Wellington Management Group LLP Decreases Stake in Ball Corporation $BALL

Wellington Management Group LLP reduced its holdings in Ball Corporation (NYSE:BALLFree Report) by 6.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,145,513 shares of the company’s stock after selling 78,618 shares during the period. Wellington Management Group LLP’s holdings in Ball were worth $71,480,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new position in shares of Ball during the 3rd quarter valued at about $26,000. Basecamp Wealth Advisors LLC boosted its position in shares of Ball by 135.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock worth $28,000 after purchasing an additional 274 shares during the period. Gilpin Wealth Management LLC acquired a new stake in shares of Ball in the fourth quarter valued at $29,000. Ancora Advisors LLC acquired a new position in Ball in the 2nd quarter valued at about $30,000. Finally, Trust Co. of Vermont purchased a new stake in Ball during the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BALL. Citigroup downgraded Ball from a “buy” rating to a “reduce” rating in a report on Wednesday, August 5th. Royal Bank Of Canada lifted their price target on shares of Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Weiss Ratings raised Ball from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $65.00 target price (up from $60.00) on shares of Ball in a report on Wednesday, August 5th. Finally, Wells Fargo & Company increased their price target on Ball from $71.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Ball presently has a consensus rating of “Moderate Buy” and an average price target of $71.69.

Get Our Latest Stock Report on Ball

Ball Trading Up 0.8%

Shares of BALL stock opened at $63.30 on Thursday. The firm has a 50-day moving average price of $62.90 and a 200 day moving average price of $61.08. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $16.76 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.20 and a beta of 0.95. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29.

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

Ball Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Ball’s dividend payout ratio (DPR) is 22.66%.

Insider Buying and Selling

In other news, SVP Mandy Glew sold 5,626 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total value of $358,938.80. Following the transaction, the senior vice president directly owned 7,209 shares in the company, valued at $459,934.20. This trade represents a 43.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.58% of the stock is owned by corporate insiders.

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.

Further Reading

Want to see what other hedge funds are holding BALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ball Corporation (NYSE:BALLFree Report).

Institutional Ownership by Quarter for Ball (NYSE:BALL)

Receive News & Ratings for Ball Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball and related companies with MarketBeat.com's FREE daily email newsletter.