wednesday. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $63.27.

Ball 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.