Ball Corporation $BALL Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC lessened its holdings in Ball Corporation (NYSE:BALL) by 12.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,232 shares of the company’s stock after selling 8,160 shares during the period. Welch & Forbes LLC’s holdings in Ball were worth $3,696,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Triumph Capital Management acquired a new position in shares of Ball in the third quarter worth $26,000. Basecamp Wealth Advisors LLC raised its stake in shares of Ball by 135.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $28,000 after acquiring an additional 274 shares in the last quarter. Gilpin Wealth Management LLC purchased a new position in Ball in the fourth quarter valued at $29,000. Harbour Investments Inc. boosted its holdings in Ball by 44.1% in the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock valued at $38,000 after purchasing an additional 222 shares during the period. Finally, MUFG Securities EMEA plc acquired a new position in Ball during the 2nd quarter worth $46,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on BALL. Wells Fargo & Company upped their price target on Ball from $71.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $65.00 price objective (up from $60.00) on shares of Ball in a research note on Wednesday, August 5th. Bank of America boosted their price objective on Ball from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. UBS Group upped their target price 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. Finally, Royal Bank Of Canada raised their target price on shares of Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.69.

Ball Stock Performance

Shares of BALL stock opened at $61.85 on Friday. The company has a market cap of $16.37 billion, a P/E ratio of 17.52, a PEG ratio of 1.19 and a beta of 0.98. The firm has a fifty day moving average price of $61.35 and a 200 day moving average price of $60.99. 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) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%.Ball’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period last year, the firm earned $0.90 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts predict that Ball Corporation will post 4.02 earnings per share for the current fiscal year.

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.20 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. Ball’s dividend payout ratio is presently 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.