Ball Corporation $BALL Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC lessened its stake in Ball Corporation (NYSE:BALL) by 79.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,176 shares of the company’s stock after selling 77,488 shares during the period. Wealthfront Advisers LLC’s holdings in Ball were worth $1,017,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB raised its position in Ball by 48.3% during the second quarter. Nordea Investment Management AB now owns 72,657 shares of the company’s stock worth $4,074,000 after acquiring an additional 23,657 shares during the period. Endeavor Private Wealth Inc. purchased a new stake in shares of Ball during the third quarter worth about $583,000. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Ball by 4.8% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 254,445 shares of the company’s stock worth $14,272,000 after purchasing an additional 11,731 shares during the last quarter. Iridian Asset Management LLC CT lifted its stake in Ball by 73.7% in the 3rd quarter. Iridian Asset Management LLC CT now owns 46,624 shares of the company’s stock valued at $2,351,000 after buying an additional 19,776 shares in the last quarter. Finally, Rakuten Investment Management Inc. purchased a new position in Ball in the 3rd quarter valued at about $464,000. 86.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JPMorgan Chase & Co. increased their target price on Ball from $50.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ball in a research report on Monday, December 29th. Wells Fargo & Company increased their price objective on Ball from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Robert W. Baird set a $75.00 price objective on Ball in a report on Wednesday, February 4th. Finally, Citigroup upped their target price on shares of Ball from $67.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.46.

Ball Stock Performance

Shares of Ball stock opened at $67.30 on Monday. Ball Corporation has a one year low of $43.51 and a one year high of $68.29. The company has a market cap of $18.04 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 1.34 and a beta of 1.13. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.72 and a current ratio of 1.11. The business’s 50 day moving average price is $55.95 and its 200 day moving average price is $52.18.

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

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend 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.