Integrated Wealth Concepts LLC Increases Position in Ball Corporation $BALL

Integrated Wealth Concepts LLC increased its holdings in Ball Corporation (NYSE:BALL) by 71.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,690 shares of the company’s stock after acquiring an additional 14,051 shares during the period. Integrated Wealth Concepts LLC’s holdings in Ball were worth $2,102,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BALL. Basecamp Wealth Advisors LLC grew its stake in Ball by 135.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $28,000 after purchasing an additional 274 shares during the period. Ancora Advisors LLC purchased a new position in shares of Ball in the 2nd quarter worth about $30,000. Trust Co. of Vermont purchased a new stake in Ball during the second quarter worth about $37,000. Harbour Investments Inc. raised its position in Ball by 44.1% in the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after acquiring an additional 222 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in Ball by 29.8% in the second quarter. Parkside Financial Bank & Trust now owns 863 shares of the company’s stock worth $54,000 after acquiring an additional 198 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Stock Up 1.4%

BALL opened at $60.76 on Tuesday. Ball Corporation has a 12 month low of $44.83 and a 12 month high of $68.29. The company has a market cap of $16.08 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.15 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. The company has a 50 day moving average of $62.72 and a 200 day moving average of $60.77.

Ball (NYSE:BALL) last posted its earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%.The business’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.90 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. On average, sell-side analysts expect that Ball Corporation will post 4.01 EPS for the current year.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.20 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 1.3%. Ball’s dividend payout ratio is currently 22.66%.

Insider Buying and Selling

In other news, SVP Mandy Glew sold 5,626 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total transaction of $358,938.80. Following the completion of the transaction, the senior vice president directly owned 7,209 shares in the company, valued at $459,934.20. The trade was a 43.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.58% of the stock is currently owned by insiders.

Analyst Ratings Changes

BALL has been the subject of a number of research reports. Royal Bank Of Canada increased their target price on shares of Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Wells Fargo & Company boosted their target price on Ball from $71.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Truist Financial set a $78.00 price target on Ball in a research report on Wednesday, August 5th. Citigroup downgraded Ball from a “buy” rating to a “reduce” rating in a research note on Wednesday, August 5th. Finally, UBS Group lifted their price objective on Ball from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $71.69.

Ball Profile

Ball Corporation (NYSE: BALL) is a global manufacturer of sustainable aluminum packaging products. The company primarily serves the beverage, personal care and household-product industries, producing aluminum beverage cans, bottles, aerosol containers and related packaging solutions. Its products are used by brand owners and manufacturers across a range of consumer markets.

Founded in 1880 as a manufacturer of glass containers, Ball gradually transitioned toward metal packaging and became best known for its aluminum beverage-can business.