PNC Financial Services Group Inc. Has $29.46 Million Stake in Ball Corporation $BALL

PNC Financial Services Group Inc. reduced its stake in Ball Corporation (NYSE:BALL) by 13.1% during the 1st quarter, HoldingsChannel reports. The fund owned 498,358 shares of the company’s stock after selling 74,806 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Ball were worth $29,458,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new position in shares of Ball during the third quarter worth about $26,000. Gilpin Wealth Management LLC bought a new stake in shares of Ball in the fourth quarter worth $29,000. Harbour Investments Inc. lifted its position 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 purchasing an additional 222 shares in the last quarter. Trust Co. of Vermont boosted its stake in shares of Ball by 297.0% during the 4th quarter. Trust Co. of Vermont now owns 802 shares of the company’s stock worth $42,000 after buying an additional 600 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Ball in the second quarter valued at about $46,000. 86.51% of the stock is owned by institutional investors and hedge funds.

Ball Price Performance

Shares of BALL opened at $63.84 on Friday. The company’s 50-day moving average is $58.74 and its 200-day moving average is $60.11. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.12 and a quick ratio of 0.72. The firm has a market capitalization of $17.00 billion, a PE ratio of 18.45, a PEG ratio of 1.22 and a beta of 0.98. Ball Corporation has a fifty-two week low of $44.83 and a fifty-two week high of $68.29.

Ball (NYSE:BALL) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. Ball had a net margin of 6.86% and a return on equity of 18.69%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same quarter in the prior year, the business earned $0.76 EPS. Ball’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 analysts forecast that Ball Corporation will post 3.99 EPS for the current year.

Ball Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BALL. Wells Fargo & Company increased their price target on Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. 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 report on Thursday, July 9th. Truist Financial increased their price target on shares of Ball from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Bank of America lifted their price objective 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, JPMorgan Chase & Co. upgraded shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price objective on the stock in a research note on Monday, May 18th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.85.

Ball 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.