Elevation Point Wealth Partners LLC Purchases New Position in Ball Corporation $BALL

Elevation Point Wealth Partners LLC acquired a new position in shares of Ball Corporation (NYSE:BALL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,537 shares of the company’s stock, valued at approximately $86,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Ball by 41.2% during the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock worth $289,000 after buying an additional 1,531 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in Ball by 12.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 12,132 shares of the company’s stock worth $632,000 after acquiring an additional 1,356 shares in the last quarter. Cetera Investment Advisers grew its holdings in Ball by 5.0% during the 1st quarter. Cetera Investment Advisers now owns 72,340 shares of the company’s stock worth $3,767,000 after acquiring an additional 3,435 shares in the last quarter. Federated Hermes Inc. increased its position in Ball by 40.4% during 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, US Bancorp DE raised its holdings in shares of Ball by 5.6% in the 1st quarter. US Bancorp DE now owns 15,372 shares of the company’s stock valued at $800,000 after purchasing an additional 820 shares in the last quarter. 86.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BALL shares. Bank of America upgraded shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Monday, November 17th. Royal Bank Of Canada upped their target price on Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Raymond James Financial began coverage on Ball in a report on Wednesday, October 15th. They issued a “market perform” rating on the stock. Mizuho decreased their price objective on Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Finally, Wells Fargo & Company cut their target price on Ball from $54.00 to $48.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 15th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Ball currently has an average rating of “Hold” and a consensus target price of $60.92.

Ball Stock Down 1.0%

Ball stock opened at $49.04 on Tuesday. Ball Corporation has a 1-year low of $43.51 and a 1-year high of $62.96. The business has a fifty day moving average price of $48.55 and a 200-day moving average price of $52.46. 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 stock has a market capitalization of $13.14 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 1.09 and a beta of 1.12.

Ball (NYSE:BALL) last announced its earnings results on Tuesday, November 4th. The company reported $1.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.02. The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.32 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%.The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Equities research analysts forecast that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, December 1st. Ball’s dividend payout ratio (DPR) is presently 32.52%.

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.