Northwestern Mutual Wealth Management Co. Acquires Shares of 17,168 Ball Corporation $BALL

Key Points

• Northwestern Mutual Wealth Management acquired 17,168 Ball shares worth approximately $1.07 million, while institutional investors collectively own 86.51% of the company.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $71.69, despite Citigroup downgrading the stock to “reduce.”
• Ball exceeded quarterly expectations, reporting $1.03 in EPS and $4.0 billion in revenue, up 19.7% year over year. The company also declared a quarterly dividend of $0.20 per share, representing a 1.2% yield.

Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Ball Corporation (NYSE:BALL - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,168 shares of the company's stock, valued at approximately $1,071,000.

Other large investors have also added to or reduced their stakes in the company. Basecamp Wealth Advisors LLC lifted its position in shares of Ball by 135.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company's stock worth $28,000 after purchasing an additional 274 shares during the period. Triumph Capital Management bought a new position in Ball in the third quarter worth about $26,000. Gilpin Wealth Management LLC bought a new position in Ball in the fourth quarter worth about $29,000. Trust Co. of Vermont purchased a new stake in Ball in the second quarter worth about $37,000. Finally, Harbour Investments Inc. boosted its position in Ball by 44.1% during the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company's stock valued at $38,000 after acquiring an additional 222 shares in the last quarter. Institutional investors own 86.51% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BALL shares. Weiss Ratings upgraded Ball from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, June 30th. Royal Bank Of Canada increased their price objective on Ball from $75.00 to $77.00 and gave the stock an "outperform" rating in a report on Thursday, July 9th. Citigroup lowered Ball from a "buy" rating to a "reduce" rating in a research report on Wednesday, August 5th. Mizuho set a $72.00 target price on shares of Ball in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $65.00 target price (up from $60.00) on shares of Ball in a research report on Wednesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $71.69.

Ball Stock Performance

Ball stock opened at $64.16 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $16.98 billion, a P/E ratio of 18.17, a PEG ratio of 1.24 and a beta of 0.98. The stock's 50 day moving average is $62.35 and its 200 day moving average is $61.23. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $3.69 billion. During the same quarter in the previous year, the business earned $0.90 earnings per share. The firm's quarterly revenue was up 19.7% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. On average, equities research analysts predict that Ball Corporation will post 4.01 earnings per share for the current fiscal year.

Ball Announces Dividend

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 issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. Ball's dividend payout ratio (DPR) 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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