KBC Group NV trimmed its holdings in shares of Ball Corporation (NYSE:BALL – Free Report) by 31.3% in the first quarter, Holdings Channel.com reports. The fund owned 59,929 shares of the company’s stock after selling 27,282 shares during the quarter. KBC Group NV’s holdings in Ball were worth $3,543,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Ball during the fourth quarter worth about $178,025,000. Dimensional Fund Advisors LP boosted its holdings in Ball by 47.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,658,732 shares of the company’s stock valued at $299,749,000 after purchasing an additional 1,830,434 shares in the last quarter. M&G PLC grew its stake in shares of Ball by 242.9% in the 4th quarter. M&G PLC now owns 2,326,812 shares of the company’s stock valued at $123,321,000 after purchasing an additional 1,648,303 shares during the period. AQR Capital Management LLC grew its stake in shares of Ball by 1,465.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock valued at $73,746,000 after purchasing an additional 1,230,791 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Ball by 5.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock worth $1,000,429,000 after buying an additional 999,690 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently commented on BALL shares. Deutsche Bank Aktiengesellschaft began coverage on Ball in a research note on Wednesday, April 1st. They issued a “buy” rating and a $72.00 price target on the stock. Citigroup dropped their price objective on Ball from $73.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Weiss Ratings raised Ball from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. 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, Royal Bank Of Canada upped their target price on shares of Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.85.
Ball Stock Performance
NYSE:BALL opened at $63.84 on Friday. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29. The firm has a 50 day moving average of $58.74 and a 200-day moving average of $60.11. 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 stock has a market capitalization of $17.00 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 1.22 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 EPS for the quarter, topping the consensus estimate of $0.85 by $0.09. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.34 billion. Ball had a return on equity of 18.69% and a net margin of 6.86%.Ball’s revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, sell-side analysts anticipate that Ball Corporation will post 3.99 EPS for the current fiscal year.
Ball Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. Ball’s payout ratio is currently 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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