Aberdeen Group plc Has $21.11 Million Position in Ball Corporation $BALL

Key Points

• Aberdeen Group increased its Ball holdings by 5.7% in the second quarter, reaching 338,234 shares valued at approximately $21.11 million. Institutional investors collectively own 86.51% of Ball’s stock.
• Analysts maintain a positive outlook, with a consensus “Moderate Buy” rating and an average price target of $71.69; recent targets range from $65 to $77.
• Ball exceeded quarterly earnings expectations, reporting $1.03 in adjusted EPS and $4 billion in revenue, up 19.7% year over year. The company also declared a $0.20 quarterly dividend, equivalent to a 1.3% yield.

Aberdeen Group plc lifted its holdings in Ball Corporation (NYSE:BALL - Free Report) by 5.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 338,234 shares of the company's stock after acquiring an additional 18,153 shares during the period. Aberdeen Group plc owned approximately 0.13% of Ball worth $21,106,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Meridian Wealth Management LLC increased its holdings in shares of Ball by 2.7% in the fourth quarter. Meridian Wealth Management LLC now owns 6,295 shares of the company's stock valued at $333,000 after purchasing an additional 165 shares during the period. Leonteq Securities AG increased 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 purchasing an additional 188 shares in the last quarter. Western Wealth Management LLC lifted its stake in shares of Ball by 3.2% during the fourth quarter. Western Wealth Management LLC now owns 6,752 shares of the company's stock worth $358,000 after purchasing an additional 208 shares in the last quarter. Parvin Asset Management LLC grew 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 acquiring an additional 215 shares in the last quarter. Finally, Evelyn Partners Investment Management LLP increased its stake in shares of Ball by 11.3% in the first quarter. Evelyn Partners Investment Management LLP now owns 2,144 shares of the company's stock worth $127,000 after buying an additional 218 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wells Fargo & Company increased their price target on Ball from $71.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Mizuho set a $72.00 price objective on Ball in a report on Wednesday, August 5th. Bank of America boosted their price objective 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. Royal Bank Of Canada upped their target price on Ball from $75.00 to $77.00 and gave the company an "outperform" rating in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $65.00 price target (up from $60.00) on shares of Ball in a research report on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Ball presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.69.

Ball Price Performance

BALL opened at $61.85 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.07 and a quick ratio of 0.66. The stock has a market capitalization of $16.37 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.19 and a beta of 0.98. The company's 50 day simple moving average is $61.35 and its 200-day simple moving average is $60.99. Ball Corporation has a one year low of $44.83 and a one year high of $68.29.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.04. Ball had a net margin of 6.61% and a return on equity of 18.76%. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the prior year, the business posted $0.90 earnings per share. Ball's revenue was up 19.7% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts anticipate that Ball Corporation will post 4.02 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 paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. Ball's payout ratio is currently 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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