Endeavor Private Wealth Inc. Invests $583,000 in Ball Corporation $BALL

Endeavor Private Wealth Inc. acquired a new stake in Ball Corporation (NYSE:BALL) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,557 shares of the company’s stock, valued at approximately $583,000.

A number of other hedge funds have also bought and sold shares of BALL. EP Wealth Advisors LLC boosted its position in Ball by 4.9% during the first quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock valued at $228,000 after acquiring an additional 205 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Ball by 48.3% in the 2nd quarter. Nordea Investment Management AB now owns 72,657 shares of the company’s stock worth $4,074,000 after acquiring an additional 23,657 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Ball by 4.8% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 254,445 shares of the company’s stock valued at $14,272,000 after purchasing an additional 11,731 shares during the period. American Century Companies Inc. boosted its position in shares of Ball by 12.8% during the 2nd quarter. American Century Companies Inc. now owns 565,575 shares of the company’s stock valued at $31,723,000 after purchasing an additional 63,975 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Ball by 7.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,111,813 shares of the company’s stock valued at $118,452,000 after purchasing an additional 152,441 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Price Performance

Shares of BALL opened at $53.35 on Friday. The business’s fifty day moving average is $49.56 and its 200 day moving average is $52.00. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $60.28. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 1.26. The stock has a market cap of $14.30 billion, a P/E ratio of 21.69, a P/E/G ratio of 1.01 and a beta of 1.14.

Ball (NYSE:BALL) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $1.02 EPS for the quarter, meeting analysts’ consensus estimates of $1.02. Ball had a net margin of 5.36% and a return on equity of 17.89%. The business had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the business posted $0.91 EPS. Ball’s quarterly revenue was up 9.6% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Sell-side analysts anticipate that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.80 annualized dividend and a yield of 1.5%. Ball’s dividend payout ratio (DPR) is presently 32.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BALL shares. UBS Group lowered their target price on Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ball in a research note on Monday, December 29th. Bank of America upgraded shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Monday, November 17th. Wells Fargo & Company reduced their price target on shares of Ball from $54.00 to $48.00 and set an “underweight” rating for the company in a report on Wednesday, October 15th. Finally, Truist Financial decreased their price target on shares of Ball from $69.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Ball presently has a consensus rating of “Hold” and a consensus target price of $60.92.

About Ball

Ball Corporation is a leading provider of sustainable aluminum packaging solutions and advanced aerospace technologies. Headquartered in Broomfield, Colorado, the company serves customers in the beverage, food and aerosol markets through a global network of manufacturing facilities. With an emphasis on sustainability and innovation, Ball designs and produces metal cans, bottles and ends that support recycling and reduce environmental impact.

The company’s packaging segment specializes in beverage cans for soft drinks, beer and energy drinks, as well as metal packaging for food and personal care applications.