Ball Corporation $BALL Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC lowered its stake in shares of Ball Corporation (NYSE:BALL) by 12.1% during the second quarter, Holdings Channel reports. The firm owned 59,232 shares of the company’s stock after selling 8,160 shares during the period. Welch & Forbes LLC’s holdings in Ball were worth $3,696,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Triumph Capital Management acquired a new position in shares of Ball in the 3rd quarter valued at $26,000. Basecamp Wealth Advisors LLC raised its stake in Ball by 135.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock worth $28,000 after acquiring an additional 274 shares in the last quarter. Gilpin Wealth Management LLC acquired a new stake in Ball during the 4th quarter worth $29,000. Harbour Investments Inc. lifted its position in Ball by 44.1% in the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock valued at $38,000 after acquiring an additional 222 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in Ball in the second quarter valued at $46,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

Shares of Ball stock opened at $61.85 on Friday. The firm’s fifty day simple moving average is $61.35 and its 200-day simple moving average is $60.99. Ball Corporation has a 12 month low of $44.83 and a 12 month high of $68.29. The stock has a market capitalization of $16.37 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.19 and a beta of 0.98. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.07 and a quick ratio of 0.66.

Ball (NYSE:BALL) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. Ball had a net margin of 6.61% and a return on equity of 18.76%. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the prior year, the business earned $0.90 EPS. Ball’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. As a group, equities analysts forecast that Ball Corporation will post 4.02 earnings per share for the current year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Ball’s dividend payout ratio is presently 22.66%.

Analyst Ratings Changes

Several research firms have issued reports on BALL. Wells Fargo & Company upped their price objective on shares of Ball from $71.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Bank of America lifted their target price on Ball from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Citigroup downgraded Ball from a “buy” rating to a “reduce” rating in a report on Wednesday, August 5th. Truist Financial set a $78.00 target price on Ball in a research report on Wednesday, August 5th. Finally, Raymond James Financial set a $73.00 price target on Ball and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.