State of Wyoming Takes Position in Ball Corporation $BALL

State of Wyoming acquired a new position in shares of Ball Corporation (NYSE:BALL) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,988 shares of the company’s stock, valued at approximately $686,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in Ball during the 4th quarter worth approximately $178,025,000. Dimensional Fund Advisors LP raised its holdings in shares of Ball by 47.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,658,732 shares of the company’s stock valued at $299,749,000 after purchasing an additional 1,830,434 shares during the last quarter. M&G PLC raised its holdings in shares of Ball by 242.9% in the fourth quarter. M&G PLC now owns 2,326,812 shares of the company’s stock valued at $123,321,000 after purchasing an additional 1,648,303 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Ball by 1,465.3% in the second quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock worth $73,746,000 after purchasing an additional 1,230,791 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Ball by 5.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock worth $1,000,429,000 after purchasing an additional 999,690 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Price Performance

Shares of BALL opened at $61.85 on Monday. 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’s fifty day simple moving average is $61.35 and its 200 day simple moving average is $61.01. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29. The company has a market cap of $16.37 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.19 and a beta of 0.98.

Ball (NYSE:BALL) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, beating 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 analysts’ expectations of $3.69 billion. During the same quarter last year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. On average, research analysts forecast that Ball Corporation will post 4.02 earnings per share for the current fiscal year.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, September 1st. Ball’s dividend payout ratio (DPR) is 22.66%.

Analysts Set New Price Targets

BALL has been the subject of a number of analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $65.00 target price (up from $60.00) on shares of Ball in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. Royal Bank Of Canada increased their price objective on shares of Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Mizuho set a $72.00 target price on Ball in a research report on Wednesday, August 5th. Finally, Truist Financial set a $78.00 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 given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.69.

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.