Ball Corporation $BALL Stake Boosted by Assetmark Inc.

Assetmark Inc. boosted its stake in shares of Ball Corporation (NYSE:BALL) by 34.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,328 shares of the company’s stock after purchasing an additional 27,994 shares during the quarter. Assetmark Inc.’s holdings in Ball were worth $5,512,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. MUFG Securities EMEA plc acquired a new position in shares of Ball in the second quarter worth about $46,000. SJS Investment Consulting Inc. increased its stake in shares of Ball by 4,236.8% in the third quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock worth $42,000 after acquiring an additional 805 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Ball during the second quarter valued at $47,000. IFP Advisors Inc grew its stake in Ball by 103.2% in the second quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock valued at $68,000 after purchasing an additional 580 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in Ball by 395.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,210 shares of the company’s stock worth $61,000 after purchasing an additional 966 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Ball from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Royal Bank Of Canada restated an “outperform” rating on shares of Ball in a research note on Wednesday, February 4th. Robert W. Baird set a $75.00 price target on Ball in a research report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Ball in a report on Monday, December 29th. Finally, UBS Group reiterated a “neutral” rating and issued a $66.00 price target on shares of Ball in a research report on Wednesday, February 4th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ball has a consensus rating of “Moderate Buy” and an average target price of $68.46.

Ball Price Performance

Shares of BALL stock opened at $66.50 on Wednesday. Ball Corporation has a 12 month low of $43.51 and a 12 month high of $68.29. The firm has a market cap of $17.82 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.34 and a beta of 1.13. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 1.26. The stock has a 50-day moving average price of $56.74 and a 200 day moving average price of $52.32.

Ball (NYSE:BALL) last posted its earnings results on Tuesday, February 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Ball had a return on equity of 18.10% and a net margin of 6.93%.The company’s revenue was up 16.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. Research analysts expect that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, March 2nd. Ball’s dividend payout ratio is presently 24.10%.

About Ball

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.