Ball Corporation $BALL Stock Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its Ball stake by 89.6% in the third quarter, selling 32,703 shares and retaining 3,811 shares worth approximately $214,000. Institutional investors collectively own 86.51% of Ball’s stock.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $71.15, despite some target-price reductions and Citigroup’s downgrade to “reduce.”
• Ball reported quarterly EPS of $1.03, exceeding estimates, while revenue rose 19.7% year over year to $4 billion. The company also maintains a quarterly dividend of $0.20 per share, equal to a 1.3% annualized yield.

Curated Wealth Partners LLC lessened its stake in Ball Corporation (NYSE:BALL - Free Report) by 89.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,811 shares of the company's stock after selling 32,703 shares during the quarter. Curated Wealth Partners LLC's holdings in Ball were worth $214,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Ball in the second quarter valued at about $1,310,991,000. Deutsche Bank AG purchased a new stake in Ball during the second quarter worth about $163,768,000. Bank of America Corp DE purchased a new stake in Ball during the second quarter worth about $160,506,000. Bank of New York Mellon Corp acquired a new position in Ball during the second quarter worth about $143,165,000. Finally, Hsbc Holdings PLC acquired a new position in Ball during the second quarter worth about $96,380,000. Institutional investors and hedge funds own 86.51% of the company's stock.

Insiders Place Their Bets

In other Ball 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 transaction of $358,938.80. Following the completion of the transaction, 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 0.58% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on BALL. Bank of America increased their target price on shares of Ball from $70.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Royal Bank Of Canada reduced their price target on shares of Ball from $77.00 to $73.00 and set an "outperform" rating for the company in a research report on Tuesday, October 13th. UBS Group decreased their price target on Ball from $66.00 to $63.00 and set a "neutral" rating on the stock in a research note on Monday, October 5th. Citigroup lowered Ball from a "buy" rating to a "reduce" rating in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company upped their price target on Ball from $71.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Ten research 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. Based on data from MarketBeat, Ball has a consensus rating of "Moderate Buy" and an average price target of $71.15.

Ball Trading Down 0.1%

Shares of BALL stock opened at $63.12 on Monday. 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 P/E ratio of 17.88, a P/E/G ratio of 1.20 and a beta of 0.96. The business has a fifty day simple moving average of $60.67 and a 200-day simple moving average of $60.25. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13.

Ball (NYSE:BALL - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. Ball had a return on equity of 18.76% and a net margin of 6.61%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the previous year, the company posted $0.90 EPS. The business's revenue was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. On average, analysts forecast that Ball Corporation will post 4.01 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 1st. Ball's dividend payout ratio is presently 22.66%.

Ball Company 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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