Hsbc Holdings PLC Purchases New Shares in Ball Corporation $BALL

Hsbc Holdings PLC acquired a new stake in shares of Ball Corporation (NYSE:BALL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,547,598 shares of the company’s stock, valued at approximately $96,380,000. Hsbc Holdings PLC owned approximately 0.58% of Ball at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Meridian Wealth Management LLC raised its holdings in shares of Ball by 2.7% in the fourth quarter. Meridian Wealth Management LLC now owns 6,295 shares of the company’s stock valued at $333,000 after purchasing an additional 165 shares during the last quarter. Leonteq Securities AG lifted its position in shares of Ball by 3.6% during the second quarter. Leonteq Securities AG now owns 5,415 shares of the company’s stock valued at $338,000 after purchasing an additional 188 shares in the last quarter. Western Wealth Management LLC boosted its holdings in Ball by 3.2% during the fourth quarter. Western Wealth Management LLC now owns 6,752 shares of the company’s stock worth $358,000 after purchasing an additional 208 shares during the last quarter. Parvin Asset Management LLC boosted its holdings in Ball by 19.5% during the first quarter. Parvin Asset Management LLC now owns 1,315 shares of the company’s stock worth $78,000 after purchasing an additional 215 shares during the last quarter. Finally, Evelyn Partners Investment Management LLP grew its position in Ball by 11.3% in the 1st quarter. Evelyn Partners Investment Management LLP now owns 2,144 shares of the company’s stock worth $127,000 after purchasing an additional 218 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Truist Financial set a $78.00 target price on shares of Ball in a research report on Wednesday, August 5th. UBS Group increased their price target on Ball from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Bank of America lifted their price target on Ball from $70.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Royal Bank Of Canada boosted their price objective on Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Finally, Mizuho set a $72.00 price objective 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $71.69.

Insider Buying and Selling at Ball

In other news, SVP Mandy Glew sold 5,626 shares of Ball stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total value of $358,938.80. Following the completion of the transaction, the senior vice president owned 7,209 shares in the company, valued at $459,934.20. This trade represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.58% of the stock is owned by insiders.

Ball Trading Down 0.0%

Shares of BALL stock opened at $64.06 on Thursday. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13. The firm has a market cap of $16.96 billion, a P/E ratio of 18.15, a PEG ratio of 1.23 and a beta of 0.98. The company has a 50 day moving average of $62.48 and a 200-day moving average of $61.21. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29.

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

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Ball’s dividend payout ratio (DPR) is currently 22.66%.

About Ball

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.