Ball Corporation $BALL Shares Acquired by Saudi Central Bank

Saudi Central Bank raised its holdings in shares of Ball Corporation (NYSE:BALL) by 88.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,699 shares of the company’s stock after buying an additional 8,302 shares during the period. Saudi Central Bank’s holdings in Ball were worth $1,104,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Triumph Capital Management bought a new stake in shares of Ball during the 3rd quarter worth $26,000. Basecamp Wealth Advisors LLC boosted its position in shares of Ball by 135.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $28,000 after purchasing an additional 274 shares during the period. Gilpin Wealth Management LLC acquired a new position in shares of Ball in the 4th quarter valued at $29,000. Ancora Advisors LLC purchased a new position in Ball in the 2nd quarter worth about $30,000. Finally, Trust Co. of Vermont acquired a new stake in Ball during the 2nd quarter worth about $37,000. Institutional investors own 86.51% of the company’s stock.

Analyst Ratings Changes

BALL has been the topic of several analyst reports. Weiss Ratings raised shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. Bank of America increased their price objective on Ball from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Wells Fargo & Company raised their price target on shares of Ball from $71.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Royal Bank Of Canada boosted their target price on Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Finally, Truist Financial set a $78.00 price target on shares of Ball in a research note on Wednesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $71.69.

Ball Price Performance

NYSE BALL opened at $60.26 on Thursday. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29. The company has a fifty day simple moving average of $62.90 and a 200 day simple moving average of $60.91. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13. The company has a market cap of $15.95 billion, a P/E ratio of 17.07, a P/E/G ratio of 1.17 and a beta of 0.95.

Ball (NYSE:BALL) last released its earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. Ball had a net margin of 6.61% and a return on equity of 18.76%. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the business earned $0.90 EPS. The business’s revenue was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. On average, sell-side analysts predict that Ball Corporation will post 4.01 EPS for the current year.

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given 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 is Tuesday, September 1st. Ball’s payout ratio is currently 22.66%.

Insider Buying and Selling at Ball

In related news, SVP Mandy Glew sold 5,626 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total transaction of $358,938.80. Following the completion of the sale, the senior vice president owned 7,209 shares in the company, valued at $459,934.20. This represents a 43.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.58% of the company’s stock.

Ball Company Profile

Ball Corporation (NYSE: BALL) is a global manufacturer of sustainable aluminum packaging products. The company primarily serves the beverage, personal care and household-product industries, producing aluminum beverage cans, bottles, aerosol containers and related packaging solutions. Its products are used by brand owners and manufacturers across a range of consumer markets.

Founded in 1880 as a manufacturer of glass containers, Ball gradually transitioned toward metal packaging and became best known for its aluminum beverage-can business.