State of Wyoming Acquires 13,528 Shares of Ball Corporation $BALL

State of Wyoming boosted its holdings in shares of Ball Corporation (NYSE:BALL) by 2,007.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,202 shares of the company’s stock after acquiring an additional 13,528 shares during the period. State of Wyoming’s holdings in Ball were worth $839,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Meridian Wealth Management LLC increased its stake in shares of Ball by 2.7% during the fourth quarter. Meridian Wealth Management LLC now owns 6,295 shares of the company’s stock valued at $333,000 after purchasing an additional 165 shares in the last quarter. Western Wealth Management LLC lifted its holdings in shares of Ball by 3.2% during the fourth quarter. Western Wealth Management LLC now owns 6,752 shares of the company’s stock valued at $358,000 after purchasing an additional 208 shares during the last quarter. Harbour Investments Inc. boosted its position in shares of Ball by 44.1% in the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after purchasing an additional 222 shares in the last quarter. Patton Fund Management Inc. boosted its position in shares of Ball by 5.7% in the 4th quarter. Patton Fund Management Inc. now owns 4,604 shares of the company’s stock worth $244,000 after purchasing an additional 248 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Ball by 8.3% in the 1st quarter. Parallel Advisors LLC now owns 3,490 shares of the company’s stock worth $206,000 after buying an additional 267 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Price Performance

Shares of BALL opened at $62.22 on Friday. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29. The company has a market capitalization of $16.57 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 1.23 and a beta of 0.98. The firm has a 50 day moving average of $58.56 and a 200 day moving average of $60.08. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 1.25.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, May 5th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.85 by $0.09. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.34 billion. Ball had a return on equity of 18.69% and a net margin of 6.86%.The company’s revenue was up 16.3% compared to the same quarter last year. During the same period last year, the business posted $0.76 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities research analysts anticipate that Ball Corporation will post 3.99 earnings per share for the current fiscal year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, June 1st. Ball’s dividend payout ratio is presently 23.12%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. UBS Group reduced their price objective on Ball from $66.00 to $64.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings raised Ball from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Raymond James Financial set a $73.00 target price on Ball and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft started coverage on Ball in a report on Wednesday, April 1st. They set a “buy” rating and a $72.00 price target for the company. Finally, Royal Bank Of Canada upped their price target on shares of Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.85.

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.