Ball Corporation $BALL Stock Purchased by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada significantly increased its Ball stake by acquiring 36,256 additional shares in the third quarter, bringing its total holdings to 36,266 shares valued at approximately $2.03 million. Institutional investors and hedge funds collectively own 86.51% of Ball’s stock.
• Ball reported quarterly EPS of $1.03, exceeding the $0.99 consensus estimate, while revenue reached $4 billion and rose 19.7% year over year. Analysts expect roughly $4.01 in EPS for the current year.
• Analysts maintain a generally positive outlook, with Ball receiving a consensus “Moderate Buy” rating and an average price target of $71, compared with a share price of $64.18. The company also pays a quarterly dividend of $0.20 per share, yielding about 1.2%.

TD Waterhouse Canada Inc. raised its stake in Ball Corporation (NYSE:BALL - Free Report) by 362,560.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,266 shares of the company's stock after acquiring an additional 36,256 shares during the period. TD Waterhouse Canada Inc.'s holdings in Ball were worth $2,032,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Ball during the 3rd quarter worth approximately $25,000. NFSG Corp bought a new stake in shares of Ball in the 3rd quarter worth approximately $1,066,000. State of Alaska Department of Revenue lifted its holdings in shares of Ball by 173.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 71,213 shares of the company's stock worth $3,990,000 after purchasing an additional 45,125 shares during the last quarter. Mather Group LLC. boosted its position in Ball by 164.5% during the 3rd quarter. Mather Group LLC. now owns 3,795 shares of the company's stock valued at $213,000 after purchasing an additional 2,360 shares during the period. Finally, Triumph Capital Management boosted its position in Ball by 150.4% during the 3rd quarter. Triumph Capital Management now owns 1,252 shares of the company's stock valued at $70,000 after purchasing an additional 752 shares during the period. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Ball Price Performance

NYSE BALL opened at $64.18 on Thursday. Ball Corporation has a 52 week low of $44.83 and a 52 week high of $68.29. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13. The stock has a market cap of $16.99 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 1.29 and a beta of 0.96. The company has a 50-day moving average price of $60.77 and a two-hundred day moving average price of $60.34.

Ball (NYSE:BALL - Get Free Report) last announced 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%. Ball's revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.90 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. Analysts forecast that Ball Corporation will post 4.01 EPS for the current year.

Ball Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Weiss Ratings upgraded Ball from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, October 9th. UBS Group dropped their target price on Ball from $66.00 to $63.00 and set a "neutral" rating on the stock in a research report on Monday, October 5th. Truist Financial set a $78.00 target price on Ball in a research note on Wednesday, August 5th. Wells Fargo & Company reduced their price target on shares of Ball from $72.00 to $70.00 and set an "overweight" rating for the company in a report on Monday. Finally, Mizuho set a $72.00 price target on shares of Ball in a report on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Ball presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.00.

Insider Transactions at Ball

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