CHICAGO TRUST Co NA Cuts Stock Position in Ball Corporation $BALL

CHICAGO TRUST Co NA lessened its holdings in Ball Corporation (NYSE:BALL) by 70.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,189 shares of the company’s stock after selling 12,350 shares during the period. CHICAGO TRUST Co NA’s holdings in Ball were worth $307,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BALL. GoalVest Advisory LLC bought a new stake in shares of Ball in the 4th quarter worth about $25,000. Board of the Pension Protection Fund bought a new position in shares of Ball in the 4th quarter valued at about $26,000. Triumph Capital Management bought a new position in shares of Ball in the 3rd quarter valued at about $26,000. Gilpin Wealth Management LLC purchased a new position in Ball in the fourth quarter worth about $29,000. Finally, Harbour Investments Inc. grew its position in Ball by 44.1% in the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after acquiring an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BALL shares. Truist Financial upped their price objective on Ball from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Weiss Ratings raised shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Raymond James Financial set a $73.00 target price on shares of Ball and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft started coverage on shares of Ball in a research note on Wednesday, April 1st. They set a “buy” rating and a $72.00 price target for the company. Finally, JPMorgan Chase & Co. upgraded shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price target on the stock in a report on Monday, May 18th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ball presently has an average rating of “Moderate Buy” and an average price target of $69.54.

Ball Price Performance

BALL opened at $63.35 on Friday. The business has a fifty day moving average of $57.82 and a 200 day moving average of $59.08. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 1.25. The stock has a market cap of $16.87 billion, a P/E ratio of 18.31, a PEG ratio of 1.20 and a beta of 0.98.

Ball (NYSE:BALL) last released its earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, topping 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 business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same quarter last year, the firm posted $0.76 earnings per share. 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. As a group, sell-side analysts anticipate that Ball Corporation will post 3.99 EPS for the current year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued 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 1.3%. Ball’s dividend payout ratio is presently 23.12%.

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.