MBL Wealth LLC Buys 9,174 Shares of Ball Corporation $BALL

MBL Wealth LLC bought a new stake in Ball Corporation (NYSE:BALL) during the 3rd quarter, HoldingsChannel reports. The firm bought 9,174 shares of the company’s stock, valued at approximately $514,000.

Other institutional investors have also bought and sold shares of the company. Sepio Capital LP grew its holdings in Ball by 24.9% during the 3rd quarter. Sepio Capital LP now owns 9,227 shares of the company’s stock worth $517,000 after acquiring an additional 1,838 shares during the period. Adams Natural Resources Fund Inc. raised its position in shares of Ball by 362.0% in the 3rd quarter. Adams Natural Resources Fund Inc. now owns 75,300 shares of the company’s stock worth $4,219,000 after acquiring an additional 59,000 shares in the last quarter. E. Ohman J or Asset Management AB lifted its stake in shares of Ball by 6,582.4% in the 3rd quarter. E. Ohman J or Asset Management AB now owns 454,400 shares of the company’s stock valued at $25,460,000 after purchasing an additional 447,600 shares during the period. SBI Securities Co. Ltd. lifted its stake in shares of Ball by 4,130.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 5,077 shares of the company’s stock valued at $284,000 after purchasing an additional 4,957 shares during the period. Finally, Axxcess Wealth Management LLC bought a new stake in shares of Ball during the 3rd quarter valued at about $240,000. Institutional investors own 86.51% of the company’s stock.

Ball Price Performance

Shares of NYSE BALL opened at $64.76 on Friday. The firm has a market capitalization of $17.14 billion, a P/E ratio of 18.35, a P/E/G ratio of 1.30 and a beta of 0.96. The firm’s 50-day moving average price is $60.91 and its 200-day moving average price is $60.41. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the business posted $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Equities research analysts anticipate that Ball Corporation will post 4.01 earnings per share for the current fiscal year.

Ball Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 1st. Ball’s dividend payout ratio is 22.66%.

Insider Transactions at Ball

In other Ball news, SVP Mandy Glew sold 5,626 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total value of $358,938.80. Following the transaction, the senior vice president owned 7,209 shares in the company, valued at approximately $459,934.20. This represents a 43.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.58% of the company’s stock.

Wall Street Analysts Forecast Growth

BALL has been the topic of several research analyst reports. UBS Group decreased their target price on Ball from $66.00 to $63.00 and set a “neutral” rating for the company in a research note on Monday, October 5th. Wells Fargo & Company lowered their target price on Ball from $72.00 to $70.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Truist Financial set a $78.00 price target on Ball in a research note on Wednesday, August 5th. Weiss Ratings upgraded Ball from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 9th. Finally, Royal Bank Of Canada reduced their price objective on shares of Ball from $77.00 to $73.00 and set an “outperform” rating for the company in a research report on Tuesday, October 13th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $71.00.

About Ball

Ball Corporation is a global supplier of sustainable aluminum packaging. The company primarily manufactures aluminum beverage cans, bottles and cups used by beer, soft-drink, energy-drink and other beverage companies. Its products are designed to support brand presentation, product protection and recycling throughout the packaging lifecycle.

Ball serves customers across North and South America, Europe and other international markets through a network of manufacturing facilities. The company also develops and markets aluminum packaging products for additional consumer and household applications, including its reusable and recyclable Ball Aluminum Cup.

Founded in 1880 as a manufacturer of glass containers, Ball evolved into a major producer of metal packaging and became particularly known for its aluminum beverage cans.