Compagnie Lombard Odier SCmA Acquires Shares of 188,654 Ball Corporation $BALL

Compagnie Lombard Odier SCmA bought a new stake in Ball Corporation (NYSE:BALL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 188,654 shares of the company’s stock, valued at approximately $11,772,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Triumph Capital Management acquired a new position in shares of Ball during the third quarter valued at $26,000. Basecamp Wealth Advisors LLC increased its position in Ball by 135.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock worth $28,000 after purchasing an additional 274 shares during the period. Gilpin Wealth Management LLC acquired a new stake in Ball in the fourth quarter worth about $29,000. Harbour Investments Inc. raised its holdings in Ball by 44.1% during the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after purchasing an additional 222 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in Ball during the 2nd quarter worth about $46,000. Institutional investors own 86.51% of the company’s stock.

Ball Trading Down 0.4%

NYSE:BALL opened at $61.91 on Friday. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29. The business’s 50-day moving average price is $61.17 and its two-hundred day moving average price is $60.98. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $16.39 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.19 and a beta of 0.98.

Ball (NYSE:BALL) last posted its earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%.The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. On average, equities analysts expect that Ball Corporation will post 4.02 earnings per share for the current year.

Ball Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. UBS Group raised their target price on shares of Ball from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Weiss Ratings raised shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Truist Financial set a $78.00 price objective on shares of Ball in a report on Wednesday, August 5th. Citigroup cut shares of Ball from a “buy” rating to a “reduce” rating in a research note on Wednesday, August 5th. Finally, Raymond James Financial set a $73.00 target price on shares of Ball and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $71.69.

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.