Cibc World Market Inc. Purchases New Stake in Ball Corporation $BALL

Cibc World Market Inc. acquired a new position in shares of Ball Corporation (NYSE:BALL) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 18,116 shares of the company’s stock, valued at approximately $1,130,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new stake in shares of Ball during the third quarter worth $26,000. Basecamp Wealth Advisors LLC lifted its position in shares of Ball by 135.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock worth $28,000 after buying an additional 274 shares during the last quarter. Gilpin Wealth Management LLC acquired a new position in shares of Ball in the 4th quarter valued at about $29,000. Trust Co. of Vermont acquired a new position in shares of Ball in the 2nd quarter valued at about $37,000. Finally, Harbour Investments Inc. grew its position in shares of Ball by 44.1% during the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock valued at $38,000 after buying an additional 222 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Performance

Shares of BALL opened at $63.43 on Friday. The firm has a fifty day moving average of $62.59 and a 200-day moving average of $61.19. The company has a market cap of $16.79 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.23 and a beta of 0.98. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.66 and a current ratio of 1.07. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29.

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

Ball Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.20 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 1.3%. Ball’s dividend payout ratio is 22.66%.

Wall Street Analyst Weigh In

BALL has been the topic of several research reports. Mizuho set a $72.00 price objective on shares of Ball in a research note on Wednesday, August 5th. Bank of America lifted their target price on Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. UBS Group upped their target price on Ball from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $65.00 price target (up from $60.00) on shares of Ball in a research report on Wednesday, August 5th. Finally, Citigroup downgraded Ball from a “buy” rating to a “reduce” rating in a report on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.69.

Insider Buying and Selling

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

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.