35,619 Ball Corporation $BALL Shares Acquired by Diversify Advisory Services LLC

Key Points

• Diversify Advisory Services increased its Ball stake by 539.1% in the third quarter, acquiring 35,619 shares and bringing its holdings to 42,226 shares valued at approximately $2.37 million.
• Institutional investors own 86.51% of Ball’s outstanding shares, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $71.
• Ball reported quarterly earnings of $1.03 per share, exceeding estimates, while revenue rose 19.7% year over year to $4 billion. The company also paid a quarterly dividend of $0.20 per share, representing a 1.2% yield.

Diversify Advisory Services LLC raised its holdings in Ball Corporation (NYSE:BALL - Free Report) by 539.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,226 shares of the company's stock after buying an additional 35,619 shares during the period. Diversify Advisory Services LLC's holdings in Ball were worth $2,366,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BALL. BlackRock Inc. acquired a new position in shares of Ball during the 2nd quarter worth about $1,310,991,000. Deutsche Bank AG bought a new position in shares of Ball in the 2nd quarter valued at about $163,768,000. Bank of America Corp DE bought a new position in shares of Ball in the 2nd quarter valued at about $160,506,000. Bank of New York Mellon Corp acquired a new stake in shares of Ball in the second quarter valued at about $143,165,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Ball in the second quarter valued at about $96,380,000. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BALL has been the topic of several analyst reports. Royal Bank Of Canada dropped their target price on Ball from $77.00 to $73.00 and set an "outperform" rating on the stock in a report on Tuesday, October 13th. Mizuho set a $72.00 price target on Ball in a research report on Wednesday, August 5th. Citigroup downgraded Ball from a "buy" rating to a "reduce" rating in a research note on Wednesday, August 5th. Weiss Ratings raised Ball from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, October 9th. Finally, JPMorgan Chase & Co. raised Ball from a "neutral" rating to an "overweight" rating and set a $65.00 price target on the stock in a research report on Friday, September 18th. Ten analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Ball presently has an average rating of "Moderate Buy" and an average target price of $71.00.

Insider Buying and Selling

In other Ball news, SVP Mandy Glew sold 5,626 shares of the company's stock in a transaction 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 transaction, the senior vice president directly owned 7,209 shares of the company's stock, valued at $459,934.20. This represents a 43.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.58% of the stock is currently owned by corporate insiders.

Ball Trading Up 2.5%

Shares of NYSE:BALL opened at $65.78 on Friday. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29. The business has a 50 day moving average of $60.85 and a 200-day moving average of $60.38. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13. The stock has a market cap of $17.41 billion, a PE ratio of 18.63, a P/E/G ratio of 1.29 and a beta of 0.96.

Ball (NYSE:BALL - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.04. The company 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 firm's quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities research analysts forecast that Ball Corporation will post 4.01 earnings per share for the current year.

Ball Announces Dividend

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

About Ball

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.

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