Ball Corporation $BALL Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lessened its holdings in shares of Ball Corporation (NYSE:BALL) by 6.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 142,342 shares of the company’s stock after selling 10,114 shares during the period. Pictet Asset Management Holding SA’s holdings in Ball were worth $8,882,000 at the end of the most recent reporting period.

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

Ball Price Performance

BALL stock opened at $61.85 on Friday. 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 capitalization of $16.37 billion, a P/E ratio of 17.52, a PEG ratio of 1.19 and a beta of 0.98. The business has a 50 day simple moving average of $61.35 and a 200-day simple moving average of $60.99. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29.

Ball (NYSE:BALL) last announced its 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. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Ball had a net margin of 6.61% and a return on equity of 18.76%. During the same period in the previous year, the company posted $0.90 EPS. The company’s quarterly revenue was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities analysts anticipate that Ball Corporation will post 4.02 EPS for the current year.

Ball Dividend Announcement

The firm 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 dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Ball’s dividend payout ratio (DPR) is presently 22.66%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. UBS Group increased their target price 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. Wells Fargo & Company boosted their price target on shares of Ball from $71.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada upped their price objective on shares of Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $65.00 price objective (up from $60.00) on shares of Ball in a report on Wednesday, August 5th. Finally, Bank of America lifted their target price on Ball from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Ball currently has an average rating of “Moderate Buy” and an average 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.