Ball Corporation $BALL Stake Increased by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group increased its Ball stake by 1,252.6% in the third quarter, reaching 86,253 shares valued at approximately $4.83 million. Institutional investors collectively own 86.51% of Ball.
• Ball reported quarterly earnings of $1.03 per share, exceeding the $0.99 consensus estimate, while revenue rose 19.7% year over year to $4 billion. The company also maintains a quarterly dividend of $0.20, or a 1.2% annualized yield.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $71, compared with the stock’s reported opening price of $64.76.

Citizens Financial Group Inc. RI boosted its position in shares of Ball Corporation (NYSE:BALL - Free Report) by 1,252.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,253 shares of the company's stock after buying an additional 79,876 shares during the period. Citizens Financial Group Inc. RI's holdings in Ball were worth $4,833,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other news, SVP Mandy Glew sold 5,626 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total transaction of $358,938.80. Following the transaction, the senior vice president owned 7,209 shares of the company's stock, valued at approximately $459,934.20. This represents a 43.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.58% of the stock is owned by insiders.

Ball Stock Up 0.0%

Shares of Ball stock opened at $64.76 on Monday. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29. The company has a market cap of $17.14 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 1.30 and a beta of 0.96. 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's 50 day moving average is $60.91 and its 200 day moving average is $60.42.

Ball (NYSE:BALL - Get Free Report) last issued its quarterly earnings results 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 the consensus estimate of $3.69 billion. Ball had a net margin of 6.61% and a return on equity of 18.76%. The company's revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. Research analysts anticipate that Ball Corporation will post 4.01 EPS for the current year.

Ball Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wells Fargo & Company cut their price target on Ball from $72.00 to $70.00 and set an "overweight" rating for the company in a report on Monday, October 19th. Royal Bank Of Canada decreased their target price on Ball from $77.00 to $73.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 13th. Bank of America lifted their price target on Ball from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Citigroup lowered shares of Ball from a "buy" rating to a "reduce" rating in a report on Wednesday, August 5th. Finally, Weiss Ratings upgraded Ball from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, October 9th. Ten equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $71.00.

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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