7,883 Shares in Ball Corporation $BALL Purchased by Callan Family Office LLC

Callan Family Office LLC bought a new position in shares of Ball Corporation (NYSE:BALL) during the 2nd quarter, HoldingsChannel reports. The firm bought 7,883 shares of the company’s stock, valued at approximately $492,000.

A number of other institutional investors have also added to or reduced their stakes in BALL. BlackRock Inc. bought a new position in shares of Ball during the 2nd quarter worth approximately $1,310,991,000. Norges Bank purchased a new position in Ball in the fourth quarter worth $178,025,000. Deutsche Bank AG acquired a new position in shares of Ball during the second quarter worth $163,768,000. Bank of New York Mellon Corp acquired a new position in shares of Ball during the second quarter worth $143,165,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Ball by 47.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,658,732 shares of the company’s stock valued at $299,749,000 after purchasing an additional 1,830,434 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BALL shares. Bank of America raised their price objective on Ball from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. 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. Royal Bank Of Canada raised their price target on Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Wells Fargo & Company boosted their price target on Ball from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Finally, UBS Group upped their price objective on shares of Ball from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.69.

Ball Trading Down 0.4%

NYSE:BALL opened at $64.16 on Wednesday. The company has a market capitalization of $16.98 billion, a P/E ratio of 18.17, a PEG ratio of 1.24 and a beta of 0.98. 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 12 month low of $44.83 and a 12 month high of $68.29. The firm has a fifty day simple moving average of $62.35 and a 200-day simple moving average of $61.23.

Ball (NYSE:BALL) last released its 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. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%.The firm’s revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. On average, equities research analysts anticipate that Ball Corporation will post 4.01 earnings per share for the current year.

Ball Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Ball’s payout ratio is presently 22.66%.

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.