Sagespring Wealth Partners LLC Has $591,000 Stock Position in Ball Corporation $BALL

Sagespring Wealth Partners LLC lowered its holdings in shares of Ball Corporation (NYSE:BALL) by 5.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,536 shares of the company’s stock after selling 633 shares during the period. Sagespring Wealth Partners LLC’s holdings in Ball were worth $591,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. NorthRock Partners LLC raised its holdings in shares of Ball by 45.3% during the 2nd quarter. NorthRock Partners LLC now owns 5,941 shares of the company’s stock worth $333,000 after buying an additional 1,852 shares in the last quarter. CWM LLC raised its holdings in shares of Ball by 115.4% during the 2nd quarter. CWM LLC now owns 59,075 shares of the company’s stock worth $3,314,000 after buying an additional 31,648 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Ball by 7.3% during the 2nd quarter. Apollon Wealth Management LLC now owns 4,979 shares of the company’s stock worth $279,000 after buying an additional 339 shares in the last quarter. Hemington Wealth Management raised its holdings in shares of Ball by 786.1% during the 2nd quarter. Hemington Wealth Management now owns 1,790 shares of the company’s stock worth $100,000 after buying an additional 1,588 shares in the last quarter. Finally, Lester Murray Antman dba SimplyRich acquired a new position in shares of Ball during the 2nd quarter worth $266,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Insider Activity at Ball

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

Ball Trading Up 1.1%

NYSE BALL opened at $48.06 on Friday. The business’s 50-day moving average price is $50.69 and its two-hundred day moving average price is $52.69. Ball Corporation has a 12 month low of $43.51 and a 12 month high of $67.84. The firm has a market capitalization of $13.08 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 1.09 and a beta of 1.09. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23.

Ball (NYSE:BALL) last released 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. 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 analyst estimates of $3.10 billion. During the same quarter in the previous year, the company posted $0.74 EPS. The business’s revenue was up 12.8% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, analysts expect that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

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

Analyst Upgrades and Downgrades

BALL has been the subject of a number of research analyst reports. Truist Financial lowered their price target on Ball from $69.00 to $65.00 and set a “buy” rating for the company in a report on Monday. Mizuho reduced their price objective on Ball from $68.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. UBS Group reduced their price objective on Ball from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Raymond James Financial assumed coverage on Ball in a research report on Wednesday. They set a “market perform” rating on the stock. Finally, Royal Bank Of Canada boosted their price objective on Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.36.

About Ball

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.