Mosaic Family Wealth Partners LLC Has $4.20 Million Position in Ball Corporation $BALL

Mosaic Family Wealth Partners LLC lifted its stake in Ball Corporation (NYSE:BALL) by 160.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 74,872 shares of the company’s stock after buying an additional 46,085 shares during the period. Ball comprises 0.5% of Mosaic Family Wealth Partners LLC’s portfolio, making the stock its 26th biggest holding. Mosaic Family Wealth Partners LLC’s holdings in Ball were worth $4,200,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BALL. Praxis Investment Management Inc. raised its holdings in Ball by 1.2% in the 2nd quarter. Praxis Investment Management Inc. now owns 15,340 shares of the company’s stock valued at $860,000 after acquiring an additional 180 shares in the last quarter. Evermay Wealth Management LLC increased its position in shares of Ball by 11.5% during the first quarter. Evermay Wealth Management LLC now owns 1,943 shares of the company’s stock valued at $101,000 after purchasing an additional 200 shares during the period. EP Wealth Advisors LLC raised its stake in shares of Ball by 4.9% in the first quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock valued at $228,000 after purchasing an additional 205 shares in the last quarter. Ethic Inc. raised its stake in shares of Ball by 0.6% in 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, Strengthening Families & Communities LLC lifted its position in Ball by 72.4% in 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. 86.51% of the stock is currently owned by institutional investors.

Insider Transactions at Ball

In related news, Chairman Daniel William Fisher sold 3,400 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were 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 in the company, valued at $517,355.80. This represents a 25.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Truist Financial lowered their price target on shares of Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Wells Fargo & Company decreased their target price on shares of Ball from $54.00 to $48.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 15th. UBS Group lowered their target price on shares of Ball from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Royal Bank Of Canada increased their price target on shares of Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ball in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Ball currently has a consensus rating of “Hold” and a consensus price target of $61.33.

Ball Trading Down 0.7%

Shares of BALL stock opened at $47.60 on Monday. The company has a market capitalization of $12.76 billion, a P/E ratio of 24.66, a P/E/G ratio of 1.09 and a beta of 1.12. The firm has a 50-day moving average price of $48.81 and a 200 day moving average price of $52.72. The company has a quick ratio of 0.67, a current ratio of 1.00 and a debt-to-equity ratio of 1.23. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $63.35.

Ball (NYSE:BALL) last announced its earnings results on Tuesday, November 4th. The company reported $1.02 EPS for the quarter, hitting the consensus estimate of $1.02. Ball had a return on equity of 16.81% and a net margin of 4.49%.The business had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the business earned $0.91 EPS. Ball’s revenue was up 9.6% compared to the same quarter last year. 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.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, December 1st. Ball’s payout ratio is currently 32.52%.

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.