Franklin Resources Inc. lowered its stake in Ball Corporation (NYSE:BALL – Free Report) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,121,910 shares of the company’s stock after selling 522,607 shares during the quarter. Franklin Resources Inc. owned about 1.91% of Ball worth $271,308,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. GoalVest Advisory LLC purchased a new stake in Ball in the 4th quarter worth $25,000. Board of the Pension Protection Fund bought a new stake in shares of Ball in the 4th quarter worth about $26,000. Triumph Capital Management bought a new stake in shares of Ball in the 3rd quarter worth about $26,000. Harbour Investments Inc. increased its holdings in shares of Ball by 44.1% in the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after buying an additional 222 shares during the last quarter. Finally, Trust Co. of Vermont increased its holdings in shares of Ball by 297.0% in the 4th quarter. Trust Co. of Vermont now owns 802 shares of the company’s stock worth $42,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on BALL shares. Truist Financial boosted their target price on shares of Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft started coverage on shares of Ball in a report on Wednesday, April 1st. They issued a “buy” rating and a $72.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Weiss Ratings downgraded shares of Ball from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Finally, Citigroup reduced their target price on shares of Ball from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Ten research 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, Ball has a consensus rating of “Moderate Buy” and a consensus price target of $69.54.
Ball Stock Performance
Shares of NYSE:BALL opened at $54.12 on Wednesday. The company has a market capitalization of $14.41 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 1.03 and a beta of 1.01. Ball Corporation has a 12 month low of $44.83 and a 12 month high of $68.29. The firm’s 50-day moving average is $58.60 and its 200 day moving average is $57.82. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25.
Ball (NYSE:BALL – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.85 by $0.09. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.34 billion. Ball had a net margin of 6.86% and a return on equity of 18.69%. The firm’s revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Research analysts predict that Ball Corporation will post 3.99 EPS for the current year.
Ball Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors 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 yield of 1.5%. The ex-dividend date is Monday, June 1st. Ball’s dividend payout ratio 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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