Wellington Management Group LLP Trims Stock Position in Ball Corporation $BALL

Wellington Management Group LLP cut its holdings in Ball Corporation (NYSE:BALL) by 6.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,145,513 shares of the company’s stock after selling 78,618 shares during the period. Wellington Management Group LLP owned 0.43% of Ball worth $71,480,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Triumph Capital Management bought a new stake in Ball during the 3rd quarter worth approximately $26,000. Basecamp Wealth Advisors LLC lifted its stake in Ball by 135.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock worth $28,000 after purchasing an additional 274 shares in the last quarter. Gilpin Wealth Management LLC purchased a new stake in shares of Ball in the fourth quarter worth about $29,000. Ancora Advisors LLC purchased a new stake in shares of Ball during the 2nd quarter worth approximately $30,000. Finally, Trust Co. of Vermont purchased a new stake in Ball during the second quarter valued at $37,000. Institutional investors own 86.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wells Fargo & Company upped their price objective on Ball from $71.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. UBS Group upped their target price on shares of Ball from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their price target on 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. reissued a “neutral” rating and issued a $65.00 price objective (up from $60.00) on shares of Ball in a research note on Wednesday, August 5th. Finally, Truist Financial set a $78.00 target price on Ball in a research note on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.69.

Insider Buying and Selling at Ball

In related news, SVP Mandy Glew sold 5,626 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total value of $358,938.80. Following the completion of the transaction, the senior vice president owned 7,209 shares of the company’s stock, valued at approximately $459,934.20. This represents a 43.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.58% of the stock is currently owned by corporate insiders.

Ball Stock Performance

Shares of NYSE BALL opened at $63.30 on Thursday. The company has a 50 day simple moving average of $62.90 and a two-hundred day simple moving average of $61.08. The stock has a market cap of $16.76 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.20 and a beta of 0.95. 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 Corporation has a 12 month low of $44.83 and a 12 month high of $68.29.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. The business had revenue of $4 billion during 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, analysts predict that Ball Corporation will post 4.01 earnings per share for the current year.

Ball Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors 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 is Tuesday, September 1st. Ball’s dividend payout ratio (DPR) is currently 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.