523,920 Shares in Ball Corporation $BALL Bought by Bank of Nova Scotia

Key Points

• Bank of Nova Scotia purchased 523,920 Ball shares worth approximately $32.7 million, representing about 0.20% of the company. Institutional investors collectively own 86.51% of Ball.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $71.69, despite Citigroup downgrading the stock to “Reduce.”
• Ball exceeded quarterly expectations, reporting $1.03 in adjusted earnings per share and $4 billion in revenue, while declaring a quarterly dividend of $0.20 per share, equivalent to a 1.3% annual yield.

Bank of Nova Scotia purchased a new stake in shares of Ball Corporation (NYSE:BALL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 523,920 shares of the company's stock, valued at approximately $32,693,000. Bank of Nova Scotia owned approximately 0.20% of Ball as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of BALL. Independent Advisor Alliance increased its stake in Ball by 276.5% during the fourth quarter. Independent Advisor Alliance now owns 35,654 shares of the company's stock worth $1,889,000 after acquiring an additional 26,184 shares during the last quarter. Mizuho Markets Cayman LP bought a new stake in Ball in the fourth quarter worth $26,485,000. International Assets Investment Management LLC purchased a new stake in shares of Ball in the fourth quarter valued at $4,349,000. Swiss Life Asset Management Ltd lifted its holdings in shares of Ball by 70.0% in the 4th quarter. Swiss Life Asset Management Ltd now owns 86,787 shares of the company's stock worth $4,597,000 after acquiring an additional 35,749 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its stake in shares of Ball by 63.0% during the 4th quarter. New York Life Investment Management LLC now owns 60,190 shares of the company's stock worth $3,188,000 after purchasing an additional 23,257 shares during the period. Institutional investors own 86.51% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on BALL shares. Citigroup lowered shares of Ball from a "buy" rating to a "reduce" rating in a research report on Wednesday, August 5th. UBS Group lifted their target price on Ball from $65.00 to $66.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Truist Financial set a $78.00 target price on shares of Ball in a research note on Wednesday, August 5th. Weiss Ratings upgraded shares of Ball from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, June 30th. Finally, Bank of America raised their price target on shares of Ball from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Ball currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.69.

Ball Stock Performance

Shares of NYSE:BALL opened at $63.60 on Monday. 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 company has a market capitalization of $16.83 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. Ball Corporation has a 52 week low of $44.83 and a 52 week high of $68.29. The firm has a 50 day moving average of $62.09 and a 200 day moving average of $61.21.

Ball (NYSE:BALL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.04. Ball had a return on equity of 18.76% and a net margin of 6.61%.The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the company earned $0.90 earnings per share. The firm's revenue for the quarter was up 19.7% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. On average, sell-side analysts predict that Ball Corporation will post 4.01 earnings per share for the current fiscal year.

Ball Dividend Announcement

The firm 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 $0.20 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. Ball's dividend payout ratio (DPR) is 22.66%.

Ball 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.

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