Ball Corporation $BALL Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its holdings in shares of Ball Corporation (NYSE:BALL) by 14.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 248,973 shares of the company’s stock after selling 41,427 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Ball were worth $12,553,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Nordea Investment Management AB boosted its position in shares of Ball by 48.3% during the 2nd quarter. Nordea Investment Management AB now owns 72,657 shares of the company’s stock valued at $4,074,000 after acquiring an additional 23,657 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new stake in Ball during the third quarter worth about $583,000. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Ball by 4.8% during the second 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 period. Iridian Asset Management LLC CT boosted its holdings 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 purchasing an additional 19,776 shares during the last quarter. Finally, Rakuten Investment Management Inc. purchased a new stake in shares of Ball in the 3rd quarter valued at approximately $464,000. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Price Performance

BALL stock opened at $66.50 on Wednesday. The business’s fifty day moving average price is $56.74 and its 200 day moving average price is $52.32. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $68.29. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $17.82 billion, a PE ratio of 20.03, a P/E/G ratio of 1.34 and a beta of 1.13.

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

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, March 2nd. Ball’s dividend payout ratio is presently 24.10%.

Wall Street Analyst Weigh In

Several research firms have recently commented on BALL. JPMorgan Chase & Co. lifted their price target on shares of Ball from $50.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Wells Fargo & Company lifted their target price on Ball from $60.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Jefferies Financial Group increased their price target on Ball from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. UBS Group reissued a “neutral” rating and set a $66.00 price objective on shares of Ball in a research report on Wednesday, February 4th. Finally, Morgan Stanley set a $66.00 target price on shares of Ball in a research report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ball has a consensus rating of “Moderate Buy” and an average price target of $68.46.

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.