Hillsdale Investment Management Inc. Purchases New Stake in Ball Corporation $BALL

Hillsdale Investment Management Inc. acquired a new position in Ball Corporation (NYSE:BALL) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 17,800 shares of the company’s stock, valued at approximately $1,052,000.

Several other hedge funds have also recently bought and sold shares of the business. Teacher Retirement System of Texas lifted 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 worth $13,930,000 after purchasing an additional 97,264 shares in the last quarter. Independent Advisor Alliance grew its position in Ball by 276.5% during the fourth quarter. Independent Advisor Alliance now owns 35,654 shares of the company’s stock valued at $1,889,000 after purchasing an additional 26,184 shares in the last quarter. Mizuho Markets Cayman LP purchased a new position in Ball during the fourth quarter valued at approximately $26,485,000. AIA Group Ltd acquired a new position in Ball in the 3rd quarter valued at approximately $618,000. Finally, International Assets Investment Management LLC acquired a new position in Ball in the 4th quarter valued at approximately $4,349,000. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Price Performance

Shares of BALL opened at $63.16 on Friday. The firm has a market cap of $16.82 billion, a PE ratio of 18.25, a PEG ratio of 1.20 and a beta of 0.98. The firm’s 50 day moving average price is $58.06 and its 200 day moving average price is $59.76. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.12. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29.

Ball (NYSE:BALL) last posted its earnings results on Tuesday, May 5th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.85 by $0.09. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.34 billion. Ball had a net margin of 6.86% and a return on equity of 18.69%. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, research analysts expect that Ball Corporation will post 3.99 EPS for the current fiscal year.

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, June 1st. Ball’s payout ratio is presently 23.12%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BALL shares. Truist Financial increased their target price on shares of Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Raymond James Financial set a $73.00 price target on shares of Ball and gave the company an “outperform” rating in a report on Tuesday, April 21st. Weiss Ratings upgraded Ball from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Royal Bank Of Canada lifted their price objective on Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Finally, Bank of America boosted their target price on Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Ball has a consensus rating of “Moderate Buy” and an average target price of $70.85.

Ball 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.