Danske Bank A S Makes New $7.89 Million Investment in Ball Corporation $BALL

Danske Bank A S purchased a new position in shares of Ball Corporation (NYSE:BALL) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 126,425 shares of the company’s stock, valued at approximately $7,889,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meridian Wealth Management LLC lifted its position in shares of Ball by 2.7% during the 4th quarter. Meridian Wealth Management LLC now owns 6,295 shares of the company’s stock valued at $333,000 after buying an additional 165 shares in the last quarter. Leonteq Securities AG increased its holdings in Ball by 3.6% in the 2nd quarter. Leonteq Securities AG now owns 5,415 shares of the company’s stock valued at $338,000 after acquiring an additional 188 shares during the last quarter. Western Wealth Management LLC lifted its position in shares of Ball by 3.2% in the fourth quarter. Western Wealth Management LLC now owns 6,752 shares of the company’s stock worth $358,000 after buying an additional 208 shares in the last quarter. Parvin Asset Management LLC grew its holdings in Ball by 19.5% during the 1st quarter. Parvin Asset Management LLC now owns 1,315 shares of the company’s stock valued at $78,000 after buying an additional 215 shares in the last quarter. Finally, Evelyn Partners Investment Management LLP increased its stake in Ball by 11.3% in the 1st quarter. Evelyn Partners Investment Management LLP now owns 2,144 shares of the company’s stock worth $127,000 after acquiring an additional 218 shares during the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Ball Stock Performance

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. The company has a market cap of $16.83 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 1.20 and a beta of 0.98. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29. 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) last announced its quarterly earnings data 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. 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 analyst estimates of $3.69 billion. During the same period in the previous year, the company earned $0.90 earnings per share. The business’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. As a group, equities analysts anticipate that Ball Corporation will post 4.01 EPS 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. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Ball’s dividend payout ratio is 22.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BALL shares. Weiss Ratings raised shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Royal Bank Of Canada upped their price objective on Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Wells Fargo & Company raised their target price 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. UBS Group lifted their price objective on Ball from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Bank of America upped their target price on Ball from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $71.69.

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.