Farther Finance boosts its stakes in Ball Corporation by 51.3% amid mixed analyst ratings

In the first quarter of 2025, Farther Finance Advisors LLC increased their holdings in Ball Corporation by 51.3 per cent, owning 1,474 post-purchase shares after purchasing an additional 500 shares in the same timeframe. As per the recent filing with the US Securities and Exchange (SEC), the organisation holds shares worth USD 77,000 in Ball Corporation. 

Based on reports shared by multiple research analysts, Truist Financial, back in April 2022, cut their target price of Ball's shares from USD 65 to USD 58, setting a "buy" rating. On the same note, on April 7, UBS Group lowered its target share price from USD 55 to USD 54, marking it as a "neutral" rating. Additionally, on April 15, Mizuho lowered its share price target from USD 63 to USD 58, setting it as an "outperform" rating. 

On the other hand, on May 7, Wells Fargo & Company increased its share price target from USD 44 to USD 50, lending the company an "underweight" rating. Alongside this, on May 8, the Royal Bank of Canada hiked its price target from USD 62 to USD 63, marking it an "outperform" rating. According to a report by MarketBeat, Ball currently possesses a consensus rating of "Moderate Buy" with an average price target of USD 61. 

On Monday, the firm's share price opened at USD 56.19, representing a 12-month-low of USD 43.51 and a 12-month-high of USD 68.12. Ball's 50-day-moving average was valued at USD 52.35, and the 200-day-moving average stood at USD 52.63. 

At present, the company's stock has a market capitalisation of USD 15.58 billion with a PE ratio of 33.44 and a P/E/G ratio of 1.51 and a beta of 1.08.

Some of the other notable share acquisitions of the 4th quarter: 

• Norges Bank acquires a new stake in Ball in the 4th quarter, valuing it at USD 190,105,000
• Followed by Raymond James Financial Inc. acquiring stake work USD 94,861,000
• London Co. of Virginia elevated its stake by 61.1 per cent, owing a total of 3,054,393 shares valued at USD 168,389,000 besides purchasing an additional 1,158,668 shares
• Invesco Ltd increased their stake by 25.3 per cent, owing 4,159,436 shares valued at USD 229,310,000 besides the additional purchase of 840,357 shares
• Franklin Resources Inc. enlarged its stake by 11.6 per cent, owing 7,758,6.4 shares valuing USD 427,732,000 besides an additional purchase of 803,728 shares 

A recent report by MarketBeat states Hemenway Trust Co. LLC reduced its position in the first quarter in Ball Corporation by 41.3 per cent, holding 166,741 shares after selling 117,480 shares in the same timeframe.