Somerville Kurt F Sells 100,942 Shares of Ball Corporation $BALL

Somerville Kurt F reduced its position in Ball Corporation (NYSE:BALL) by 87.0% during the second quarter, Holdings Channel reports. The institutional investor owned 15,060 shares of the company’s stock after selling 100,942 shares during the quarter. Somerville Kurt F’s holdings in Ball were worth $845,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Evermay Wealth Management LLC boosted its holdings in shares of Ball by 11.5% in the 1st quarter. Evermay Wealth Management LLC now owns 1,943 shares of the company’s stock valued at $101,000 after buying an additional 200 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of Ball by 4.9% in the 1st quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock valued at $228,000 after buying an additional 205 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Ball by 6.0% in the 1st quarter. GAMMA Investing LLC now owns 3,852 shares of the company’s stock valued at $201,000 after buying an additional 219 shares in the last quarter. Strengthening Families & Communities LLC boosted its holdings in shares of Ball by 72.4% in the 1st quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock valued at $37,000 after buying an additional 297 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Ball by 26.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,454 shares of the company’s stock valued at $82,000 after buying an additional 302 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Ball Stock Performance

Shares of NYSE BALL opened at $48.48 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.67 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 $67.84. The company has a 50 day simple moving average of $51.84 and a two-hundred day simple moving average of $52.87. The stock has a market cap of $13.19 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 1.13 and a beta of 1.09.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. Ball had a net margin of 4.49% and a return on equity of 16.81%. The business had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the business posted $0.74 EPS. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, analysts predict that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. Ball’s payout ratio is presently 41.45%.

Wall Street Analyst Weigh In

Several analysts have weighed in on BALL shares. Mizuho dropped 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. Royal Bank Of Canada raised their price target on shares of Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Wells Fargo & Company raised their price target on shares of Ball from $50.00 to $54.00 and gave the stock an “underweight” rating in a report on Friday, July 18th. Bank of America reaffirmed a “neutral” rating and issued a $66.00 price target (down previously from $67.00) on shares of Ball in a report on Wednesday, July 9th. Finally, Citigroup decreased their price target 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. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $63.27.

Insider Buying and Selling

In other news, Chairman Daniel William Fisher sold 3,400 shares of Ball stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $51.55, for a total transaction of $175,270.00. Following the completion of the transaction, the chairman directly owned 10,036 shares of the company’s stock, valued at $517,355.80. The trade was a 25.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.57% of the company’s stock.

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.