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

180 Wealth Advisors LLC lifted its holdings in Ball Corporation (NYSE:BALL) by 4.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. increased its holdings in Ball by 12.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,718 shares of the company’s stock worth $2,044,000 after purchasing an additional 4,289 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of Ball by 4.9% during the 1st quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock valued at $228,000 after acquiring an additional 205 shares during the period. Asset Management One Co. Ltd. raised its stake in Ball by 5.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 122,483 shares of the company’s stock worth $6,378,000 after buying an additional 5,841 shares during the period. Russell Investments Group Ltd. grew its stake in Ball by 20.7% in the first quarter. Russell Investments Group Ltd. now owns 601,522 shares of the company’s stock valued at $31,313,000 after acquiring an additional 103,022 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Ball by 12.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 55,997 shares of the company’s stock valued at $2,916,000 after acquiring an additional 6,106 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of the 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Ball Trading Down 0.0%

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

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.87 by $0.03. The company had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.10 billion. Ball had a net margin of 4.49% and a return on equity of 16.81%. Ball’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the firm earned $0.74 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, research analysts forecast 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 issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Ball’s payout ratio is presently 41.45%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BALL. Wells Fargo & Company lowered their target price on Ball from $54.00 to $48.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 15th. Truist Financial lowered their price objective on shares of Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Bank of America reaffirmed a “neutral” rating and issued a $66.00 price objective (down from $67.00) on shares of Ball in a research note on Wednesday, July 9th. UBS Group reduced their price objective on shares of Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Finally, Royal Bank Of Canada upped their target price on shares of Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Ball presently has an average 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.