JPMorgan Chase & Co. Has $393.45 Million Stock Holdings in Ball Corporation $BALL

JPMorgan Chase & Co. cut its holdings in Ball Corporation (NYSE:BALL) by 5.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 7,803,482 shares of the company’s stock after selling 406,578 shares during the quarter. JPMorgan Chase & Co.’s holdings in Ball were worth $393,452,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of BALL. SJS Investment Consulting Inc. grew its position in shares of Ball by 4,236.8% during the 3rd quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock worth $42,000 after purchasing an additional 805 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in Ball during the second quarter worth approximately $46,000. CYBER HORNET ETFs LLC bought a new position in Ball during the 2nd quarter worth $47,000. Hantz Financial Services Inc. raised its holdings in Ball by 395.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,210 shares of the company’s stock valued at $61,000 after acquiring an additional 966 shares in the last quarter. Finally, True Wealth Design LLC lifted its position in shares of Ball by 17.6% during the 3rd quarter. True Wealth Design LLC now owns 1,438 shares of the company’s stock valued at $73,000 after acquiring an additional 215 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BALL. Weiss Ratings restated a “hold (c)” rating on shares of Ball in a research report on Monday, December 29th. Wells Fargo & Company raised their target price on shares of Ball from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Mizuho boosted their target price on shares of Ball from $58.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Truist Financial increased their price target on shares of Ball from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Ball from $50.00 to $60.00 and gave the company a “neutral” rating in a research note 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $68.46.

Ball Trading Down 0.4%

BALL opened at $66.30 on Thursday. The company has a market cap of $17.77 billion, a P/E ratio of 19.97, a PEG ratio of 1.32 and a beta of 1.13. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 1.26. The company’s 50 day moving average is $57.11 and its 200-day moving average is $52.41. Ball Corporation has a 1-year low of $43.51 and a 1-year high of $68.29.

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 analysts’ consensus estimates of $0.90 by $0.01. Ball had a net margin of 6.93% and a return on equity of 18.10%. The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same period in the prior year, the company earned $0.84 EPS. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Equities research analysts predict that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

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

Ball Company 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.