Ball Corporation $BALL Shares Purchased by Cwm LLC

Key Points

• Cwm LLC significantly increased its ownership in Ball Corporation by 115.4% during Q2, acquiring a total of 59,075 shares valued at approximately $3.31 million.
• Ball Corporation reported a 12.8% year-over-year revenue increase for the quarter, reaching $3.34 billion, and earnings per share of $0.90, surpassing analysts' expectations.
• Several analysts have adjusted their ratings on Ball Corp, with targets ranging from $48.00 to $66.00, indicating mixed market sentiments towards the stock.

Cwm LLC increased its holdings in shares of Ball Corporation (NYSE:BALL - Free Report) by 115.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,075 shares of the company's stock after acquiring an additional 31,648 shares during the period. Cwm LLC's holdings in Ball were worth $3,314,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BALL. Cary Street Partners Investment Advisory LLC acquired a new stake in Ball in the first quarter valued at $32,000. Strengthening Families & Communities LLC grew its holdings in Ball by 72.4% in the first 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 acquired a new stake in Ball in the first quarter valued at $39,000. Federated Hermes Inc. grew its holdings in Ball by 40.4% in the first 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 last quarter. Finally, IFP Advisors Inc grew its holdings in Ball by 103.2% in the second quarter. IFP Advisors Inc now owns 1,142 shares of the company's stock valued at $68,000 after purchasing an additional 580 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on BALL. Raymond James Financial began coverage on Ball in a report on Wednesday. They issued a "market perform" rating on the stock. Bank of America reissued a "neutral" rating and issued a $66.00 target price (down previously from $67.00) on shares of Ball in a report on Wednesday, July 9th. Wells Fargo & Company decreased their price objective on Ball from $54.00 to $48.00 and set an "underweight" rating on the stock in a research note on Wednesday. Citigroup decreased their price objective on Ball from $60.00 to $53.00 and set a "neutral" rating on the stock in a research note on Monday, September 29th. Finally, Truist Financial decreased their price objective on Ball from $69.00 to $65.00 and set a "buy" rating on the stock in a research note on Monday, October 13th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $62.36.

Ball Stock Up 0.7%

BALL opened at $48.39 on Friday. The business's fifty day simple moving average is $50.58 and its 200 day simple moving average is $52.66. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $67.84. The firm has a market cap of $13.17 billion, a P/E ratio of 25.07, a PEG ratio of 1.10 and a beta of 1.09. 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 (NYSE:BALL - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. Ball had a return on equity of 16.81% and a net margin of 4.49%.The firm had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the business posted $0.74 earnings per share. The firm's revenue for the quarter 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, equities research analysts anticipate that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors 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 annualized dividend and a yield of 1.7%. Ball's dividend payout ratio is 41.45%.

Insider Activity at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of the firm's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $51.55, for a total value of $175,270.00. Following the transaction, the chairman directly owned 10,036 shares in the company, valued at $517,355.80. This trade represents a 25.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is currently owned by company insiders.

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.

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