UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stock Holdings in Ball Corporation $BALL

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in shares of Ball Corporation (NYSE:BALL) by 26.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,805,211 shares of the company’s stock after selling 650,511 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.68% of Ball worth $112,645,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. acquired a new position in Ball during the second quarter worth about $1,310,991,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Ball by 5.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock valued at $1,000,429,000 after purchasing an additional 999,690 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Ball by 3.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,225,631 shares of the company’s stock valued at $382,742,000 after purchasing an additional 266,238 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Ball by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,999,409 shares of the company’s stock valued at $354,605,000 after purchasing an additional 340,677 shares during the last quarter. Finally, Boston Partners increased its stake in shares of Ball by 24.2% during the 4th quarter. Boston Partners now owns 4,739,044 shares of the company’s stock worth $251,057,000 after purchasing an additional 922,747 shares in the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Ball Trading Down 0.5%

Shares of BALL opened at $62.67 on Wednesday. Ball Corporation has a fifty-two week low of $44.83 and a fifty-two week high of $68.29. The company has a market capitalization of $16.59 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 1.21 and a beta of 0.95. The stock has a fifty day moving average of $62.85 and a two-hundred day moving average of $61.10. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.66 and a current ratio of 1.07.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%.The business’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, analysts forecast that Ball Corporation will post 4.01 EPS for the current year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Ball’s dividend payout ratio (DPR) is presently 22.66%.

Analysts Set New Price Targets

BALL has been the subject of several research reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $65.00 price objective (up from $60.00) on shares of Ball in a research report on Wednesday, August 5th. Weiss Ratings raised Ball from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. Wells Fargo & Company boosted their price target on Ball from $71.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Bank of America upped their price objective on Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Mizuho set a $72.00 price objective on Ball in a research note on Wednesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.69.

Insider Buying and Selling

In other Ball news, SVP Mandy Glew sold 5,626 shares of Ball stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total value of $358,938.80. Following the completion of the sale, the senior vice president owned 7,209 shares in the company, valued at $459,934.20. The trade was a 43.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.58% of the stock is owned by company insiders.

Key Ball News

Here are the key news stories impacting Ball this week:

• Positive Sentiment: Ball Corporation’s most recently provided quarterly results were constructive: adjusted EPS of $1.03 exceeded the $0.99 consensus estimate, while revenue of $4.0 billion surpassed expectations and increased 19.7% year over year. However, this information predates the submitted articles and is not a new catalyst.
• Neutral Sentiment: Several articles discuss Dragon Ball Super, including a Burger King promotional meal featuring collectible figurines and a special sauce. These stories concern the Dragon Ball entertainment franchise and have no connection to Ball Corporation. Dragon Ball Burger King crossover
• Neutral Sentiment: Other coverage focuses on updates and rankings for Dragon Ball video games and characters, which are unrelated to Ball Corporation’s packaging operations. Dragon Ball Gekishin Squadra update
• Neutral Sentiment: The golf articles examine how water affects a golf-ball shot and rules for searching for a lost ball; they do not involve Ball Corporation. Water’s effect on a golf ball
• Neutral Sentiment: Articles about Ball State University football also use “Ball” in an unrelated proper name and provide no information about Ball Corporation. Ball State football season prediction

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.