Motley Fool Wealth Management LLC Cuts Position in Ball Corporation $BALL

Motley Fool Wealth Management LLC trimmed its holdings in shares of Ball Corporation (NYSE:BALL) by 23.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,345 shares of the company’s stock after selling 21,933 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Ball were worth $3,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Invesco Ltd. grew its stake in Ball by 14.9% during the 3rd quarter. Invesco Ltd. now owns 4,651,348 shares of the company’s stock worth $234,521,000 after buying an additional 602,137 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Ball by 13.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,828,298 shares of the company’s stock worth $193,003,000 after buying an additional 455,089 shares during the last quarter. Boston Partners grew its stake in Ball by 2.1% during the 3rd quarter. Boston Partners now owns 3,816,297 shares of the company’s stock worth $192,402,000 after buying an additional 79,700 shares during the last quarter. Norges Bank purchased a new position in Ball during the 4th quarter worth $178,025,000. Finally, Bank of America Corp DE grew its stake in Ball by 17.1% during the 3rd quarter. Bank of America Corp DE now owns 2,406,154 shares of the company’s stock worth $121,318,000 after buying an additional 351,060 shares during the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Citigroup lowered their price objective on shares of Ball from $74.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Raymond James Financial set a $73.00 target price on Ball and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Truist Financial raised their target price on Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Weiss Ratings downgraded Ball from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Finally, UBS Group dropped their price target on Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.54.

Ball Stock Up 2.8%

Ball stock opened at $54.12 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.12. The business’s 50-day simple moving average is $58.60 and its two-hundred day simple moving average is $57.82. The company has a market cap of $14.41 billion, a PE ratio of 15.64, a PEG ratio of 1.03 and a beta of 1.01. Ball Corporation has a fifty-two week low of $44.83 and a fifty-two week high of $68.29.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.09. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.34 billion. Ball had a return on equity of 18.69% and a net margin of 6.86%.The company’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Equities analysts anticipate that Ball Corporation will post 3.99 EPS for the current year.

Ball Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, June 1st. Ball’s payout ratio is presently 23.12%.

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.