Cannell & Spears LLC Trims Position in Ball Corporation $BALL

Cannell & Spears LLC decreased its holdings in shares of Ball Corporation (NYSE:BALL) by 7.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 165,357 shares of the company’s stock after selling 12,857 shares during the quarter. Cannell & Spears LLC owned about 0.06% of Ball worth $8,337,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Ball by 41.2% in the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock valued at $289,000 after buying an additional 1,531 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Ball by 402.8% during the 1st quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock worth $4,356,000 after acquiring an additional 67,289 shares during the period. Empowered Funds LLC lifted its holdings in shares of Ball by 10.6% during the 1st quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock worth $321,000 after acquiring an additional 590 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Ball in the second quarter worth approximately $453,000. Finally, ProShare Advisors LLC boosted its position in shares of Ball by 3.9% in the second quarter. ProShare Advisors LLC now owns 56,168 shares of the company’s stock worth $3,150,000 after acquiring an additional 2,090 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BALL shares. JPMorgan Chase & Co. increased their price target on shares of Ball from $50.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Robert W. Baird set a $75.00 price objective on shares of Ball in a research note on Wednesday, February 4th. UBS Group restated a “neutral” rating and set a $66.00 price objective on shares of Ball in a report on Wednesday, February 4th. Bank of America raised Ball from a “neutral” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Monday, November 17th. Finally, Truist Financial lifted their target price on Ball from $69.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.46.

Ball Trading Up 0.8%

NYSE BALL opened at $62.20 on Friday. The firm has a market capitalization of $16.55 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.24 and a beta of 1.10. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.75 and a current ratio of 1.11. Ball Corporation has a one year low of $43.51 and a one year high of $68.29. The company’s 50 day moving average price is $61.31 and its 200 day moving average price is $53.70.

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.01. Ball had a net margin of 6.93% and a return on equity of 18.12%. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the firm earned $0.84 earnings per share. Ball’s revenue for the quarter was up 16.2% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. On average, sell-side analysts predict that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, March 2nd. Ball’s dividend payout ratio is 24.10%.

Insider Buying and Selling at Ball

In other Ball news, SVP Kathleen Pitre sold 10,660 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $66.63, for a total transaction of $710,275.80. Following the transaction, the senior vice president owned 36,772 shares in the company, valued at $2,450,118.36. The trade was a 22.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Fauze Villatoro bought 1,551 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was bought at an average cost of $64.51 per share, with a total value of $100,055.01. Following the transaction, the senior vice president directly owned 13,778 shares of the company’s stock, valued at approximately $888,818.78. This trade represents a 12.69% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.81% of the stock is currently owned by corporate insiders.

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.