Wealth Enhancement Advisory Services LLC Sells 10,627 Shares of Ball Corporation $BALL

Wealth Enhancement Advisory Services LLC reduced its stake in Ball Corporation (NYSE:BALL) by 28.4% during the third quarter, HoldingsChannel reports. The firm owned 26,812 shares of the company’s stock after selling 10,627 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Ball were worth $1,301,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BALL. Rosenberg Matthew Hamilton boosted its position in Ball by 145.0% in the second quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock valued at $29,000 after buying an additional 306 shares in the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of Ball by 4,236.8% in the 3rd quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock valued at $42,000 after acquiring an additional 805 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Ball during the 2nd quarter valued at $46,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Ball during the 2nd quarter valued at $47,000. Finally, IFP Advisors Inc grew its position in Ball by 103.2% during the 2nd quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock worth $68,000 after acquiring an additional 580 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BALL shares. Royal Bank Of Canada reissued an “outperform” rating and set a $67.00 price target on shares of Ball in a research note on Thursday, January 15th. Bank of America upgraded shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Monday, November 17th. Truist Financial boosted their target price on shares of Ball from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. UBS Group raised their price target on shares of Ball from $55.00 to $58.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Finally, Morgan Stanley set a $63.00 price target on shares of Ball and gave the stock an “equal weight” rating in a report on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $62.83.

Ball Price Performance

Shares of NYSE BALL opened at $56.77 on Monday. The company has a market capitalization of $15.21 billion, a PE ratio of 23.08, a P/E/G ratio of 1.12 and a beta of 1.13. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 1.26. Ball Corporation has a twelve month low of $43.51 and a twelve month high of $60.28. The firm has a fifty day simple moving average of $52.72 and a 200 day simple moving average of $51.72.

Ball (NYSE:BALL) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $1.02 earnings per share for the quarter, hitting the consensus estimate of $1.02. The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.32 billion. Ball had a return on equity of 17.89% and a net margin of 5.36%.The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, sell-side analysts forecast that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. Ball’s dividend payout ratio (DPR) is 32.52%.

Ball Profile

Ball Corporation is a leading provider of sustainable aluminum packaging solutions and advanced aerospace technologies. Headquartered in Broomfield, Colorado, the company serves customers in the beverage, food and aerosol markets through a global network of manufacturing facilities. With an emphasis on sustainability and innovation, Ball designs and produces metal cans, bottles and ends that support recycling and reduce environmental impact.

The company’s packaging segment specializes in beverage cans for soft drinks, beer and energy drinks, as well as metal packaging for food and personal care applications.