Korea Investment CORP bought a new position in shares of Ball Corporation (NYSE:BALL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 286,262 shares of the company's stock, valued at approximately $17,863,000. Korea Investment CORP owned about 0.11% of Ball as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Basecamp Wealth Advisors LLC boosted its holdings in shares of Ball by 135.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company's stock worth $28,000 after buying an additional 274 shares in the last quarter. Triumph Capital Management bought a new stake in shares of Ball in the 3rd quarter valued at $26,000. Gilpin Wealth Management LLC acquired a new position in shares of Ball during the 4th quarter valued at $29,000. Trust Co. of Vermont bought a new position in Ball during the second quarter worth $37,000. Finally, Harbour Investments Inc. boosted its stake in Ball by 44.1% during the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company's stock worth $38,000 after acquiring an additional 222 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.
Analyst Ratings Changes
Several research firms have weighed in on BALL. UBS Group lifted their price target on shares of Ball from $65.00 to $66.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Wells Fargo & Company increased their price objective on shares of Ball from $71.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. Citigroup downgraded Ball from a "buy" rating to a "reduce" rating in a research note on Wednesday, August 5th. Weiss Ratings raised Ball from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, June 30th. Finally, Bank of America upped their price target on Ball from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.69.
Read Our Latest Research Report on Ball
Ball Stock Performance
Shares of BALL stock opened at $63.60 on Monday. The firm has a market capitalization of $16.83 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. The firm has a fifty day simple moving average of $62.09 and a two-hundred day simple moving average of $61.21. 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 Corporation has a 12 month low of $44.83 and a 12 month high of $68.29.
Ball (NYSE:BALL - Get Free Report) last released 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. Ball had a net margin of 6.61% and a return on equity of 18.76%. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. The business's revenue was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. Analysts forecast that Ball Corporation will post 4.01 EPS for the current fiscal year.
Ball Dividend Announcement
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 issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 1st. Ball's dividend payout ratio is currently 22.66%.
Ball Company Profile
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Free Report)
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.
See Also
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