Ball Corporation $BALL Shares Acquired by Bank of America Corp DE

Key Points

• Bank of America increased its Ball Corporation stake by 1.4% in the first quarter, bringing its holdings to 2.1 million shares valued at approximately $124 million. Institutional investors collectively own 86.51% of Ball’s outstanding stock.
• Analyst sentiment remains generally positive, with eight Buy ratings, four Holds and one Sell; the stock has a “Moderate Buy” consensus rating and an average price target of $71.69. However, Citigroup recently downgraded the shares to “reduce,” while Bank of America and RBC raised their price targets.
• Ball exceeded quarterly expectations, reporting adjusted EPS of $1.03 versus the $0.99 consensus and revenue of $4 billion, up 19.7% year over year. The company also declared a quarterly dividend of $0.20 per share, equivalent to an annualized yield of about 1.3%.

Bank of America Corp DE boosted its stake in Ball Corporation (NYSE:BALL - Free Report) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,097,794 shares of the company's stock after acquiring an additional 29,506 shares during the period. Bank of America Corp DE owned 0.79% of Ball worth $124,001,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Triumph Capital Management purchased a new position in shares of Ball in the 3rd quarter valued at approximately $26,000. Gilpin Wealth Management LLC purchased a new stake in shares of Ball during the fourth quarter worth approximately $29,000. Harbour Investments Inc. raised its stake in shares of Ball by 44.1% during the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company's stock worth $38,000 after purchasing an additional 222 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Ball during the second quarter worth $46,000. Finally, EFG International AG acquired a new stake in shares of Ball during the fourth quarter worth $55,000. Institutional investors and hedge funds own 86.51% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Bank of America boosted their price objective on shares of Ball from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Weiss Ratings upgraded shares of Ball from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, June 30th. Citigroup downgraded shares of Ball from a "buy" rating to a "reduce" rating in a report on Wednesday. Royal Bank Of Canada boosted their price target on shares of Ball from $75.00 to $77.00 and gave the stock an "outperform" rating in a research note on Thursday, July 9th. Finally, Raymond James Financial set a $73.00 price target on shares of Ball and gave the stock an "outperform" rating in a report on Tuesday, April 21st. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Ball has an average rating of "Moderate Buy" and an average price target of $71.69.

Ball Stock Performance

NYSE:BALL opened at $63.14 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.07 and a debt-to-equity ratio of 1.13. Ball Corporation has a fifty-two week low of $44.83 and a fifty-two week high of $68.29. The stock has a market cap of $16.71 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.23 and a beta of 0.98. The firm's fifty day simple moving average is $60.27 and its 200-day simple moving average is $60.76.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the firm posted $0.90 EPS. The business's revenue was up 19.7% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Analysts expect that Ball Corporation will post 4.06 earnings per share for the current fiscal year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend 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%.

About Ball

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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