State of Wyoming Grows Stock Holdings in Ball Corporation $BALL

State of Wyoming boosted its stake in shares of Ball Corporation (NYSE:BALL) by 2,007.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,202 shares of the company’s stock after purchasing an additional 13,528 shares during the period. State of Wyoming’s holdings in Ball were worth $839,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Meridian Wealth Management LLC raised its stake in 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 during the last quarter. Western Wealth Management LLC boosted its stake in shares of Ball by 3.2% in the 4th quarter. Western Wealth Management LLC now owns 6,752 shares of the company’s stock worth $358,000 after buying an additional 208 shares during the last quarter. Harbour Investments Inc. grew its holdings in shares of Ball by 44.1% in the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after acquiring an additional 222 shares during the period. Patton Fund Management Inc. grew its holdings in shares of Ball by 5.7% in the fourth quarter. Patton Fund Management Inc. now owns 4,604 shares of the company’s stock worth $244,000 after acquiring an additional 248 shares during the period. Finally, Parallel Advisors LLC increased its position in Ball by 8.3% during the first quarter. Parallel Advisors LLC now owns 3,490 shares of the company’s stock valued at $206,000 after acquiring an additional 267 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BALL. Truist Financial increased their target price on Ball from $75.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Bank of America boosted their price target on Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Wells Fargo & Company upped their price target on shares of Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Raymond James Financial set a $73.00 price objective on shares of Ball and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. raised shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price objective on the stock in a report on Monday, May 18th. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $70.85.

Ball Trading Down 0.2%

NYSE:BALL opened at $62.22 on Friday. Ball Corporation has a one year low of $44.83 and a one year high of $68.29. The business has a fifty day moving average price of $58.56 and a 200-day moving average price of $60.08. The firm has a market capitalization of $16.57 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 1.23 and a beta of 0.98. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.12 and a quick ratio of 0.72.

Ball (NYSE:BALL) last released its 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. Ball had a return on equity of 18.69% and a net margin of 6.86%.The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same period in the previous year, the business earned $0.76 earnings per share. Ball’s quarterly revenue was up 16.3% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts forecast that Ball Corporation will post 3.99 EPS for the current year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. Ball’s dividend payout ratio (DPR) is 23.12%.

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.