Ball Corporation $BALL Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC decreased its holdings in shares of Ball Corporation (NYSE:BALL) by 79.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 20,176 shares of the company’s stock after selling 77,488 shares during the quarter. Wealthfront Advisers LLC’s holdings in Ball were worth $1,017,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its holdings in shares of Ball by 41.2% during the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock worth $289,000 after purchasing an additional 1,531 shares during the period. AQR Capital Management LLC raised its holdings in Ball by 402.8% in the 1st quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock valued at $4,356,000 after buying an additional 67,289 shares during the period. Empowered Funds LLC lifted its position in Ball by 10.6% in the first quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock valued at $321,000 after buying an additional 590 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Ball during the second quarter worth about $453,000. Finally, IFP Advisors Inc boosted its stake in Ball by 103.2% during the second quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock worth $68,000 after buying an additional 580 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on BALL shares. Mizuho upped their price objective on shares of Ball from $58.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. upped their price target on Ball from $50.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ball in a research note on Monday, December 29th. Jefferies Financial Group boosted their price objective on Ball from $64.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Finally, Robert W. Baird set a $75.00 target price on Ball in a report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.46.

Ball Stock Up 0.9%

Shares of NYSE BALL opened at $67.30 on Monday. The stock has a market cap of $18.04 billion, a P/E ratio of 20.27, a PEG ratio of 1.34 and a beta of 1.13. The business’s fifty day simple moving average is $55.95 and its 200-day simple moving average is $52.18. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $68.29. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 1.26.

Ball (NYSE:BALL) last released its earnings results on Tuesday, February 3rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.90 by $0.01. The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Ball had a return on equity of 18.10% and a net margin of 6.93%.Ball’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities analysts predict that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, March 2nd. Ball’s dividend 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.