Ball Corporation $BALL Stock Acquired by IFP Advisors Inc

Key Points

• IFP Advisors significantly increased its Ball stake by 3,687.6% in the third quarter, bringing its holdings to 72,760 shares valued at about $4.08 million. Institutional investors collectively own 86.51% of Ball.
• Ball reported quarterly EPS of $1.03, exceeding the $0.99 consensus estimate, while revenue reached $4 billion—up 19.7% year over year and above analyst expectations.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and a $71 average price target versus its reported trading price of $63.98. Ball also pays a quarterly dividend of $0.20 per share, yielding approximately 1.3%.

IFP Advisors Inc raised its stake in shares of Ball Corporation (NYSE:BALL - Free Report) by 3,687.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 72,760 shares of the company's stock after acquiring an additional 70,839 shares during the period. IFP Advisors Inc's holdings in Ball were worth $4,077,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BALL. Pension & Wealth Management Advisors Inc. purchased a new stake in Ball in the third quarter worth about $25,000. Basecamp Wealth Advisors LLC boosted its stake in Ball by 135.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company's stock worth $28,000 after purchasing an additional 274 shares during the period. Ancora Advisors LLC bought a new position in shares of Ball during the 2nd quarter valued at about $30,000. Trust Co. of Vermont bought a new stake in shares of Ball in the second quarter worth about $37,000. Finally, Parkside Financial Bank & Trust grew its holdings in Ball by 29.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 863 shares of the company's stock valued at $54,000 after buying an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company's stock.

Ball Trading Up 1.2%

Shares of NYSE:BALL opened at $63.98 on Tuesday. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29. 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 stock has a market cap of $16.94 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 1.20 and a beta of 0.96. The business has a 50-day moving average price of $60.70 and a 200-day moving average price of $60.28.

Ball (NYSE:BALL - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.69 billion. Ball had a net margin of 6.61% and a return on equity of 18.76%. The firm's revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.90 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. Equities analysts predict 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 issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 1st. Ball's dividend payout ratio (DPR) is presently 22.66%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BALL shares. UBS Group reduced their price objective on Ball from $66.00 to $63.00 and set a "neutral" rating on the stock in a research note on Monday, October 5th. Wells Fargo & Company dropped their target price on Ball from $72.00 to $70.00 and set an "overweight" rating for the company in a research report on Monday. Truist Financial set a $78.00 target price on shares of Ball in a research report on Wednesday, August 5th. Weiss Ratings raised Ball from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, October 9th. Finally, JPMorgan Chase & Co. upgraded Ball from a "neutral" rating to an "overweight" rating and set a $65.00 price objective for the company in a report on Friday, September 18th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $71.00.

Insider Buying and Selling at Ball

In related news, SVP Mandy Glew sold 5,626 shares of the firm's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total value of $358,938.80. Following the transaction, the senior vice president directly owned 7,209 shares of the company's stock, valued at approximately $459,934.20. This trade represents a 43.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.58% of the stock is currently owned by company insiders.

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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