Downshift Financial LLC Buys New Shares in Ball Corporation $BALL

Downshift Financial LLC bought a new position in Ball Corporation (NYSE:BALL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,265 shares of the company’s stock, valued at approximately $491,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meridian Wealth Management LLC raised its stake in shares of Ball by 2.7% in the fourth quarter. Meridian Wealth Management LLC now owns 6,295 shares of the company’s stock worth $333,000 after purchasing an additional 165 shares during the last quarter. Western Wealth Management LLC boosted its position in Ball by 3.2% in the fourth quarter. Western Wealth Management LLC now owns 6,752 shares of the company’s stock valued at $358,000 after buying an additional 208 shares during the last quarter. Harbour Investments Inc. increased its holdings in Ball by 44.1% in the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after buying an additional 222 shares during the period. Patton Fund Management Inc. increased its holdings in Ball by 5.7% in the 4th quarter. Patton Fund Management Inc. now owns 4,604 shares of the company’s stock worth $244,000 after buying an additional 248 shares during the period. Finally, Hantz Financial Services Inc. raised its position in Ball by 26.4% during the 4th quarter. Hantz Financial Services Inc. now owns 1,529 shares of the company’s stock worth $81,000 after buying an additional 319 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Trading Up 0.1%

Ball stock opened at $57.79 on Friday. The firm has a market cap of $15.39 billion, a PE ratio of 16.70, a P/E/G ratio of 1.13 and a beta of 1.01. Ball Corporation has a 12 month low of $44.83 and a 12 month high of $68.29. The stock’s 50 day simple moving average is $58.17 and its two-hundred day simple moving average is $58.20. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25.

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

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.20 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.4%. Ball’s dividend payout ratio is 23.12%.

Wall Street Analyst Weigh In

Several analysts have commented on BALL shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ball in a research note on Wednesday, April 1st. They set a “buy” rating and a $72.00 price objective for the company. UBS Group reduced their target price 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. Citigroup decreased their target price on shares of Ball from $74.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Weiss Ratings lowered shares of Ball from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Finally, Raymond James Financial set a $73.00 price target on Ball and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.54.

Ball Company 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.