Hsbc Holdings PLC Takes $96.38 Million Position in Ball Corporation $BALL

Hsbc Holdings PLC acquired a new stake in shares of Ball Corporation (NYSE:BALL) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,547,598 shares of the company’s stock, valued at approximately $96,380,000.

A number of other large investors also recently modified their holdings of the company. Independent Advisor Alliance lifted its position in shares of Ball by 276.5% during the fourth quarter. Independent Advisor Alliance now owns 35,654 shares of the company’s stock valued at $1,889,000 after buying an additional 26,184 shares during the last quarter. Mizuho Markets Cayman LP bought a new position in shares of Ball during the 4th quarter worth approximately $26,485,000. International Assets Investment Management LLC purchased a new stake in Ball during the fourth quarter valued at approximately $4,349,000. Swiss Life Asset Management Ltd lifted its position in Ball by 70.0% during the fourth quarter. Swiss Life Asset Management Ltd now owns 86,787 shares of the company’s stock valued at $4,597,000 after acquiring an additional 35,749 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its stake in Ball by 63.0% in the fourth quarter. New York Life Investment Management LLC now owns 60,190 shares of the company’s stock valued at $3,188,000 after acquiring an additional 23,257 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Price Performance

Shares of BALL opened at $64.06 on Thursday. The business’s 50-day moving average is $62.48 and its two-hundred day moving average is $61.21. The company has a market capitalization of $16.96 billion, a P/E ratio of 18.15, a P/E/G ratio of 1.23 and a beta of 0.98. Ball Corporation has a fifty-two week low of $44.83 and a fifty-two week high of $68.29. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.66 and a current ratio of 1.07.

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

Ball Dividend Announcement

The business also recently declared 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 yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Ball’s dividend payout ratio (DPR) is currently 22.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citigroup downgraded Ball from a “buy” rating to a “reduce” rating in a report on Wednesday, August 5th. Mizuho set a $72.00 price objective on shares of Ball in a report on Wednesday, August 5th. UBS Group increased their price objective on shares of Ball from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Weiss Ratings upgraded shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Finally, Royal Bank Of Canada boosted their target price on shares of Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.69.

Insider Transactions at Ball

In other Ball news, SVP Mandy Glew sold 5,626 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total value of $358,938.80. Following the completion of the transaction, the senior vice president directly owned 7,209 shares of the company’s stock, valued at approximately $459,934.20. The trade was a 43.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.58% of the company’s stock.

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.