Bank of New York Mellon Corp Increases Holdings in Ball Corporation $BALL

Bank of New York Mellon Corp increased its stake in shares of Ball Corporation (NYSE:BALL) by 5.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,254,022 shares of the company’s stock after purchasing an additional 112,623 shares during the period. Bank of New York Mellon Corp’s holdings in Ball were worth $119,396,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BALL. GoalVest Advisory LLC bought a new position in Ball in the 4th quarter valued at $25,000. Board of the Pension Protection Fund bought a new position in shares of Ball in the fourth quarter worth $26,000. Triumph Capital Management bought a new stake in shares of Ball during the 3rd quarter valued at about $26,000. Harbour Investments Inc. grew its holdings in shares of Ball by 44.1% during 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. Finally, Trust Co. of Vermont grew its stake in Ball by 297.0% in 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 in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

Shares of BALL opened at $52.93 on Monday. The company has a 50-day simple moving average of $58.84 and a two-hundred day simple moving average of $57.74. 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 $14.09 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01. Ball Corporation has a one year low of $44.83 and a one year high of $68.29.

Ball (NYSE:BALL) last released its 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 return on equity of 18.69% and a net margin of 6.86%.The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.34 billion. During the same quarter last year, the business posted $0.76 EPS. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. On average, analysts anticipate that Ball Corporation will post 3.99 EPS for the current fiscal year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.5%. Ball’s dividend payout ratio (DPR) is currently 23.12%.

Analyst Ratings Changes

Several research firms have commented on BALL. Royal Bank Of Canada reissued an “outperform” rating on shares of Ball in a research note on Friday, April 17th. Weiss Ratings lowered Ball from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. 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 target price on the stock. UBS Group lowered their price target on shares of Ball from $66.00 to $64.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Finally, 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 report on Wednesday, April 15th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.54.

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.