Ball Corporation $BALL Shares Acquired by Royal Bank of Canada

Royal Bank of Canada lifted its position in Ball Corporation (NYSE:BALL) by 27.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 331,898 shares of the company’s stock after purchasing an additional 71,240 shares during the quarter. Royal Bank of Canada owned about 0.12% of Ball worth $19,619,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Meridian Wealth Management LLC raised its position in Ball by 2.7% during the 4th quarter. Meridian Wealth Management LLC now owns 6,295 shares of the company’s stock worth $333,000 after buying an additional 165 shares during the last quarter. Western Wealth Management LLC lifted its stake in Ball by 3.2% during the 4th quarter. Western Wealth Management LLC now owns 6,752 shares of the company’s stock valued at $358,000 after acquiring an additional 208 shares during the period. Evelyn Partners Investment Management LLP boosted its holdings in shares of Ball by 11.3% in the 1st quarter. Evelyn Partners Investment Management LLP now owns 2,144 shares of the company’s stock valued at $127,000 after acquiring an additional 218 shares during the last quarter. Harbour Investments Inc. increased its stake in shares of Ball by 44.1% in the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after acquiring an additional 222 shares during the period. Finally, Patton Fund Management Inc. increased its stake in shares of Ball by 5.7% in the fourth quarter. Patton Fund Management Inc. now owns 4,604 shares of the company’s stock worth $244,000 after acquiring an additional 248 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. Citigroup downgraded Ball from a “buy” rating to a “reduce” rating in a research report on Wednesday. Mizuho set a $72.00 price objective on Ball in a research note on Wednesday. Raymond James Financial set a $73.00 price objective on Ball and gave the company an “outperform” rating in a report on Tuesday, April 21st. Finally, Truist Financial set a $78.00 target price on Ball in a research note on Wednesday. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.69.

Ball Stock Down 0.6%

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

Ball (NYSE:BALL) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. Ball had a return on equity of 18.76% and a net margin of 6.61%.The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the previous year, the business earned $0.90 earnings per share. The business’s revenue was up 19.7% compared to the same quarter last year. 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 Dividend Announcement

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

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.