Danske Bank A S Acquires New Holdings in Ball Corporation $BALL

Key Points

• Danske Bank acquired 126,425 shares of Ball Corporation in the second quarter, valued at approximately $7.9 million. Institutional investors now own 86.51% of BALL’s outstanding stock.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $71.69, despite ratings ranging from “Overweight” to “Reduce.”
• Ball exceeded quarterly expectations with $1.03 in EPS versus $0.99 forecast and revenue of $4 billion, up 19.7% year over year. The company also declared a quarterly dividend of $0.20 per share, representing a 1.3% yield.

Danske Bank A S acquired a new position in shares of Ball Corporation (NYSE:BALL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 126,425 shares of the company's stock, valued at approximately $7,889,000.

Several other institutional investors have also recently modified their holdings of BALL. Diversify Advisory Services LLC purchased a new position in shares of Ball during the 2nd quarter valued at about $427,000. Wealthfront Advisers LLC bought a new position in Ball during the second quarter valued at approximately $740,000. Meeder Advisory Services Inc. bought a new position in Ball during the second quarter valued at approximately $337,000. Citizens Financial Group Inc. RI purchased a new position in shares of Ball during the second quarter worth approximately $398,000. Finally, MidFirst Bank bought a new stake in shares of Ball in the 2nd quarter worth approximately $2,638,000. 86.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BALL. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $65.00 target price (up from $60.00) on shares of Ball in a report on Wednesday, August 5th. Wells Fargo & Company upped 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. UBS Group boosted their price objective on shares of Ball from $65.00 to $66.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Weiss Ratings raised Ball from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, June 30th. Finally, Citigroup downgraded Ball from a "buy" rating to a "reduce" rating in a report 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $71.69.

Ball Stock Performance

Shares of NYSE BALL opened at $63.60 on Friday. The firm's 50-day moving average price is $62.09 and its 200-day moving average price is $61.18. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29. The company has a market cap of $16.83 billion, a PE ratio of 18.02, a PEG ratio of 1.20 and a beta of 0.98. 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 posted its earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.04. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.69 billion. Ball had a net margin of 6.61% and a return on equity of 18.76%. The firm's revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, analysts anticipate that Ball Corporation will post 4.01 EPS for the current year.

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given 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 is Tuesday, September 1st. Ball's dividend payout ratio is 22.66%.

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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