Ball Corporation $BALL Shares Purchased by Algert Global LLC

Algert Global LLC grew its stake in shares of Ball Corporation (NYSE:BALL) by 1,700.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 261,639 shares of the company’s stock after buying an additional 247,109 shares during the quarter. Algert Global LLC owned about 0.10% of Ball worth $13,192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. SJS Investment Consulting Inc. raised its holdings in Ball by 4,236.8% during the third quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock worth $42,000 after purchasing an additional 805 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Ball during the 2nd quarter valued at $46,000. CYBER HORNET ETFs LLC bought a new stake in shares of Ball in the 2nd quarter worth $47,000. Hantz Financial Services Inc. raised its stake in shares of Ball by 395.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,210 shares of the company’s stock worth $61,000 after buying an additional 966 shares in the last quarter. Finally, True Wealth Design LLC lifted its holdings in shares of Ball by 17.6% in the third quarter. True Wealth Design LLC now owns 1,438 shares of the company’s stock valued at $73,000 after buying an additional 215 shares during the period. 86.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ball

In related news, SVP Kathleen Pitre sold 10,660 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $66.63, for a total transaction of $710,275.80. Following the completion of the sale, the senior vice president directly owned 36,772 shares in the company, valued at approximately $2,450,118.36. This trade represents a 22.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Fauze Villatoro purchased 1,551 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were purchased at an average cost of $64.51 per share, with a total value of $100,055.01. Following the completion of the purchase, the senior vice president directly owned 13,778 shares in the company, valued at approximately $888,818.78. This represents a 12.69% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.81% of the stock is currently owned by company insiders.

Ball Stock Up 0.8%

Shares of Ball stock opened at $62.20 on Monday. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $68.29. The company has a market cap of $16.55 billion, a P/E ratio of 18.74, a P/E/G ratio of 1.24 and a beta of 1.10. The company has a current ratio of 1.11, a quick ratio of 0.75 and a debt-to-equity ratio of 1.29. The stock has a 50-day moving average price of $61.31 and a 200 day moving average price of $53.71.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, February 3rd. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.11 billion. Ball had a return on equity of 18.12% and a net margin of 6.93%.The firm’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, analysts expect that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. Ball’s dividend payout ratio is 24.10%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Ball from $60.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Truist Financial lifted their price objective on shares of Ball from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. JPMorgan Chase & Co. boosted their target price on shares of Ball from $50.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Jefferies Financial Group raised their target price on shares of Ball from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ball in a 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $68.46.

Ball 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.