A strategic partnership has recently assumed that Landscape Capital Management LLC, an investment management company, took on a brand new position in the shares of the Ball Corporation in the first quarter, which was reflected in most of the entries carried out at Securities & Exchange Commission. The acquisition contained 15,423 shares of the company, which are estimated in the current trading session with $ 803,000.
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Several major investors have recently changed their positions in the company. It is important that Cary Street Partners Investment Advisory LLC acquired a new participation in the company for around USD 32,000 in the first quarter.
External participation
The strengthening of families and communities LLC has expanded its position in the company by 72.4 percent in the first quarter. The company now has 707 stocks worth $ 37,000 after it had bought another 297 shares in the quarter. SVB WEALTH LLC initiated a new position in the organization in the first quarter and acquired shares worth around $ 39,000.
Whipplewood Advisors LLC significantly increased its participation in the company in the first quarter and increased its share by 764.9 percent. It currently holds 813 shares with a value of $ 42,000 after the additional 719 shares were bought in the quarter.
Federated Hermes Inc. increased its own share of 40.4 percent in the first quarter and now holds 1,311 shares with a total value of USD 68,000 after 377 shares were bought in the quarter. In total, institutional investors and hedge funds have 86.51 percent of the company's shares.
Internal participation
On August 28, the chairman Daniel William Fisher sold 3,400 shares of the company and hired around $ 175,270 with an average price of $ 51.55 per share. After the sale, Fisher still holds 10,036 shares worth around 517,355.80. This step lowers its share by about 25.31 percent. The reduction signals a remarkable shift in its personal stocks. Corporate insiders currently hold 0.81 percent of the company's shares.
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Stock price movement
In Ball's shares, a modest increase of $ 0.22 was accepted on Friday and $ 50.64 closed. The trading volume was only 430,513 shares, which is noticeably below the average daily volume of 2.6 million. The company currently has a market capitalization of $ 13.78 billion with a price-performance ratio of 26.26, a P/E/G ratio of 1.14 and a beta of 1.06, which indicates a rather average risk compared to the market.
In the liquidity front, the rapid ratio of the company is 0.67 and its current ratio is 1.00. The debt ratio is 1.23, which reflects a relatively levered position. Last year, the company's shares traded between $ 43.51 and $ 68.12. The sliding 50-day average is $ 55.76, while the sliding 200-day average of $ 53.17, which means that the share is currently under both benchmarks.
In addition, the company reported its most recent quarterly results on August 5. The profit per share was $ 0.90, whereby the estimates of the analysts of $ 0.87 exceeded. The turnover reached $ 3.34 billion, which not only exceeded a projection of $ 3.10 billion, but also corresponds to an increase of 12.8 percent compared to the previous year.
The company achieved a net margin of 4.49 percent and an equity return of 16.81 percent. The comparable quarter of last year recorded an EPS of $ 0.74 per share. In the future, the company's own guidelines for the 2025 financial year will set the expected EPS worth 3.55 USD to USD 3.65. Analysts, on the other hand, are somewhat more conservative and demand a total year of USD 3.48.
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Dividend announcement
The company has announced a quarterly dividend of $ 0.20 per share. The payment date is set for September 16 and the shareholders must be recorded by September 2 to qualify, the same date for the ex dividend cutoff.
Every year there is 0.80 per share annually, which leads to a return of 1.6 percent. The company's dividend distribution rate is currently 41.45 percent, which indicates a balanced approach between the reward of shareholders and maintaining results for future initiatives.
Analysts look at each other
Wells Fargo divided its price target of $ 50 from $ 50 until July 18 into USD. The Bank of America remained “neutral” and made its goal easy to USD 66, from July 9, 67, while UBS Group also described it as “neutral”.
The Citigroup increased its price target to USD 63, from USD 55 on July 3 and also marked a “neutral” outlook. Truist Financial took a more optimistic attitude on July 11th and increased its goal to $ 69, compared to $ 62 and received a “purchase”. Six analysts say “Buy”, four stay with “Hold” and only one is on the “Sales” page. The company is rated as a “hold” overall, with an average price target of USD 65.27.
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