Ball Corporation $BALL Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC lifted its holdings in Ball Corporation (NYSE:BALL) by 311.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,664 shares of the company’s stock after buying an additional 73,953 shares during the quarter. Wealthfront Advisers LLC’s holdings in Ball were worth $5,478,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Rosenberg Matthew Hamilton grew its stake in shares of Ball by 145.0% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock worth $29,000 after purchasing an additional 306 shares during the period. Cary Street Partners Investment Advisory LLC purchased a new stake in Ball during the first quarter worth about $32,000. Strengthening Families & Communities LLC boosted its holdings in Ball by 72.4% during the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock worth $37,000 after buying an additional 297 shares in the last quarter. SVB Wealth LLC acquired a new position in Ball during the first quarter worth about $39,000. Finally, Federated Hermes Inc. increased its holdings in Ball by 40.4% in the first quarter. Federated Hermes Inc. now owns 1,311 shares of the company’s stock valued at $68,000 after buying an additional 377 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BALL shares. Bank of America reissued a “neutral” rating and set a $66.00 price target (down previously from $67.00) on shares of Ball in a research note on Wednesday, July 9th. Truist Financial decreased their target price on Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. 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 report on Wednesday, October 15th. Royal Bank Of Canada lifted their price target on Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ball in a research report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $62.36.

Ball Trading Down 1.5%

Shares of BALL stock opened at $49.13 on Wednesday. The company has a market capitalization of $13.37 billion, a price-to-earnings ratio of 25.45, a PEG 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 50-day moving average price of $49.99 and a 200 day moving average price of $52.83. Ball Corporation has a twelve month low of $43.51 and a twelve month high of $64.80.

Ball (NYSE:BALL) last issued its quarterly 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. The business 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%. 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 firm posted $0.74 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Research analysts forecast that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the stock in a transaction 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 represents a 25.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.57% of the company’s stock.

Ball Company 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.