UMB Bank n.a. Grows Position in Ball Corporation $BALL

UMB Bank n.a. lifted its holdings in Ball Corporation (NYSE:BALL) by 336.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,337 shares of the company’s stock after buying an additional 1,031 shares during the period. UMB Bank n.a.’s holdings in Ball were worth $75,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Cary Street Partners Investment Advisory LLC purchased a new position in Ball in the 1st quarter worth approximately $32,000. Strengthening Families & Communities LLC increased its holdings in shares of 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 purchased a new position in Ball during the first quarter worth approximately $39,000. Whipplewood Advisors LLC boosted its stake in Ball by 764.9% during the first quarter. Whipplewood Advisors LLC now owns 813 shares of the company’s stock worth $42,000 after buying an additional 719 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in 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 buying an additional 377 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group lifted their price target on Ball from $54.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, July 9th. Wells Fargo & Company lifted their target price on shares of Ball from $50.00 to $54.00 and gave the stock an “underweight” rating in a research note on Friday, July 18th. Royal Bank Of Canada increased their price target on shares of Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Bank of America restated a “neutral” rating and set a $66.00 price target (down previously from $67.00) on shares of Ball in a 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 report on Friday, July 11th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Ball has an average rating of “Hold” and a consensus target price of $65.27.

Ball Price Performance

Shares of BALL opened at $48.48 on Friday. The firm has a 50-day simple moving average of $53.27 and a two-hundred day simple moving average of $52.96. The stock has a market cap of $13.19 billion, a PE ratio of 25.12, a P/E/G ratio of 1.11 and a beta of 1.06. Ball Corporation has a 1-year low of $43.51 and a 1-year 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.

Ball (NYSE:BALL) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. Ball had a net margin of 4.49% and a return on equity of 16.81%. The firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the company posted $0.74 EPS. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, analysts forecast that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

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

Insider Activity

In related news, Chairman Daniel William Fisher sold 3,400 shares of the stock in a transaction dated 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. This represents a 25.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

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.