Vanguard Group Inc. Cuts Holdings in Ball Corporation $BALL

Vanguard Group Inc. reduced its position in Ball Corporation (NYSE:BALL - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,479,669 shares of the company's stock after selling 674,450 shares during the quarter. Vanguard Group Inc. owned about 11.75% of Ball worth $1,667,478,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. True Wealth Design LLC raised its position in shares of Ball by 17.6% in the 3rd quarter. True Wealth Design LLC now owns 1,438 shares of the company's stock worth $73,000 after buying an additional 215 shares during the period. Independent Advisor Alliance raised its position in Ball by 2.7% in the third quarter. Independent Advisor Alliance now owns 9,470 shares of the company's stock valued at $477,000 after purchasing an additional 246 shares during the period. Patton Fund Management Inc. raised its position in Ball by 5.7% in the fourth quarter. Patton Fund Management Inc. now owns 4,604 shares of the company's stock valued at $244,000 after purchasing an additional 248 shares during the period. Asset Management One Co. Ltd. raised its position in Ball by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 118,213 shares of the company's stock valued at $5,960,000 after purchasing an additional 296 shares during the period. Finally, Union Bancaire Privee UBP SA raised its position in Ball by 1.7% in the fourth quarter. Union Bancaire Privee UBP SA now owns 20,223 shares of the company's stock valued at $1,075,000 after purchasing an additional 338 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ball

In other news, SVP Kathleen Pitre sold 10,660 shares of Ball stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $66.63, for a total transaction of $710,275.80. Following the sale, the senior vice president directly owned 36,772 shares of the company's stock, valued at approximately $2,450,118.36. The trade was a 22.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Fauze Villatoro bought 1,551 shares of the company's stock in a transaction dated Wednesday, March 4th. The shares were acquired at an average cost of $64.51 per share, for a total transaction of $100,055.01. Following the completion of the transaction, the senior vice president owned 13,778 shares of the company's stock, valued at approximately $888,818.78. The trade was a 12.69% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BALL shares. Morgan Stanley set a $66.00 price objective on Ball in a research report on Wednesday, February 4th. Royal Bank Of Canada reissued an "outperform" rating on shares of Ball in a research report on Friday, April 17th. Raymond James Financial set a $73.00 price objective on Ball and gave the company an "outperform" rating in a research report on Tuesday, April 21st. Citigroup cut their price objective on Ball from $74.00 to $73.00 and set a "buy" rating on the stock in a research report on Monday, April 13th. Finally, UBS Group reissued a "neutral" rating and issued a $66.00 price objective on shares of Ball in a research report on Wednesday, February 4th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $69.33.

Ball Stock Up 1.4%

Shares of NYSE BALL opened at $61.15 on Friday. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29. The firm has a market cap of $16.28 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.20 and a beta of 1.14. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.75 and a current ratio of 1.11. The stock's 50-day simple moving average is $62.16 and its 200-day simple moving average is $56.29.

Ball (NYSE:BALL - Get Free Report) last announced its earnings results on Tuesday, February 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.01. Ball had a return on equity of 18.12% and a net margin of 6.93%.The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the previous year, the company earned $0.84 earnings per share. The company's revenue for the quarter was up 16.2% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities analysts anticipate that Ball Corporation will post 3.95 earnings per share for the current fiscal year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, June 1st. Ball's payout ratio is presently 24.10%.

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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