Corient Private Wealth LP Acquires Shares of 206,761 Ball Corporation $BALL

Corient Private Wealth LP purchased a new stake in Ball Corporation (NYSE:BALL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 206,761 shares of the company’s stock, valued at approximately $12,902,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BALL. Independent Advisor Alliance boosted its stake in shares of Ball by 276.5% in the 4th quarter. Independent Advisor Alliance now owns 35,654 shares of the company’s stock worth $1,889,000 after buying an additional 26,184 shares during the last quarter. Mizuho Markets Cayman LP bought a new position in shares of Ball in the fourth quarter worth approximately $26,485,000. International Assets Investment Management LLC bought a new position in shares of Ball in the 4th quarter worth $4,349,000. Swiss Life Asset Management Ltd raised its position in shares of Ball by 70.0% during the 4th quarter. Swiss Life Asset Management Ltd now owns 86,787 shares of the company’s stock valued at $4,597,000 after buying an additional 35,749 shares in the last quarter. Finally, AMG National Trust Bank purchased a new stake in shares of Ball during the 2nd quarter valued at $76,377,000. 86.51% of the stock is owned by institutional investors.

Ball Stock Up 0.5%

NYSE:BALL opened at $63.69 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.66 and a current ratio of 1.07. The firm has a market cap of $16.86 billion, a P/E ratio of 18.04, a P/E/G ratio of 1.22 and a beta of 0.98. Ball Corporation has a fifty-two week low of $44.83 and a fifty-two week high of $68.29. The firm has a 50-day simple moving average of $62.71 and a two-hundred day simple moving average of $61.21.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share (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 firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the firm posted $0.90 earnings per share. The business’s revenue was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. Analysts predict that Ball Corporation will post 4.01 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.20 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. Ball’s payout ratio is currently 22.66%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BALL. Weiss Ratings upgraded Ball from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $65.00 target price (up from $60.00) on shares of Ball in a 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 report on Tuesday, July 14th. Truist Financial set a $78.00 price objective on shares of Ball in a research report on Wednesday, August 5th. Finally, Mizuho set a $72.00 price objective on shares of Ball in a report on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.69.

Insider Activity

In related news, SVP Mandy Glew sold 5,626 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total transaction of $358,938.80. Following the sale, the senior vice president directly owned 7,209 shares of the company’s stock, valued at $459,934.20. This trade represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.58% of the stock is currently owned by insiders.

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.