Focus Partners Advisor Solutions LLC Purchases New Stake in Ball Corporation $BALL

Focus Partners Advisor Solutions LLC purchased a new stake in Ball Corporation (NYSE:BALL) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,077 shares of the company’s stock, valued at approximately $397,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its stake 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 valued at $2,044,000 after purchasing an additional 4,289 shares in the last quarter. EP Wealth Advisors LLC raised its stake in Ball by 4.9% during the first quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock worth $228,000 after acquiring an additional 205 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Ball by 48.3% in the second quarter. Nordea Investment Management AB now owns 72,657 shares of the company’s stock worth $4,074,000 after acquiring an additional 23,657 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Ball by 20.7% in the first quarter. Russell Investments Group Ltd. now owns 601,522 shares of the company’s stock worth $31,313,000 after acquiring an additional 103,022 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Ball by 22.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 84,503 shares of the company’s stock worth $4,399,000 after acquiring an additional 15,300 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Insider Buying and Selling at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $517,355.80. The trade was a 25.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BALL shares. Citigroup dropped their target price on shares of Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Mizuho cut their target price on shares of Ball from $68.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Raymond James Financial began coverage on shares of Ball in a research note on Wednesday, October 15th. They set a “market perform” rating on the stock. Royal Bank Of Canada boosted their target price on shares of Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Finally, Truist Financial decreased their target price on shares of Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $62.36.

Ball Stock Performance

NYSE:BALL opened at $47.28 on Friday. The stock has a market cap of $12.87 billion, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 1.09 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 stock’s 50-day moving average is $49.77 and its 200-day moving average is $52.79. Ball Corporation has a 1-year low of $43.51 and a 1-year high of $64.80.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share 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%.The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.74 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Equities research analysts anticipate that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, December 1st. Ball’s payout ratio is 41.45%.

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.