Pictet Asset Management Holding SA Cuts Stock Position in Ball Corporation $BALL

Pictet Asset Management Holding SA decreased its position in shares of Ball Corporation (NYSE:BALL) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,342 shares of the company’s stock after selling 10,114 shares during the period. Pictet Asset Management Holding SA owned about 0.05% of Ball worth $8,882,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Ball by 41.2% during the fourth quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock worth $289,000 after purchasing an additional 1,531 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Ball by 402.8% in the first quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock valued at $4,356,000 after purchasing an additional 67,289 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Ball by 10.6% in the first quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock valued at $321,000 after purchasing an additional 590 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Ball during the 2nd quarter worth approximately $453,000. Finally, Jump Financial LLC purchased a new stake in Ball during the 2nd quarter worth approximately $696,000. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on BALL. Mizuho set a $72.00 price target on shares of Ball in a research report on Wednesday, August 5th. Royal Bank Of Canada upped their price objective on Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Bank of America increased their price objective on Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. reiterated 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, UBS Group boosted their target price on Ball from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Eight 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $71.69.

Ball Stock Down 0.1%

Shares of NYSE:BALL opened at $61.85 on Friday. Ball Corporation has a fifty-two week low of $44.83 and a fifty-two week high of $68.29. The firm’s 50 day moving average price is $61.35 and its 200 day moving average price is $60.99. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13. The stock has a market cap of $16.37 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 1.19 and a beta of 0.98.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.99 by $0.04. Ball had a net margin of 6.61% and a return on equity of 18.76%. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the business posted $0.90 EPS. The firm’s revenue was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities research analysts predict that Ball Corporation will post 4.02 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 paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. Ball’s payout ratio is presently 22.66%.

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.