UBS Group AG trimmed its position in Ball Corporation (NYSE:BALL – Free Report) by 20.8% during the 4th quarter, HoldingsChannel reports. The firm owned 980,027 shares of the company’s stock after selling 257,969 shares during the period. UBS Group AG’s holdings in Ball were worth $51,912,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also bought and sold shares of BALL. AQR Capital Management LLC boosted its position in Ball by 1,465.3% in the second quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock worth $73,746,000 after purchasing an additional 1,230,791 shares during the last quarter. Man Group plc boosted its position in Ball by 141.3% in the third quarter. Man Group plc now owns 1,248,500 shares of the company’s stock worth $62,949,000 after purchasing an additional 731,076 shares during the last quarter. Bank of America Corp DE boosted its position in Ball by 55.1% in the second quarter. Bank of America Corp DE now owns 2,055,094 shares of the company’s stock worth $115,270,000 after purchasing an additional 730,462 shares during the last quarter. Invesco Ltd. lifted its position in Ball by 14.9% during the third quarter. Invesco Ltd. now owns 4,651,348 shares of the company’s stock valued at $234,521,000 after purchasing an additional 602,137 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Ball by 13.5% during the third quarter. Dimensional Fund Advisors LP now owns 3,828,298 shares of the company’s stock valued at $193,003,000 after purchasing an additional 455,089 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on BALL. Truist Financial lifted their target price on Ball from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Morgan Stanley set a $66.00 target price on Ball in a research report on Wednesday, February 4th. Raymond James Financial set a $73.00 target price on Ball and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Robert W. Baird set a $75.00 target price on Ball in a research report on Wednesday, February 4th. Finally, Jefferies Financial Group lifted their target price on Ball from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Ball presently has an average rating of “Moderate Buy” and a consensus price target of $69.33.
Insider Activity at Ball
In other news, SVP Kathleen Pitre sold 10,660 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $66.63, for a total transaction of $710,275.80. Following the sale, the senior vice president directly owned 36,772 shares of the company’s stock, valued at $2,450,118.36. This represents a 22.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Fauze Villatoro acquired 1,551 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were purchased at an average cost of $64.51 per share, for a total transaction of $100,055.01. Following the completion of the acquisition, the senior vice president directly owned 13,778 shares in the company, valued at approximately $888,818.78. This represents a 12.69% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.58% of the stock is owned by corporate insiders.
Ball Trading Down 6.3%
Shares of Ball stock opened at $57.12 on Wednesday. The firm has a market cap of $15.20 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 1.22 and a beta of 1.06. The business has a 50-day moving average price of $61.97 and a 200-day moving average price of $56.49. The company has a quick ratio of 0.75, a current ratio of 1.11 and a debt-to-equity ratio of 1.29. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29.
Ball (NYSE:BALL – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.34 billion. Ball had a return on equity of 18.12% and a net margin of 6.93%.The business’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. Equities research analysts anticipate that Ball Corporation will post 3.95 EPS for the current fiscal year.
Ball Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, June 1st. Ball’s dividend payout ratio is 24.10%.
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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