FORA Capital LLC Buys New Holdings in Ball Corporation $BALL

Key Points

• FORA Capital LLC has acquired a new stake in Ball Corporation by purchasing 16,630 shares worth approximately $866,000 during the first quarter.
• Ball Corporation reported $0.90 earnings per share (EPS) for its latest quarter, exceeding analysts' expectations, with revenue increasing by 12.8% year-over-year to $3.34 billion.
• The company announced a quarterly dividend of $0.20 per share, representing a 1.5% dividend yield, with a payout ratio of 41.45%.

FORA Capital LLC bought a new position in shares of Ball Corporation (NYSE:BALL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 16,630 shares of the company's stock, valued at approximately $866,000.

Other hedge funds have also recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC acquired a new stake in Ball in the 1st quarter valued at about $1,707,000. SVB Wealth LLC acquired a new stake in Ball in the 1st quarter valued at about $39,000. Northwestern Mutual Wealth Management Co. raised its position in Ball by 21.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 124,267 shares of the company's stock valued at $6,471,000 after purchasing an additional 22,278 shares in the last quarter. Resolute Capital Asset Partners LLC acquired a new stake in Ball in the 1st quarter valued at about $1,041,000. Finally, Allstate Corp raised its position in Ball by 34.3% in the 1st quarter. Allstate Corp now owns 11,711 shares of the company's stock valued at $610,000 after purchasing an additional 2,994 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.

Ball Stock Performance

Ball stock traded up $0.54 during mid-day trading on Friday, reaching $52.61. 1,787,849 shares of the company were exchanged, compared to its average volume of 2,685,026. 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 firm's 50-day simple moving average is $56.23 and its two-hundred day simple moving average is $53.16. The firm has a market cap of $14.32 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 1.20 and a beta of 1.08. Ball Corporation has a twelve month low of $43.51 and a twelve month high of $68.12.

Ball (NYSE:BALL - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. The business 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%.The company's quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the firm earned $0.74 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Equities analysts predict that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.80 annualized dividend and a yield of 1.5%. Ball's dividend payout ratio (DPR) is presently 41.45%.

Analyst Upgrades and Downgrades

BALL has been the topic of a number of analyst reports. Barclays reduced their price target on Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 14th. Royal Bank Of Canada increased their price objective on Ball from $69.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Citigroup increased their price objective on Ball from $55.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, July 3rd. UBS Group increased their price objective on Ball from $54.00 to $60.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Finally, Bank of America reiterated a "neutral" rating and issued a $66.00 price objective (down previously from $67.00) on shares of Ball in a report on Wednesday, July 9th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $65.27.

Insiders Place Their Bets

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the firm's stock in a transaction 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 completion of the transaction, the chairman owned 10,036 shares of the company's stock, valued at approximately $517,355.80. This trade represents a 25.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.81% of the company's stock.

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.