Saudi Central Bank Buys 8,302 Shares of Ball Corporation $BALL

Saudi Central Bank grew its stake in shares of Ball Corporation (NYSE:BALL) by 88.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 17,699 shares of the company’s stock after buying an additional 8,302 shares during the period. Saudi Central Bank’s holdings in Ball were worth $1,104,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in BALL. Basecamp Wealth Advisors LLC increased its stake in Ball by 135.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $28,000 after acquiring an additional 274 shares during the period. Ancora Advisors LLC bought a new stake in shares of Ball during the second quarter valued at approximately $30,000. Triumph Capital Management acquired a new position in shares of Ball in the third quarter valued at $26,000. Gilpin Wealth Management LLC acquired a new position in shares of Ball in the fourth quarter valued at $29,000. Finally, Trust Co. of Vermont bought a new position in Ball in the second quarter worth $37,000. Institutional investors own 86.51% of the company’s stock.

Ball Stock Down 1.2%

Shares of NYSE:BALL opened at $60.26 on Thursday. Ball Corporation has a 52 week low of $44.83 and a 52 week high of $68.29. 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 company’s fifty day moving average is $62.90 and its 200-day moving average is $60.91. The company has a market capitalization of $15.95 billion, a PE ratio of 17.07, a P/E/G ratio of 1.17 and a beta of 0.95.

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

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. Ball’s dividend payout ratio (DPR) is presently 22.66%.

Insider Activity

In other news, SVP Mandy Glew sold 5,626 shares of Ball stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total value of $358,938.80. Following the completion of the transaction, the senior vice president owned 7,209 shares in the company, valued at approximately $459,934.20. The trade was a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BALL. Bank of America boosted their price target on shares of Ball from $70.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. UBS Group raised their price objective on shares of Ball from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. Citigroup cut shares of Ball from a “buy” rating to a “reduce” rating in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company raised their price target on shares of Ball from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Eight investment 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.69.

About Ball

Ball Corporation (NYSE: BALL) is a global manufacturer of sustainable aluminum packaging products. The company primarily serves the beverage, personal care and household-product industries, producing aluminum beverage cans, bottles, aerosol containers and related packaging solutions. Its products are used by brand owners and manufacturers across a range of consumer markets.

Founded in 1880 as a manufacturer of glass containers, Ball gradually transitioned toward metal packaging and became best known for its aluminum beverage-can business.