Wealthfront Advisers LLC Invests $740,000 in Ball Corporation $BALL

Wealthfront Advisers LLC purchased a new position in shares of Ball Corporation (NYSE:BALL) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 11,864 shares of the company’s stock, valued at approximately $740,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas raised its position in shares of Ball by 58.7% in the fourth quarter. Teacher Retirement System of Texas now owns 262,973 shares of the company’s stock valued at $13,930,000 after buying an additional 97,264 shares during the last quarter. Independent Advisor Alliance boosted its position in Ball by 276.5% during the fourth quarter. Independent Advisor Alliance now owns 35,654 shares of the company’s stock worth $1,889,000 after acquiring an additional 26,184 shares during the last quarter. Mizuho Markets Cayman LP acquired a new position in Ball during the fourth quarter worth about $26,485,000. International Assets Investment Management LLC purchased a new stake in Ball during the 4th quarter valued at about $4,349,000. Finally, Swiss Life Asset Management Ltd grew its stake in Ball by 70.0% during the 4th 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 in the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BALL has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Royal Bank Of Canada boosted their target price on Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Bank of America upped their price target on Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Mizuho set a $72.00 price objective on Ball in a research report on Wednesday, August 5th. Finally, Citigroup lowered Ball from a “buy” rating to a “reduce” rating in a research note on Wednesday, August 5th. Eight equities research 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.69.

Ball Price Performance

Ball stock opened at $63.60 on Friday. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29. The stock has a market cap of $16.83 billion, a P/E ratio of 18.02, a PEG ratio of 1.20 and a beta of 0.98. The company has a 50-day moving average price of $62.09 and a 200 day moving average price of $61.18. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13.

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

Ball Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders 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 presently 22.66%.

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.