MBL Wealth LLC Purchases 9,174 Shares of Ball Corporation $BALL

MBL Wealth LLC purchased a new position in shares of Ball Corporation (NYSE:BALL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,174 shares of the company’s stock, valued at approximately $514,000.

A number of other large investors also recently modified their holdings of the company. Leonteq Securities AG grew its position in Ball by 3.6% during the 2nd quarter. Leonteq Securities AG now owns 5,415 shares of the company’s stock worth $338,000 after acquiring an additional 188 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Ball by 29.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 863 shares of the company’s stock worth $54,000 after purchasing an additional 198 shares in the last quarter. Parvin Asset Management LLC raised its position in Ball by 19.5% in the first quarter. Parvin Asset Management LLC now owns 1,315 shares of the company’s stock valued at $78,000 after purchasing an additional 215 shares during the last quarter. Evelyn Partners Investment Management LLP raised its position in Ball by 11.3% in the first quarter. Evelyn Partners Investment Management LLP now owns 2,144 shares of the company’s stock valued at $127,000 after purchasing an additional 218 shares during the last quarter. Finally, Cidel Asset Management Inc. raised its position in Ball by 7.2% in the second quarter. Cidel Asset Management Inc. now owns 3,690 shares of the company’s stock valued at $230,000 after purchasing an additional 248 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Ball Stock Down 1.6%

Shares of NYSE:BALL opened at $64.76 on Friday. The firm has a market cap of $17.14 billion, a P/E ratio of 18.35, a P/E/G ratio of 1.30 and a beta of 0.96. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29. The business has a fifty day simple moving average of $60.91 and a 200 day simple moving average of $60.41. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%. The business’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.90 EPS. 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 year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 1st. Ball’s payout ratio is currently 22.66%.

Insider Activity at Ball

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

Analysts Set New Price Targets

Several analysts have recently weighed in on BALL shares. Mizuho set a $72.00 price target on Ball in a report on Wednesday, August 5th. Citigroup lowered shares of Ball from a “buy” rating to a “reduce” rating in a report on Wednesday, August 5th. Wells Fargo & Company cut their target price on shares of Ball from $72.00 to $70.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. JPMorgan Chase & Co. upgraded shares of Ball from a “neutral” rating to an “overweight” rating and set a $65.00 target price on the stock in a research report on Friday, September 18th. Finally, Bank of America boosted 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. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.00.

Ball Profile

Ball Corporation is a global supplier of sustainable aluminum packaging. The company primarily manufactures aluminum beverage cans, bottles and cups used by beer, soft-drink, energy-drink and other beverage companies. Its products are designed to support brand presentation, product protection and recycling throughout the packaging lifecycle.

Ball serves customers across North and South America, Europe and other international markets through a network of manufacturing facilities. The company also develops and markets aluminum packaging products for additional consumer and household applications, including its reusable and recyclable Ball Aluminum Cup.

Founded in 1880 as a manufacturer of glass containers, Ball evolved into a major producer of metal packaging and became particularly known for its aluminum beverage cans.