JPMorgan Chase & Co. Sells 406,578 Shares of Ball Corporation $BALL

JPMorgan Chase & Co. reduced its position in shares of Ball Corporation (NYSE:BALL) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,803,482 shares of the company’s stock after selling 406,578 shares during the period. JPMorgan Chase & Co. owned about 2.91% of Ball worth $393,452,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BALL. Norges Bank bought a new position in shares of Ball during the 2nd quarter worth approximately $192,463,000. AQR Capital Management LLC boosted its holdings in Ball by 1,465.3% during the second quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock worth $73,746,000 after purchasing an additional 1,230,791 shares during the last quarter. ABN Amro Investment Solutions bought a new position in Ball in the second quarter valued at $43,732,000. Bank of America Corp DE increased its stake in Ball by 55.1% in the 2nd quarter. Bank of America Corp DE now owns 2,055,094 shares of the company’s stock valued at $115,270,000 after buying an additional 730,462 shares during the last quarter. Finally, Man Group plc lifted its position in Ball by 221.9% during the 2nd quarter. Man Group plc now owns 517,424 shares of the company’s stock worth $29,022,000 after buying an additional 356,672 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

BALL has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Ball in a report on Monday, December 29th. Truist Financial upped their price objective on Ball from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. UBS Group reissued a “neutral” rating and issued a $66.00 target price on shares of Ball in a research note on Wednesday, February 4th. Mizuho upped their price target on shares of Ball from $58.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Ball in a research report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $68.46.

Ball Trading Down 0.4%

Shares of Ball stock opened at $66.30 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.11 and a quick ratio of 0.72. The business has a fifty day simple moving average of $57.11 and a two-hundred day simple moving average of $52.41. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $68.29. The company has a market capitalization of $17.77 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 1.32 and a beta of 1.13.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.01. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.11 billion. Ball had a net margin of 6.93% and a return on equity of 18.10%. The company’s revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. Research analysts forecast that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.80 annualized dividend and a yield of 1.2%. Ball’s dividend payout ratio (DPR) is 24.10%.

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.