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

Hsbc Holdings PLC grew its position in shares of Ball Corporation (NYSE:BALL) by 11.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,946,218 shares of the company’s stock after buying 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 reporting period.

Several other hedge funds also recently modified their holdings of BALL. Arwa LLC bought a new position in shares of Ball in the fourth quarter valued at approximately $501,000. MidFirst Bank bought a new stake in Ball during the 4th quarter worth approximately $1,869,000. DiPaolo Financial Group Inc. bought a new stake in Ball during the 4th quarter worth approximately $390,000. Kera Capital Partners Inc. acquired a new stake in Ball during the 4th quarter valued at $387,000. Finally, Talisman Wealth Advisors LLC acquired a new stake in Ball during the 4th quarter valued at $606,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Performance

Shares of Ball stock opened at $57.79 on Monday. 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 firm has a 50 day simple moving average of $58.17 and a 200 day simple moving average of $58.27. Ball Corporation has a fifty-two week low of $44.83 and a fifty-two week high of $68.29. The firm has a market cap of $15.39 billion, a P/E ratio of 16.70, a P/E/G ratio of 1.13 and a beta of 1.01.

Ball (NYSE:BALL) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.09. The firm 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 business’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts predict that Ball Corporation will post 3.99 earnings per share for the current fiscal year.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders 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 dividend yield of 1.4%. Ball’s payout ratio is presently 23.12%.

Analysts Set New Price Targets

Several equities analysts have issued reports on BALL shares. JPMorgan Chase & Co. upgraded Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price objective for the company in a research report on Monday, May 18th. Royal Bank Of Canada restated an “outperform” rating on shares of Ball in a report on Friday, April 17th. UBS Group lowered their target price on Ball from $66.00 to $64.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Truist Financial lifted their price target on Ball from $75.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Finally, Raymond James Financial set a $73.00 price target on shares of Ball and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.54.

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.