Wealthfront Advisers LLC Invests $740,000 in Ball Corporation $BALL

Wealthfront Advisers LLC bought a new position in shares of Ball Corporation (NYSE:BALL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,864 shares of the company’s stock, valued at approximately $740,000.

Several other institutional investors also recently bought and sold shares of the stock. Meeder Advisory Services Inc. purchased a new stake in Ball in the 2nd quarter worth approximately $337,000. Citizens Financial Group Inc. RI purchased a new position in shares of Ball during the 2nd quarter valued at approximately $398,000. MidFirst Bank purchased a new position in shares of Ball during the 2nd quarter valued at approximately $2,638,000. BlackRock Inc. acquired a new position in shares of Ball in the 2nd quarter valued at $1,310,991,000. Finally, Pallas Capital Advisors LLC acquired a new position in shares of Ball in the 2nd quarter valued at $444,000. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Ball Price Performance

Shares of NYSE BALL opened at $63.60 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.66 and a current ratio of 1.07. The firm has a fifty day moving average of $62.09 and a 200 day moving average of $61.18. The firm has a market cap of $16.83 billion, a PE ratio of 18.02, a PEG ratio of 1.20 and a beta of 0.98. Ball Corporation has a one year low of $44.83 and a one year high of $68.29.

Ball (NYSE:BALL) last posted 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. Ball had a net margin of 6.61% and a return on equity of 18.76%. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period last year, the firm posted $0.90 earnings per share. The company’s revenue was up 19.7% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, research analysts predict that Ball Corporation will post 4.01 EPS for the current fiscal year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. Ball’s dividend payout ratio (DPR) is currently 22.66%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on BALL shares. Royal Bank Of Canada raised their price target 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. JPMorgan Chase & Co. reissued a “neutral” rating and set a $65.00 target price (up from $60.00) on shares of Ball in a research note on Wednesday, August 5th. Mizuho set a $72.00 price target on Ball in a research note on Wednesday, August 5th. UBS Group upped their price target on Ball from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Finally, Truist Financial set a $78.00 price target on Ball in a research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $71.69.

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.