Cibc World Market Inc. Acquires Shares of 110,469 Ball Corporation $BALL

Cibc World Market Inc. bought a new position in Ball Corporation (NYSE:BALL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 110,469 shares of the company’s stock, valued at approximately $5,570,000.

Several other institutional investors also recently bought and sold shares of BALL. SJS Investment Consulting Inc. boosted its holdings in shares of Ball by 4,236.8% during the 3rd quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock valued at $42,000 after purchasing an additional 805 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Ball in the second quarter worth about $46,000. CYBER HORNET ETFs LLC bought a new position in Ball during the second quarter valued at approximately $47,000. Hantz Financial Services Inc. grew its holdings in Ball by 395.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,210 shares of the company’s stock valued at $61,000 after buying an additional 966 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in Ball by 103.2% in the 2nd quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock worth $68,000 after acquiring an additional 580 shares during the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Robert W. Baird set a $75.00 target price on shares of Ball in a report on Wednesday, February 4th. Mizuho lifted their price objective on shares of Ball from $58.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Jefferies Financial Group upped their target price on shares of Ball from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ball in a research report on Wednesday, February 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ball in a research report on Monday, December 29th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.46.

Ball Stock Performance

Ball stock opened at $67.30 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.11 and a quick ratio of 0.72. The firm has a market capitalization of $18.04 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 1.34 and a beta of 1.13. Ball Corporation has a 1-year low of $43.51 and a 1-year high of $68.29. The company’s 50-day moving average is $55.95 and its 200 day moving average is $52.22.

Ball (NYSE:BALL) last released its earnings results on Tuesday, February 3rd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. Ball had a return on equity of 18.10% and a net margin of 6.93%.The firm had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter in the prior year, the firm posted $0.84 earnings per share. The company’s quarterly revenue was up 16.2% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. Research analysts forecast that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, March 2nd. Ball’s payout ratio is currently 24.10%.

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.