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

Bank of New York Mellon Corp lifted its position in Ball Corporation (NYSE:BALL) by 3.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 2,324,110 shares of the company’s stock after buying an additional 70,088 shares during the period. Bank of New York Mellon Corp’s holdings in Ball were worth $137,378,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of Ball by 41.2% in the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock valued at $289,000 after purchasing an additional 1,531 shares in the last quarter. AQR Capital Management LLC increased its holdings in Ball by 402.8% during the first quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock valued at $4,356,000 after buying an additional 67,289 shares during the period. Empowered Funds LLC raised its stake in Ball by 10.6% in the first quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock worth $321,000 after buying an additional 590 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Ball in the second quarter worth approximately $453,000. Finally, Jump Financial LLC purchased a new stake in Ball during the second quarter worth $696,000. 86.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BALL shares. Deutsche Bank Aktiengesellschaft started coverage on Ball in a research report on Wednesday, April 1st. They set a “buy” rating and a $72.00 target price on the stock. Wells Fargo & Company upped their price objective on Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Raymond James Financial set a $73.00 price objective on Ball and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Bank of America lifted their target price on Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, Citigroup reduced their target price on shares of Ball from $73.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $70.85.

Ball Trading Up 0.0%

Shares of Ball stock opened at $62.74 on Monday. The firm has a market capitalization of $16.70 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 1.23 and a beta of 0.98. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. The firm’s 50 day simple moving average is $58.14 and its two-hundred day simple moving average is $59.82. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29.

Ball (NYSE:BALL) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.94 EPS 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 company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.34 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The firm’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 predict that Ball Corporation will post 3.99 EPS for the current year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.20 per share. The ex-dividend date was Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. Ball’s payout ratio is currently 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.