Corient Private Wealth LP Buys 130,012 Shares of Ball Corporation $BALL

Key Points

• Corient Private Wealth increased its Ball stake by 180.8%, purchasing 130,012 shares to bring its holdings to 201,941 shares, valued at approximately $12.6 million. Institutional investors collectively own 86.51% of the company.
• Analyst sentiment remains positive overall, with eight Buy ratings, four Holds and one Sell; Ball has a consensus “Moderate Buy” rating and an average price target of $71.69.
• Ball exceeded quarterly expectations, reporting $1.03 in adjusted earnings per share on $4.0 billion in revenue, while revenue rose 19.7% year over year. The company also paid a quarterly dividend of $0.20 per share, equivalent to a 1.3% yield.

Corient Private Wealth LP boosted its stake in Ball Corporation (NYSE:BALL - Free Report) by 180.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 201,941 shares of the company's stock after buying an additional 130,012 shares during the period. Corient Private Wealth LP owned 0.08% of Ball worth $12,601,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BALL. BlackRock Inc. bought a new position in shares of Ball in the 2nd quarter worth approximately $1,310,991,000. T. Rowe Price Investment Management Inc. boosted its position in shares of Ball by 3.8% during 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 purchasing an additional 266,238 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Ball by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,999,409 shares of the company's stock worth $354,605,000 after purchasing an additional 340,677 shares during the period. Norges Bank purchased a new stake in Ball in the fourth quarter worth $178,025,000. Finally, Deutsche Bank AG bought a new position in Ball in the second quarter worth $163,768,000. 86.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on BALL. Citigroup lowered Ball from a "buy" rating to a "reduce" rating in a research report on Wednesday, August 5th. Bank of America upped their target price 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. UBS Group increased their price target on shares of Ball from $65.00 to $66.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Wells Fargo & Company lifted their price target on shares of Ball from $71.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, August 5th. Finally, Truist Financial set a $78.00 price objective on shares of Ball in a research note on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $71.69.

Insiders Place Their Bets

In other Ball news, SVP Mandy Glew sold 5,626 shares of Ball stock in a transaction dated Tuesday, August 25th. The shares were 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 approximately $459,934.20. The trade was a 43.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.58% of the company's stock.

Ball Stock Up 0.5%

Shares of NYSE:BALL opened at $61.02 on Wednesday. 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 fifty day simple moving average of $62.69 and a two-hundred day simple moving average of $60.74. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29. The stock has a market capitalization of $16.15 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.17 and a beta of 0.95.

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

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were 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 was Tuesday, September 1st. Ball's dividend payout ratio (DPR) is currently 22.66%.

Ball 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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