Mediolanum International Funds Ltd Purchases New Shares in Ball Corporation $BALL

Mediolanum International Funds Ltd acquired a new stake in Ball Corporation (NYSE:BALL) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 60,691 shares of the company’s stock, valued at approximately $3,522,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Triumph Capital Management acquired a new stake in shares of Ball in the third quarter valued at $26,000. Gilpin Wealth Management LLC bought a new position in shares of Ball in the fourth quarter valued at about $29,000. Harbour Investments Inc. lifted its position in Ball by 44.1% during the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after buying an additional 222 shares in the last quarter. Trust Co. of Vermont grew its holdings in Ball by 297.0% during the 4th quarter. Trust Co. of Vermont now owns 802 shares of the company’s stock worth $42,000 after acquiring an additional 600 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in Ball during the 2nd quarter worth about $46,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Trading Down 0.8%

BALL opened at $62.22 on Tuesday. The firm has a 50 day simple moving average of $58.23 and a 200 day simple moving average of $59.89. Ball Corporation has a fifty-two week low of $44.83 and a fifty-two week high of $68.29. The company has a market cap of $16.57 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 1.23 and a beta of 0.98. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.12 and a quick ratio of 0.72.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. Ball had a net margin of 6.86% and a return on equity of 18.69%. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.34 billion. During the same period last year, the firm earned $0.76 earnings per share. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. On average, sell-side analysts anticipate that Ball Corporation will post 3.99 earnings per share for the current year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, June 1st. Ball’s dividend payout ratio (DPR) is currently 23.12%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BALL shares. JPMorgan Chase & Co. raised shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 target price for the company in a research note on Monday, May 18th. UBS Group decreased their price target on shares of Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Wells Fargo & Company raised their price target on shares of Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Royal Bank Of Canada boosted their price objective 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. Finally, Citigroup reduced their price objective on Ball from $73.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $70.85.

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.