Invst LLC Buys New Holdings in Ball Corporation $BALL

Invst LLC purchased a new position in shares of Ball Corporation (NYSE:BALL) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 11,788 shares of the company’s stock, valued at approximately $736,000.

A number of other institutional investors have also recently bought and sold shares of BALL. Meridian Wealth Management LLC lifted its position in shares of Ball by 2.7% in the fourth quarter. Meridian Wealth Management LLC now owns 6,295 shares of the company’s stock valued at $333,000 after buying an additional 165 shares during the last quarter. Leonteq Securities AG boosted its stake in shares of Ball by 3.6% during the 2nd quarter. Leonteq Securities AG now owns 5,415 shares of the company’s stock worth $338,000 after acquiring an additional 188 shares during the period. Western Wealth Management LLC increased its holdings in shares of Ball by 3.2% during the 4th quarter. Western Wealth Management LLC now owns 6,752 shares of the company’s stock worth $358,000 after acquiring an additional 208 shares during the last quarter. Parvin Asset Management LLC increased its holdings in shares of Ball by 19.5% during the 1st quarter. Parvin Asset Management LLC now owns 1,315 shares of the company’s stock worth $78,000 after acquiring an additional 215 shares during the last quarter. Finally, Evelyn Partners Investment Management LLP raised its stake in Ball by 11.3% in the 1st quarter. Evelyn Partners Investment Management LLP now owns 2,144 shares of the company’s stock valued at $127,000 after acquiring an additional 218 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Citigroup cut shares of Ball from a “buy” rating to a “reduce” rating in a research report on Wednesday, August 5th. Mizuho set a $72.00 price objective on shares of Ball in a research report on Wednesday, August 5th. Bank of America raised their target price on shares of Ball from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. UBS Group lifted their target price on shares of Ball from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $65.00 price target (up from $60.00) on shares of Ball in a research note on Wednesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.69.

Ball Stock Performance

NYSE:BALL opened at $64.16 on Wednesday. The stock has a market cap of $16.98 billion, a P/E ratio of 18.17, a PEG ratio of 1.24 and a beta of 0.98. The stock has a 50 day simple moving average of $62.35 and a 200 day simple moving average of $61.23. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. Ball had a return on equity of 18.76% and a net margin of 6.61%.The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the previous year, the company posted $0.90 EPS. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. Research analysts anticipate that Ball Corporation will post 4.01 earnings per share for the current year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Ball’s payout ratio is presently 22.66%.

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.