Ball Corporation $BALL Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its holdings in shares of Ball Corporation (NYSE:BALL) by 22.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,046 shares of the company’s stock after selling 8,603 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ball were worth $1,776,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on BALL. Truist Financial lifted 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. Weiss Ratings raised shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. JPMorgan Chase & Co. raised Ball from a “neutral” rating to an “overweight” rating and set a $60.00 target price for the company in a research note on Monday, May 18th. Citigroup decreased their target price on Ball from $73.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Ball in a research note on Wednesday, April 1st. They issued a “buy” rating and a $72.00 price target on the stock. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ball presently has a consensus rating of “Moderate Buy” and an average target price of $69.92.

Ball Stock Up 1.2%

Shares of NYSE BALL opened at $61.00 on Friday. The business has a 50-day moving average price of $57.83 and a 200 day moving average price of $59.43. The stock has a market cap of $16.24 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.18 and a beta of 0.98. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 1.25. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29.

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

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, June 1st. Ball’s dividend payout ratio is 23.12%.

About Ball

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.