Man Group plc Acquires Shares of 243,874 Ball Corporation $BALL

Man Group plc acquired a new stake in Ball Corporation (NYSE:BALLFree Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 243,874 shares of the company’s stock, valued at approximately $15,218,000. Man Group plc owned 0.09% of Ball at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BALL. Basecamp Wealth Advisors LLC grew its position in Ball by 135.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $28,000 after acquiring an additional 274 shares during the period. Ancora Advisors LLC acquired a new position in Ball during the second quarter worth $30,000. Triumph Capital Management bought a new position in shares of Ball during the third quarter valued at $26,000. Gilpin Wealth Management LLC bought a new position in shares of Ball during the fourth quarter valued at $29,000. Finally, Trust Co. of Vermont acquired a new stake in shares of Ball in the 2nd quarter valued at $37,000. 86.51% of the stock is owned by institutional investors and hedge funds.

Ball Price Performance

Shares of BALL stock opened at $63.43 on Friday. Ball Corporation has a 52 week low of $44.83 and a 52 week high of $68.29. The stock has a market capitalization of $16.79 billion, a PE ratio of 17.97, a PEG ratio of 1.23 and a beta of 0.98. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.66 and a current ratio of 1.07. The stock’s fifty day moving average is $62.59 and its 200-day moving average is $61.19.

Ball (NYSE:BALLGet Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%.The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. Equities research analysts expect that Ball Corporation will post 4.01 EPS for the current fiscal year.

Ball Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. Ball’s payout ratio is currently 22.66%.

Insider Activity

In other news, SVP Mandy Glew sold 5,626 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total transaction of $358,938.80. Following the sale, the senior vice president directly owned 7,209 shares of the company’s stock, valued at $459,934.20. This represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. UBS Group upped their target price on shares of Ball from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Mizuho set a $72.00 price target on shares of Ball in a report on Wednesday, August 5th. Bank of America boosted their price target on shares of Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Truist Financial set a $78.00 price objective on shares of Ball in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $65.00 price objective (up from $60.00) on shares of Ball in a report on Wednesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.69.

Read Our Latest Analysis on BALL

Ball Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Ball (NYSE:BALL)

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