Hsbc Holdings PLC Lowers Stock Holdings in Ball Corporation $BALL

Hsbc Holdings PLC reduced its stake in Ball Corporation (NYSE:BALL) by 13.3% during the first quarter, Holdings Channel.com reports. The fund owned 1,687,557 shares of the company’s stock after selling 258,661 shares during the quarter. Hsbc Holdings PLC’s holdings in Ball were worth $99,494,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Brighton Jones LLC grew its stake in Ball by 41.2% in the fourth quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock worth $289,000 after purchasing an additional 1,531 shares in the last quarter. AQR Capital Management LLC raised its position in Ball by 402.8% during the 1st quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock valued at $4,356,000 after purchasing an additional 67,289 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Ball by 10.6% in the 1st quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock worth $321,000 after buying an additional 590 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of Ball in the 2nd quarter worth $453,000. Finally, Jump Financial LLC bought a new position in shares of Ball during the 2nd quarter worth $696,000. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Price Performance

Shares of BALL stock opened at $62.74 on Monday. Ball Corporation has a fifty-two week low of $44.83 and a fifty-two week high of $68.29. The firm has a market capitalization of $16.70 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 1.23 and a beta of 0.98. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.12. The stock’s 50-day simple moving average is $58.14 and its 200-day simple moving average is $59.82.

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

Ball Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Royal Bank Of Canada raised their price target on Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft began coverage on shares of Ball in a research note on Wednesday, April 1st. They issued a “buy” rating and a $72.00 price objective for the company. Truist Financial increased their target price on shares of Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Bank of America raised their target price on shares of Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Raymond James Financial set a $73.00 price target on shares of Ball and gave the company an “outperform” rating in a report on Tuesday, April 21st. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Ball presently has a consensus rating of “Moderate Buy” and an average price target of $70.85.

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.