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

Sage Mountain Advisors LLC purchased a new stake in shares of Ball Corporation (NYSE:BALL) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,072 shares of the company’s stock, valued at approximately $284,000.

A number of other large investors have also added to or reduced their stakes in the company. 180 Wealth Advisors LLC raised its position in Ball by 4.1% during the second quarter. 180 Wealth Advisors LLC now owns 37,785 shares of the company’s stock valued at $2,119,000 after purchasing an additional 1,505 shares in the last quarter. Prentice Wealth Management LLC purchased a new stake in Ball during the second quarter valued at about $204,000. Forum Financial Management LP raised its position in Ball by 16.5% during the second quarter. Forum Financial Management LP now owns 6,581 shares of the company’s stock valued at $369,000 after purchasing an additional 934 shares in the last quarter. Ethic Inc. raised its position in Ball by 0.6% during the second quarter. Ethic Inc. now owns 34,415 shares of the company’s stock valued at $1,941,000 after purchasing an additional 205 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in Ball by 5.2% during the second quarter. D.A. Davidson & CO. now owns 13,100 shares of the company’s stock valued at $735,000 after purchasing an additional 651 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Stock Up 0.4%

NYSE BALL opened at $49.88 on Monday. 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 stock has a market capitalization of $13.57 billion, a PE ratio of 25.84, a PEG ratio of 1.14 and a beta of 1.09. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $65.06. The business’s 50-day moving average is $50.13 and its 200 day moving average is $52.78.

Ball (NYSE:BALL) last posted its earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 16.81% and a net margin of 4.49%.Ball’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the firm earned $0.74 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Sell-side analysts forecast that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend 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

Several research analysts have recently commented on BALL shares. Wells Fargo & Company decreased their price objective on Ball from $54.00 to $48.00 and set an “underweight” rating on the stock in a report on Wednesday, October 15th. Bank of America reiterated a “neutral” rating and issued a $66.00 price objective (down previously from $67.00) on shares of Ball in a report on Wednesday, July 9th. Citigroup decreased their price objective on Ball from $60.00 to $53.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Royal Bank Of Canada lifted their price objective on Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Finally, Truist Financial decreased their price objective on Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $62.36.

Insiders Place Their Bets

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. Insiders own 0.81% of the company’s stock.

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.