Cibc World Market Inc. Invests $1.13 Million in Ball Corporation $BALL

Key Points

• CIBC World Markets acquired 18,116 Ball Corporation shares worth approximately $1.13 million, while institutional investors collectively own 86.51% of the company.
• Ball reported quarterly EPS of $1.03, exceeding estimates of $0.99, on revenue of $4 billion—up 19.7% year over year. The company declared a quarterly dividend of $0.20 per share, representing a 1.3% yield.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $71.69, despite the stock trading down 1.0% to $63.43 and mixed recent rating changes.

Cibc World Market Inc. bought a new stake in Ball Corporation (NYSE:BALL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 18,116 shares of the company's stock, valued at approximately $1,130,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BALL. BlackRock Inc. purchased a new position in Ball in the second quarter valued at about $1,310,991,000. Price T Rowe Associates Inc. MD boosted its position in shares of Ball by 5.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company's stock worth $1,000,429,000 after buying an additional 999,690 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in shares of Ball by 3.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,225,631 shares of the company's stock valued at $382,742,000 after buying an additional 266,238 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Ball by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,999,409 shares of the company's stock valued at $354,605,000 after buying an additional 340,677 shares in the last quarter. Finally, Boston Partners raised its holdings in shares of Ball by 24.2% during the 4th quarter. Boston Partners now owns 4,739,044 shares of the company's stock valued at $251,057,000 after buying an additional 922,747 shares during the period. Institutional investors and hedge funds own 86.51% of the company's stock.

Ball Trading Down 1.0%

BALL opened at $63.43 on Friday. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.07 and a quick ratio of 0.66. The stock has a market capitalization of $16.79 billion, a PE ratio of 17.97, a P/E/G ratio of 1.23 and a beta of 0.98. The firm's fifty day moving average price is $62.59 and its 200 day moving average price is $61.19.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $4 billion during 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 for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the business earned $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, research analysts expect that Ball Corporation will post 4.01 EPS for the current fiscal year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. Ball's dividend payout ratio (DPR) is presently 22.66%.

Insider Buying and Selling

In related news, SVP Mandy Glew sold 5,626 shares of Ball stock in a transaction dated 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 in the company, valued at approximately $459,934.20. This trade represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.58% of the company's stock.

Wall Street Analyst Weigh In

BALL has been the topic of several recent research reports. Citigroup lowered Ball from a "buy" rating to a "reduce" rating in a research report on Wednesday, August 5th. Truist Financial set a $78.00 price objective on shares of Ball in a research report on Wednesday, August 5th. Wells Fargo & Company lifted their price objective on shares of Ball from $71.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. Weiss Ratings raised shares of Ball from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $65.00 target price (up from $60.00) on shares of Ball in a research note on Wednesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Ball currently has an average rating of "Moderate Buy" and an average price target of $71.69.

Ball Profile

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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