Evernest Financial Advisors LLC Takes $848,000 Position in Ball Corporation $BALL

Evernest Financial Advisors LLC purchased a new position in shares of Ball Corporation (NYSE:BALL) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,817 shares of the company’s stock, valued at approximately $848,000.

A number of other hedge funds also recently bought and sold shares of the business. MUFG Securities EMEA plc acquired a new position in shares of Ball during the 2nd quarter worth approximately $46,000. SJS Investment Consulting Inc. increased its holdings in shares of Ball by 4,236.8% in the third quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock valued at $42,000 after purchasing an additional 805 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in Ball during the second quarter worth approximately $47,000. Hantz Financial Services Inc. boosted its stake in Ball by 395.9% during the third quarter. Hantz Financial Services Inc. now owns 1,210 shares of the company’s stock worth $61,000 after buying an additional 966 shares during the last quarter. Finally, Intact Investment Management Inc. purchased a new stake in Ball in the 2nd quarter valued at $79,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Insider Activity at Ball

In other news, SVP Kathleen Pitre sold 10,660 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $66.63, for a total transaction of $710,275.80. Following the completion of the transaction, the senior vice president directly owned 36,772 shares in the company, valued at $2,450,118.36. This trade represents a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.57% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BALL. Morgan Stanley set a $66.00 price target on Ball in a report on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Ball in a research report on Monday, December 29th. Mizuho lifted their target price on shares of Ball from $58.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. UBS Group reissued a “neutral” rating and issued a $66.00 price target on shares of Ball in a research note on Wednesday, February 4th. Finally, Citigroup raised their price target on shares of Ball from $67.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $68.46.

Ball Trading Down 1.8%

NYSE BALL opened at $65.25 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.11 and a quick ratio of 0.75. The stock has a market capitalization of $17.36 billion, a P/E ratio of 19.65, a PEG ratio of 1.32 and a beta of 1.10. The firm’s 50-day moving average is $59.77 and its two-hundred day moving average is $53.17. Ball Corporation has a 12 month low of $43.51 and a 12 month high of $68.29.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. Ball had a net margin of 6.93% and a return on equity of 18.12%. The business had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the firm earned $0.84 EPS. The business’s revenue was up 16.2% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. On average, sell-side analysts anticipate that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, March 2nd. Ball’s dividend payout ratio is 24.10%.

Ball Profile

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.