Forum Financial Management LP Purchases 934 Shares of Ball Corporation $BALL

Forum Financial Management LP increased its position in shares of Ball Corporation (NYSE:BALL) by 16.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 6,581 shares of the company’s stock after acquiring an additional 934 shares during the quarter. Forum Financial Management LP’s holdings in Ball were worth $369,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rosenberg Matthew Hamilton lifted its position in Ball by 145.0% during the second 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 bought a new stake in Ball during the first quarter worth about $32,000. Strengthening Families & Communities LLC lifted its position 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 purchasing an additional 297 shares during the period. SVB Wealth LLC bought a new stake in Ball during the first quarter worth about $39,000. Finally, Federated Hermes Inc. lifted its position in Ball by 40.4% during the first quarter. Federated Hermes Inc. now owns 1,311 shares of the company’s stock worth $68,000 after purchasing an additional 377 shares during the period. Institutional investors own 86.51% of the company’s stock.

Ball Stock Up 0.4%

Shares of NYSE BALL opened at $49.88 on Friday. The company has a 50 day simple moving average of $50.13 and a 200 day simple moving average of $52.74. The firm has a market cap of $13.57 billion, a PE ratio of 25.84, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. The business had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.10 billion. Ball had a net margin of 4.49% and a return on equity of 16.81%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the business earned $0.74 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, research analysts forecast that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, September 2nd. Ball’s dividend payout ratio (DPR) is 41.45%.

Insider Transactions at Ball

In related news, Chairman Daniel William Fisher sold 3,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $51.55, for a total value of $175,270.00. Following the completion of the transaction, the chairman owned 10,036 shares in the company, valued at $517,355.80. This trade represents a 25.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.81% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BALL has been the subject of several research analyst reports. Wells Fargo & Company lowered their target price on Ball from $54.00 to $48.00 and set an “underweight” rating for the company in a research note on Wednesday, October 15th. UBS Group lowered their target price on Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Truist Financial lowered their target price on Ball from $69.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Bank of America reissued a “neutral” rating and set a $66.00 target price (down previously from $67.00) on shares of Ball in a research note on Wednesday, July 9th. Finally, Royal Bank Of Canada boosted their target price on Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Ball currently has a consensus rating of “Hold” and a consensus 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.