Belmont Capital LLC Invests $308,000 in Ball Corporation $BALL

Key Points

• Belmont Capital LLC has acquired 5,924 shares of Ball Corporation, valued at approximately $308,000, indicating a new institutional investment in the company.
• Ball Corporation recently reported a quarterly EPS of $0.90, exceeding estimates, and has raised its FY 2025 forecast to a range of 3.550-3.650 EPS.
• The company announced a quarterly dividend of $0.20 per share, demonstrating a dividend yield of 1.6% for shareholders, payable on September 16.

Belmont Capital LLC purchased a new position in shares of Ball Corporation (NYSE:BALL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,924 shares of the company's stock, valued at approximately $308,000.

A number of other institutional investors have also recently bought and sold shares of BALL. Cary Street Partners Investment Advisory LLC acquired a new stake in Ball during the first quarter worth $32,000. Strengthening Families & Communities LLC boosted 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 in the last quarter. SVB Wealth LLC acquired a new stake in shares of Ball in the 1st quarter valued at $39,000. Whipplewood Advisors LLC boosted its stake in shares of Ball by 764.9% in the 1st quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock valued at $42,000 after purchasing an additional 719 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.

Ball Trading Up 0.9%

NYSE:BALL traded up $0.47 on Friday, hitting $50.89. 1,549,281 shares of the stock were exchanged, compared to its average volume of 2,161,734. The stock has a market capitalization of $13.85 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 1.16 and a beta of 1.06. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $68.12. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00. The company's 50-day moving average price is $55.65 and its 200 day moving average price is $53.20.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.03. The company had revenue of $3.34 billion during the quarter, compared to analysts' expectations of $3.10 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%.Ball's revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, equities research analysts forecast 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 will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $0.20 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.6%. Ball's payout ratio is currently 41.45%.

Insider Activity

In related 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 value of $175,270.00. Following the completion of the transaction, the chairman directly owned 10,036 shares in the company, valued at approximately $517,355.80. The trade was a 25.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.81% of the company's stock.

Analysts Set New Price Targets

BALL has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of Ball from $50.00 to $54.00 and gave the company an "underweight" rating in a research note on Friday, July 18th. Bank of America restated 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. Truist Financial boosted their target price 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. Barclays cut their price target on Ball from $61.00 to $57.00 and set an "equal weight" rating for the company in a report on Wednesday, May 14th. Finally, UBS Group lifted their price target on Ball from $54.00 to $60.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $65.27.

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.