Palisade Asset Management LLC Sells 21,492 Shares of Ball Corporation $BALL

Palisade Asset Management LLC lowered its stake in shares of Ball Corporation (NYSE:BALL) by 12.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 146,718 shares of the company’s stock after selling 21,492 shares during the quarter. Palisade Asset Management LLC’s holdings in Ball were worth $7,772,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Meridian Wealth Management LLC lifted its stake in Ball by 2.7% during the 4th quarter. Meridian Wealth Management LLC now owns 6,295 shares of the company’s stock valued at $333,000 after acquiring an additional 165 shares during the period. 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. Harbour Investments Inc. lifted its stake in Ball by 44.1% during the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock valued at $38,000 after acquiring an additional 222 shares during the period. Patton Fund Management Inc. lifted its stake in Ball by 5.7% during the 4th quarter. Patton Fund Management Inc. now owns 4,604 shares of the company’s stock valued at $244,000 after acquiring an additional 248 shares during the period. Finally, Hantz Financial Services Inc. lifted its stake in Ball by 26.4% during the 4th quarter. Hantz Financial Services Inc. now owns 1,529 shares of the company’s stock valued at $81,000 after acquiring an additional 319 shares during the period. Institutional investors own 86.51% of the company’s stock.

Ball Price Performance

Shares of NYSE:BALL opened at $56.93 on Monday. The firm’s 50 day moving average price is $58.41 and its 200-day moving average price is $57.97. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $15.16 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.09. Ball had a net margin of 6.86% and a return on equity of 18.69%. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.34 billion. During the same quarter in the prior year, the business earned $0.76 EPS. The business’s quarterly revenue was up 16.3% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. Equities research analysts expect that Ball Corporation will post 3.99 EPS for the current year.

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, June 1st. Ball’s dividend payout ratio is 23.12%.

Analysts Set New Price Targets

Several equities analysts have issued reports on BALL shares. Royal Bank Of Canada restated an “outperform” rating on shares of Ball in a research note on Friday, April 17th. UBS Group lowered their target price on shares of Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Citigroup lowered their target price on shares of Ball from $74.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Weiss Ratings cut shares of Ball from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Ball in a research note on Wednesday, April 1st. They issued a “buy” rating and a $72.00 price objective on the stock. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.54.

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.