Janney Montgomery Scott LLC Sells 8,603 Shares of Ball Corporation $BALL

Janney Montgomery Scott LLC reduced its stake in Ball Corporation (NYSE:BALL) by 22.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,046 shares of the company’s stock after selling 8,603 shares during the period. Janney Montgomery Scott LLC’s holdings in Ball were worth $1,776,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in BALL. Norges Bank acquired a new stake in Ball in the fourth quarter valued at approximately $178,025,000. Dimensional Fund Advisors LP grew its holdings in shares of Ball by 47.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,658,732 shares of the company’s stock worth $299,749,000 after purchasing an additional 1,830,434 shares during the last quarter. M&G PLC increased its position in Ball by 242.9% in the 4th quarter. M&G PLC now owns 2,326,812 shares of the company’s stock valued at $123,321,000 after acquiring an additional 1,648,303 shares during the period. AQR Capital Management LLC increased its holdings in Ball by 1,465.3% in the second quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock valued at $73,746,000 after purchasing an additional 1,230,791 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Ball by 5.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock valued at $1,000,429,000 after buying an additional 999,690 shares during the period. 86.51% of the stock is owned by institutional investors.

Ball Trading Up 1.2%

Shares of Ball stock opened at $61.00 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29. The firm has a market capitalization of $16.24 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.18 and a beta of 0.98. The firm’s 50 day simple moving average is $57.83 and its two-hundred day simple moving average is $59.43.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. The firm had revenue of $3.60 billion for 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 business’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. Analysts predict that Ball Corporation will post 3.99 EPS for the current year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis 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%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Truist Financial increased their price target on Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Citigroup decreased their price objective on Ball from $73.00 to $72.00 and set a “buy” rating for the company in a report on Thursday. Raymond James Financial set a $73.00 price objective on shares of Ball and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. UBS Group dropped their target price on shares of Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Ball in a report on Wednesday, April 1st. They set a “buy” rating and a $72.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ball currently has an average rating of “Moderate Buy” and an average target price of $69.92.

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.