Integrated Wealth Concepts LLC Raises Stock Holdings in Ball Corporation $BALL

Integrated Wealth Concepts LLC increased its stake in Ball Corporation (NYSE:BALL) by 71.5% during the 2nd quarter, Holdings Channel reports. The firm owned 33,690 shares of the company’s stock after purchasing an additional 14,051 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Ball were worth $2,102,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BALL. California State Teachers Retirement System lifted its position in Ball by 9,817.1% during the second quarter. California State Teachers Retirement System now owns 29,655,974 shares of the company’s stock valued at $1,850,533,000 after purchasing an additional 29,356,935 shares during the last quarter. BlackRock Inc. bought a new position in shares of Ball in the 2nd quarter worth $1,310,991,000. T. Rowe Price Investment Management Inc. raised its position in shares of Ball by 3.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,225,631 shares of the company’s stock valued at $382,742,000 after buying an additional 266,238 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ball by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,999,409 shares of the company’s stock worth $354,605,000 after acquiring an additional 340,677 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Ball during the 4th quarter worth $178,025,000. 86.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BALL. Bank of America increased their target price on Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada upped their price objective on Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $65.00 price objective (up from $60.00) on shares of Ball in a research report on Wednesday, August 5th. Wells Fargo & Company raised their price objective on Ball from $71.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, Mizuho set a $72.00 target price on Ball in a research report on Wednesday, August 5th. 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $71.69.

Insider Buying and Selling at Ball

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

Ball Price Performance

Shares of NYSE:BALL opened at $60.76 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13. The stock has a market cap of $16.08 billion, a PE ratio of 17.21, a PEG ratio of 1.15 and a beta of 0.95. The company’s fifty day moving average is $62.72 and its 200 day moving average is $60.77. Ball Corporation has a 52 week low of $44.83 and a 52 week high of $68.29.

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

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.20 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 1.3%. Ball’s payout ratio is presently 22.66%.

About Ball

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.