Ball Corporation $BALL Shares Bought by Toth Financial Advisory Corp

Key Points

• Toth Financial Advisory Corp increased its stake in Ball Corporation by 19.8%, owning 63,908 shares valued at approximately $3.6 million.
• Ball Corporation reported $0.90 earnings per share for the latest quarter, exceeding analysts' expectations of $0.87, alongside a revenue increase of 12.8% year-over-year.
• The company has announced a quarterly dividend of $0.20 per share, resulting in an annualized dividend yield of 1.6%, with a payout ratio of 41.45%.

Toth Financial Advisory Corp grew its stake in shares of Ball Corporation (NYSE:BALL - Free Report) by 19.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,908 shares of the company's stock after buying an additional 10,549 shares during the quarter. Toth Financial Advisory Corp's holdings in Ball were worth $3,585,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Ball during the first quarter valued at $32,000. Strengthening Families & Communities LLC lifted its stake 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 purchasing an additional 297 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Ball during the 1st quarter worth about $39,000. Whipplewood Advisors LLC grew its holdings in Ball by 764.9% during the first quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock valued at $42,000 after purchasing an additional 719 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in Ball by 40.4% in the 1st quarter. Federated Hermes Inc. now owns 1,311 shares of the company's stock worth $68,000 after acquiring an additional 377 shares during the period. 86.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BALL has been the subject of several research reports. Bank of America reiterated a "neutral" rating and issued a $66.00 target price (down previously from $67.00) on shares of Ball in a research note on Wednesday, July 9th. Royal Bank Of Canada lifted their price target on shares of Ball from $69.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Citigroup raised their price target on shares of Ball from $55.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, July 3rd. UBS Group upped their target price on shares of Ball from $54.00 to $60.00 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. Finally, Truist Financial lifted their price target on shares of Ball from $62.00 to $69.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $65.27.

Ball Trading Down 0.5%

NYSE BALL traded down $0.23 during trading on Tuesday, hitting $48.46. 1,806,346 shares of the company's stock traded hands, compared to its average volume of 2,592,487. The stock has a fifty day moving average of $53.84 and a two-hundred day moving average of $53.06. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $68.12. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67. The firm has a market cap of $13.19 billion, a P/E ratio of 25.15, a PEG ratio of 1.11 and a beta of 1.06.

Ball (NYSE:BALL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, topping the consensus estimate 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%. Ball's quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the business posted $0.74 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, sell-side analysts expect that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. Ball's dividend payout ratio (DPR) is presently 41.45%.

Insider Buying and Selling

In other news, Chairman Daniel William Fisher sold 3,400 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was 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 of the company's stock, valued at approximately $517,355.80. The trade was a 25.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.57% of the stock is owned by company insiders.

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.