Cetera Investment Advisers Purchases 19,300 Shares of Ball Corporation $BALL

Key Points

• Cetera Investment Advisers increased its Ball Corporation stake by 59.3% in the first quarter, acquiring 19,300 additional shares and bringing its holdings to 51,842 shares valued at approximately $3.06 million. Institutional investors and hedge funds collectively own 86.51% of BALL.
• Analysts maintain a generally positive outlook, with eight Buy ratings, four Holds, and one Sell. Ball has an average “Moderate Buy” rating and an average price target of $71.69, above its reported opening price of $63.14.
• Ball exceeded quarterly expectations, reporting $1.03 in earnings per share and $4 billion in revenue, up 19.7% year over year. The company also declared a quarterly dividend of $0.20 per share, equivalent to an annualized yield of about 1.3%.

Cetera Investment Advisers lifted its holdings in Ball Corporation (NYSE:BALL - Free Report) by 59.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,842 shares of the company's stock after acquiring an additional 19,300 shares during the quarter. Cetera Investment Advisers' holdings in Ball were worth $3,064,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Triumph Capital Management acquired a new position in Ball in the third quarter worth $26,000. Gilpin Wealth Management LLC acquired a new stake in Ball in the 4th quarter valued at about $29,000. Harbour Investments Inc. raised its stake in shares of Ball by 44.1% in the fourth 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. MUFG Securities EMEA plc bought a new position in shares of Ball in the second quarter worth about $46,000. Finally, EFG International AG acquired a new position in shares of Ball during the fourth quarter worth approximately $55,000. 86.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BALL. Mizuho set a $72.00 price target on shares of Ball in a research note on Wednesday. Bank of America boosted their price objective on shares of Ball from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Royal Bank Of Canada increased their price objective on Ball from $75.00 to $77.00 and gave the company an "outperform" rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $65.00 target price (up from $60.00) on shares of Ball in a research note on Wednesday. Finally, Wells Fargo & Company boosted their target price on Ball from $71.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $71.69.

Ball Trading Down 0.6%

BALL opened at $63.14 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.72 and a current ratio of 1.07. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29. The firm's fifty day moving average is $60.27 and its two-hundred day moving average is $60.76. The firm has a market cap of $16.71 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.23 and a beta of 0.98.

Ball (NYSE:BALL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 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 for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the business posted $0.90 EPS. The firm's revenue was up 19.7% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Equities research analysts anticipate that Ball Corporation will post 4.06 EPS for the current year.

Ball Announces Dividend

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

About Ball

Ball Corporation is a leading provider of sustainable aluminum packaging solutions and advanced aerospace technologies. Headquartered in Broomfield, Colorado, the company serves customers in the beverage, food and aerosol markets through a global network of manufacturing facilities. With an emphasis on sustainability and innovation, Ball designs and produces metal cans, bottles and ends that support recycling and reduce environmental impact.

The company's packaging segment specializes in beverage cans for soft drinks, beer and energy drinks, as well as metal packaging for food and personal care applications.

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