Ball Corporation $BALL Shares Bought by Fifth Third Wealth Advisors LLC

Key Points

• Fifth Third Wealth Advisors increased its Ball holdings by 843.4% in the third quarter, bringing its position to 35,454 shares valued at approximately $1.99 million. Institutional investors and hedge funds collectively own 86.51% of Ball’s stock.
• Ball reported quarterly earnings of $1.03 per share, exceeding the $0.99 consensus estimate, while revenue reached $4 billion and rose 19.7% year over year. The company also maintained a quarterly dividend of $0.20 per share, yielding about 1.2% annually.
• Analysts remain broadly positive, with Ball receiving a consensus “Moderate Buy” rating and an average price target of $71, compared with a recent share price of $64.76.

Fifth Third Wealth Advisors LLC grew its holdings in Ball Corporation (NYSE:BALL - Free Report) by 843.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,454 shares of the company's stock after purchasing an additional 31,696 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Ball were worth $1,986,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of BALL. BlackRock Inc. bought a new stake in shares of Ball during the 2nd quarter valued at $1,310,991,000. State Street Corp increased its holdings in shares of Ball by 8.3% during the 2nd quarter. State Street Corp now owns 13,416,598 shares of the company's stock worth $837,196,000 after acquiring an additional 1,024,861 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ball by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,999,409 shares of the company's stock worth $354,605,000 after acquiring an additional 340,677 shares during the last quarter. Deutsche Bank AG acquired a new position in shares of Ball during the 2nd quarter worth approximately $163,768,000. Finally, Bank of America Corp DE bought a new stake in Ball in the 2nd quarter valued at $160,506,000. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ball

In other news, SVP Mandy Glew sold 5,626 shares of the firm's stock in a transaction that occurred on Tuesday, August 25th. The shares were 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 approximately $459,934.20. This trade represents a 43.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.58% of the company's stock.

Ball Price Performance

Ball stock opened at $64.76 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.66 and a current ratio of 1.07. Ball Corporation has a 52 week low of $44.83 and a 52 week high of $68.29. The stock has a market capitalization of $17.14 billion, a P/E ratio of 18.35, a price-to-earnings-growth ratio of 1.30 and a beta of 0.96. The stock has a fifty day moving average of $60.91 and a 200-day moving average of $60.41.

Ball (NYSE:BALL - Get Free Report) last released 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. The business 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%. Ball's revenue was up 19.7% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. On average, sell-side analysts expect that Ball Corporation will post 4.01 earnings per share for the current fiscal year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders 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 was Tuesday, September 1st. Ball's dividend payout ratio (DPR) is presently 22.66%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Bank of America raised their price target on Ball from $70.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Wells Fargo & Company decreased their price objective on shares of Ball from $72.00 to $70.00 and set an "overweight" rating on the stock in a report on Monday, October 19th. Royal Bank Of Canada dropped their price objective on shares of Ball from $77.00 to $73.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 13th. Weiss Ratings upgraded shares of Ball from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, October 9th. Finally, UBS Group reduced their target price on shares of Ball from $66.00 to $63.00 and set a "neutral" rating for the company in a report on Monday, October 5th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Ball currently has an average rating of "Moderate Buy" and a consensus target price 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.

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