Maridea Wealth Management LLC Takes Position in Ball Corporation $BALL

Maridea Wealth Management LLC acquired a new position in Ball Corporation (NYSE:BALL) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,686 shares of the company’s stock, valued at approximately $521,000.

Other hedge funds have also recently bought and sold shares of the company. SJS Investment Consulting Inc. boosted its stake in Ball by 4,236.8% during the 3rd quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock valued at $42,000 after purchasing an additional 805 shares during the period. MUFG Securities EMEA plc bought a new stake in shares of Ball during the second quarter valued at approximately $46,000. CYBER HORNET ETFs LLC acquired a new position in shares of Ball during the second quarter worth approximately $47,000. Hantz Financial Services Inc. grew its holdings in Ball by 395.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,210 shares of the company’s stock worth $61,000 after buying an additional 966 shares in the last quarter. Finally, True Wealth Design LLC grew its holdings in 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 in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on BALL. Wells Fargo & Company lifted their target price on Ball from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Bank of America upgraded shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Monday, November 17th. Citigroup upped their price objective on shares of Ball from $67.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. raised their target price on shares of Ball from $50.00 to $60.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Finally, Morgan Stanley set a $66.00 price target on shares of Ball in a research note on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Ball currently has an average rating of “Moderate Buy” and an average target price of $68.46.

Ball Trading Down 0.4%

Shares of BALL stock opened at $66.30 on Thursday. The stock has a 50-day simple moving average of $57.11 and a 200 day simple moving average of $52.41. The stock has a market capitalization of $17.77 billion, a P/E ratio of 19.97, a P/E/G ratio of 1.32 and a beta of 1.13. Ball Corporation has a fifty-two week low of $43.51 and a fifty-two week high of $68.29. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 1.26.

Ball (NYSE:BALL) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. Ball had a net margin of 6.93% and a return on equity of 18.10%. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the prior year, the company earned $0.84 EPS. Ball’s revenue was up 16.2% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. On average, sell-side analysts expect that Ball Corporation will post 3.48 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, March 16th. Investors of record on Monday, March 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, March 2nd. Ball’s dividend payout ratio (DPR) is presently 24.10%.

Ball Company 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.