Hsbc Holdings PLC Buys 195,573 Shares of Ball Corporation $BALL

Hsbc Holdings PLC grew its stake in Ball Corporation (NYSE:BALL) by 11.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,946,218 shares of the company’s stock after buying an additional 195,573 shares during the period. Hsbc Holdings PLC owned approximately 0.73% of Ball worth $103,178,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Arwa LLC bought a new stake in Ball during the fourth quarter worth approximately $501,000. MidFirst Bank bought a new position in shares of Ball in the fourth quarter valued at approximately $1,869,000. DiPaolo Financial Group Inc. bought a new position in shares of Ball in the fourth quarter valued at approximately $390,000. Kera Capital Partners Inc. acquired a new stake in shares of Ball in the fourth quarter worth $387,000. Finally, Talisman Wealth Advisors LLC acquired a new stake in shares of Ball in the fourth quarter worth $606,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BALL shares. Raymond James Financial set a $73.00 target price on shares of Ball and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Wells Fargo & Company boosted their target price on shares of Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Weiss Ratings cut shares of Ball from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. UBS Group lowered their price target on Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Ball in a research note on Wednesday, April 1st. They issued a “buy” rating and a $72.00 price objective on the stock. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $69.54.

Ball Trading Up 0.1%

Shares of BALL stock opened at $57.79 on Monday. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29. The firm’s fifty day simple moving average is $58.17 and its 200 day simple moving average is $58.27. The firm has a market capitalization of $15.39 billion, a P/E ratio of 16.70, a price-to-earnings-growth ratio of 1.13 and a beta of 1.01. 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 issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.34 billion. Ball had a net margin of 6.86% and a return on equity of 18.69%. The business’s revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, sell-side analysts predict that Ball Corporation will post 3.99 EPS for the current year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, June 1st. Ball’s dividend payout ratio (DPR) 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.