7,514 Shares in Ball Corporation $BALL Acquired by Callan Family Office LLC

Key Points

• Callan Family Office LLC acquired 7,514 shares of Ball Corporation, valued at approximately $421,000, during the second quarter.
• Ball Corporation recently reported earnings per share of $0.90 for the last quarter, surpassing analysts' expectations of $0.87 per share.
• The company declared a quarterly dividend of $0.20 per share, representing an annualized dividend yield of 1.7%.

Callan Family Office LLC acquired a new position in Ball Corporation (NYSE:BALL - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,514 shares of the company's stock, valued at approximately $421,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC bought a new position in Ball in the 1st quarter worth approximately $32,000. Strengthening Families & Communities LLC boosted its holdings in 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 purchasing an additional 297 shares during the period. SVB Wealth LLC bought a new position in Ball in the 1st quarter valued at $39,000. Federated Hermes Inc. boosted its holdings in Ball by 40.4% in the 1st quarter. Federated Hermes Inc. now owns 1,311 shares of the company's stock valued at $68,000 after purchasing an additional 377 shares during the period. Finally, UMB Bank n.a. boosted its holdings in Ball by 336.9% in the 2nd quarter. UMB Bank n.a. now owns 1,337 shares of the company's stock valued at $75,000 after purchasing an additional 1,031 shares during the period. 86.51% of the stock is owned by institutional investors.

Insider Transactions at Ball

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of Ball stock in a transaction dated 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 directly owned 10,036 shares of the company's stock, valued at approximately $517,355.80. The trade was a 25.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.81% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on BALL. Bank of America reissued a "neutral" rating and issued a $66.00 price target (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Wells Fargo & Company cut their price target on shares of Ball from $54.00 to $48.00 and set an "underweight" rating for the company in a report on Wednesday. Raymond James Financial began coverage on shares of Ball in a report on Wednesday. They issued a "market perform" rating for the company. Citigroup cut 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. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Ball in a report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $62.36.

Ball Price Performance

BALL stock opened at $47.58 on Thursday. The firm's 50-day moving average price is $50.81 and its two-hundred day moving average price is $52.71. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $67.84. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 24.65, a PEG 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.

Ball (NYSE:BALL - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.03. The firm had revenue of $3.34 billion for 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 company's revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, equities analysts predict that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.80 annualized dividend and a yield of 1.7%. 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.

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