Global Financial Private Client LLC Buys New Stake in Ball Corporation $BALL

Global Financial Private Client LLC purchased a new position in shares of Ball Corporation (NYSE:BALL) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,684 shares of the company’s stock, valued at approximately $513,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank bought a new stake in shares of Ball during the fourth quarter valued at about $178,025,000. Dimensional Fund Advisors LP increased its stake in 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 buying an additional 1,830,434 shares during the period. M&G PLC raised its position in shares of Ball by 242.9% during the 4th quarter. M&G PLC now owns 2,326,812 shares of the company’s stock worth $123,321,000 after buying an additional 1,648,303 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Ball by 1,465.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock worth $73,746,000 after buying an additional 1,230,791 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Ball by 5.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock worth $1,000,429,000 after acquiring an additional 999,690 shares during the period. Institutional investors own 86.51% of the company’s stock.

Key Stories Impacting Ball

Here are the key news stories impacting Ball this week:

• Positive Sentiment: Ball shares were highlighted in a new article as a strong value stock, with the company’s market price still below a cited GF Value estimate, which can support buying interest from value-focused investors. Article Title
• Positive Sentiment: A market recap noted Ball Corp. rose recently and continued to trade near a favorable valuation range, reinforcing the idea that the stock may still have room to re-rate if investors keep rewarding cheaper industrial names. Article Title
• Neutral Sentiment: Several other “ball” headlines were unrelated to Ball Corporation, including stories about soccer balls, a NASA World Cup ball, and Dragon Ball entertainment news, so they are unlikely to affect BALL shares.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Ball in a report on Wednesday, April 1st. They issued a “buy” rating and a $72.00 price objective for the company. Truist Financial upped their target price on Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. UBS Group decreased their price target on Ball from $66.00 to $64.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. JPMorgan Chase & Co. upgraded Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price target on the stock in a research report on Monday, May 18th. Finally, Weiss Ratings cut Ball from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.54.

Ball Price Performance

Shares of NYSE BALL opened at $60.92 on Thursday. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. The firm has a 50-day moving average of $57.99 and a two-hundred day moving average of $58.51. The company has a market capitalization of $16.22 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 1.18 and a beta of 1.01.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.09. Ball had a net margin of 6.86% and a return on equity of 18.69%. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.34 billion. During the same quarter in the previous year, the company posted $0.76 EPS. The business’s revenue was up 16.3% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, analysts expect that Ball Corporation will post 3.99 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, June 1st. Ball’s dividend payout ratio (DPR) is presently 23.12%.

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.