Royal Bank of Canada Boosts Stock Holdings in Ball Corporation $BALL

Royal Bank of Canada raised its position in shares of Ball Corporation (NYSE:BALL) by 27.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 331,898 shares of the company’s stock after acquiring an additional 71,240 shares during the quarter. Royal Bank of Canada’s holdings in Ball were worth $19,619,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BALL. Triumph Capital Management acquired a new stake in shares of Ball in the third quarter worth approximately $26,000. Gilpin Wealth Management LLC acquired a new position in Ball in the 4th quarter valued at $29,000. Harbour Investments Inc. lifted its holdings in Ball by 44.1% in the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock valued at $38,000 after purchasing an additional 222 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in Ball in the 2nd quarter valued at $46,000. Finally, EFG International AG acquired a new stake in Ball during the 4th quarter worth $55,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Stock Down 0.6%

Shares of NYSE:BALL opened at $63.14 on Friday. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29. The stock has a market cap of $16.71 billion, a P/E ratio of 17.89, a PEG ratio of 1.23 and a beta of 0.98. The business has a fifty day moving average of $60.27 and a two-hundred day moving average of $60.76. The company has a quick ratio of 0.72, a current ratio of 1.07 and a debt-to-equity ratio of 1.13.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.99 by $0.04. The business had revenue of $4 billion for 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 quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. On average, research analysts expect that Ball Corporation will post 4.06 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 paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. Ball’s payout ratio is 22.66%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BALL. Wells Fargo & Company upped their target price on shares of Ball from $71.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday. Truist Financial set a $78.00 price target on shares of Ball in a research report on Wednesday. Bank of America upped their price objective on shares of Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $65.00 price objective (up from $60.00) on shares of Ball in a report on Wednesday. Finally, Mizuho set a $72.00 target price on shares of Ball in a research note on Wednesday. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.69.

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.