Ball Corporation $BALL Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC increased its stake in Ball Corporation (NYSE:BALL) by 11.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,946,218 shares of the company’s stock after purchasing an additional 195,573 shares during the quarter. Hsbc Holdings PLC’s holdings in Ball were worth $103,178,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BALL. Norges Bank purchased a new stake in Ball during the fourth quarter worth about $178,025,000. Dimensional Fund Advisors LP lifted its position in shares of Ball by 47.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,658,732 shares of the company’s stock valued at $299,749,000 after acquiring an additional 1,830,434 shares during the period. M&G PLC boosted its stake in shares of Ball by 242.9% during the 4th quarter. M&G PLC now owns 2,326,812 shares of the company’s stock worth $123,321,000 after acquiring an additional 1,648,303 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Ball by 1,465.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock worth $73,746,000 after acquiring an additional 1,230,791 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Ball by 5.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock valued at $1,000,429,000 after purchasing an additional 999,690 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Key Stories Impacting Ball

Here are the key news stories impacting Ball this week:

• Positive Sentiment: Brokerage coverage remains constructive, with Ball Corporation receiving a consensus rating of “Moderate Buy”, which can support investor confidence in the stock. Ball Corporation (NYSE:BALL) Given Consensus Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Several articles about a July 4th “Times Square ball” drop refer to the New York celebration ball, not Ball Corporation, so they are unlikely to move BALL shares. Times Square ball to drop 8 times in New York City: Timeline, other details
• Neutral Sentiment: Other headlines about the “high-tech ball” used in World Cup technology also appear unrelated to Ball Corporation’s packaging business and are not expected to affect the stock. This high-tech ball was involved in one of the most dramatic moments in World Cup history

Analyst Upgrades and Downgrades

BALL has been the topic of a number of research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ball in a research report on Friday, April 17th. Truist Financial raised their price target on Ball from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. raised Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price target for the company in a research note on Monday, May 18th. UBS Group decreased their price objective on shares of Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Finally, Citigroup lowered their price objective on shares of Ball from $74.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.54.

Ball Trading Down 0.1%

Shares of Ball stock opened at $63.35 on Friday. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29. 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 business has a 50 day moving average price of $57.83 and a 200 day moving average price of $59.11. The company has a market capitalization of $16.87 billion, a P/E ratio of 18.31, a P/E/G ratio of 1.24 and a beta of 0.98.

Ball (NYSE:BALL) last announced 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. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.34 billion. Ball had a return on equity of 18.69% and a net margin of 6.86%.Ball’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts anticipate that Ball Corporation will post 3.99 EPS for the current fiscal year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend 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 (DPR) is presently 23.12%.

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.