Ball Corporation $BALL Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its stake in Ball Corporation (NYSE:BALL) by 51.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,657 shares of the company’s stock after acquiring an additional 13,845 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Ball were worth $2,208,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of BALL. Maridea Wealth Management LLC increased its stake in Ball by 9.9% in the 4th quarter. Maridea Wealth Management LLC now owns 11,741 shares of the company’s stock worth $622,000 after purchasing an additional 1,055 shares in the last quarter. Nordea Investment Management AB grew its position in Ball by 6.4% during the 4th quarter. Nordea Investment Management AB now owns 81,404 shares of the company’s stock worth $4,320,000 after purchasing an additional 4,909 shares in the last quarter. Board of the Pension Protection Fund acquired a new stake in shares of Ball in the fourth quarter worth $26,000. GoalVest Advisory LLC acquired a new stake in Ball during the 4th quarter worth about $25,000. Finally, Union Bancaire Privee UBP SA grew its stake in Ball by 1.7% during the 4th quarter. Union Bancaire Privee UBP SA now owns 20,223 shares of the company’s stock valued at $1,075,000 after acquiring an additional 338 shares in the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BALL. Mizuho increased their price objective on Ball from $58.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Jefferies Financial Group upped their price objective on shares of Ball from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. increased their price target on Ball from $50.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Ball in a report on Monday, December 29th. Finally, Royal Bank Of Canada cut their price target on Ball from $74.00 to $71.00 and set an “outperform” rating for the company in a report on Friday, March 20th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Ball currently has an average rating of “Moderate Buy” and an average price target of $69.00.

Insider Transactions at Ball

In other news, SVP Kathleen Pitre sold 10,660 shares of Ball stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $66.63, for a total value of $710,275.80. Following the completion of the sale, the senior vice president directly owned 36,772 shares of the company’s stock, valued at approximately $2,450,118.36. This trade represents a 22.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Fauze Villatoro purchased 1,551 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was purchased at an average price of $64.51 per share, for a total transaction of $100,055.01. Following the acquisition, the senior vice president owned 13,778 shares of the company’s stock, valued at $888,818.78. The trade was a 12.69% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.81% of the stock is owned by corporate insiders.

Ball Stock Performance

Shares of NYSE:BALL opened at $59.95 on Friday. The stock has a market capitalization of $15.96 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.20 and a beta of 1.14. The business’s fifty day moving average price is $62.50 and its two-hundred day moving average price is $54.50. Ball Corporation has a fifty-two week low of $43.51 and a fifty-two week high of $68.29. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.11 and a quick ratio of 0.75.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.01. The firm had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Ball had a net margin of 6.93% and a return on equity of 18.12%. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, analysts predict that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 2nd. This represents a $0.80 annualized dividend and a yield of 1.3%. Ball’s dividend payout ratio is 24.10%.

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.