Mosaic Family Wealth Partners LLC grew its holdings in Ball Corporation (NYSE:BALL – Free Report) by 7.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,020 shares of the company’s stock after buying an additional 8,209 shares during the period. Ball accounts for about 0.7% of Mosaic Family Wealth Partners LLC’s holdings, making the stock its 19th biggest holding. Mosaic Family Wealth Partners LLC’s holdings in Ball were worth $6,622,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. GoalVest Advisory LLC acquired a new position in shares of Ball during the 4th quarter worth approximately $25,000. Triumph Capital Management purchased a new position in Ball during the third quarter worth approximately $26,000. Board of the Pension Protection Fund purchased a new position in Ball during the fourth quarter worth approximately $26,000. Gilpin Wealth Management LLC acquired a new position in Ball during the fourth quarter worth $29,000. Finally, Harbour Investments Inc. grew its holdings in Ball by 44.1% in the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock valued at $38,000 after buying an additional 222 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
BALL has been the topic of several analyst reports. Royal Bank Of Canada lifted their price target on Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday. Wells Fargo & Company upped their price objective on shares of Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Citigroup cut their price objective on shares of Ball from $73.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday. UBS Group reduced their target price on shares of Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Finally, Weiss Ratings upgraded shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.92.
Ball Stock Up 1.2%
Shares of BALL opened at $61.00 on Friday. The company’s 50-day moving average price is $57.83 and its 200 day moving average price is $59.43. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. The firm has a market cap of $16.24 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 1.18 and a beta of 0.98.
Ball (NYSE:BALL – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.09. Ball had a net margin of 6.86% and a return on equity of 18.69%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.34 billion. During the same quarter last year, the firm posted $0.76 earnings per share. Ball’s revenue was up 16.3% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. On average, sell-side analysts forecast that Ball Corporation will post 3.99 earnings per share for the current year.
Ball Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. Ball’s dividend payout ratio (DPR) is presently 23.12%.
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.
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