Bank of America Corp DE Makes New $160.51 Million Investment in Ball Corporation $BALL

Bank of America Corp DE bought a new position in shares of Ball Corporation (NYSE:BALL - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,572,217 shares of the company's stock, valued at approximately $160,506,000. Bank of America Corp DE owned about 0.97% of Ball at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in BALL. Basecamp Wealth Advisors LLC boosted its stake in Ball by 135.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company's stock worth $28,000 after buying an additional 274 shares during the last quarter. Ancora Advisors LLC purchased a new stake in Ball in the 2nd quarter valued at $30,000. Trust Co. of Vermont acquired a new stake in shares of Ball in the 2nd quarter worth $37,000. Harbour Investments Inc. increased its stake in shares of Ball by 44.1% in the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company's stock worth $38,000 after acquiring an additional 222 shares during the last quarter. Finally, Root Financial Partners LLC raised its holdings in shares of Ball by 94.8% during the 1st quarter. Root Financial Partners LLC now owns 1,054 shares of the company's stock worth $62,000 after acquiring an additional 513 shares during the period. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Ball Stock Down 0.8%

Shares of NYSE:BALL opened at $60.76 on Friday. The company has a market capitalization of $16.08 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.18 and a beta of 0.95. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29. The business has a 50-day moving average price of $62.70 and a 200 day moving average price of $60.66. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13.

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

Ball Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, September 1st. Ball's dividend payout ratio (DPR) is 22.66%.

Analyst Ratings Changes

Several brokerages have recently weighed in on BALL. Weiss Ratings raised shares of Ball from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, June 30th. Truist Financial set a $78.00 price objective on shares of Ball in a research report on Wednesday, August 5th. Bank of America lifted their target price on shares of Ball from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. UBS Group boosted their target price on shares of Ball from $65.00 to $66.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $65.00 price target (up from $60.00) on shares of Ball in a research note on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ball has a consensus rating of "Moderate Buy" and a consensus price target of $71.69.

Insider Transactions at Ball

In other Ball news, SVP Mandy Glew sold 5,626 shares of the business's 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 sale, the senior vice president owned 7,209 shares of the company's stock, valued at $459,934.20. The trade was a 43.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.58% of the stock is currently owned by insiders.

Ball Company Profile

Ball Corporation NYSE: BALL is a global manufacturer of sustainable aluminum packaging products. The company primarily serves the beverage, personal care and household-product industries, producing aluminum beverage cans, bottles, aerosol containers and related packaging solutions. Its products are used by brand owners and manufacturers across a range of consumer markets.

Founded in 1880 as a manufacturer of glass containers, Ball gradually transitioned toward metal packaging and became best known for its aluminum beverage-can business.

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