Corient Private Wealth LP Invests $12.90 Million in Ball Corporation $BALL

Corient Private Wealth LP purchased a new stake in shares of Ball Corporation (NYSE:BALL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 206,761 shares of the company’s stock, valued at approximately $12,902,000. Corient Private Wealth LP owned about 0.08% of Ball as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Basecamp Wealth Advisors LLC raised its position in Ball by 135.0% during the first 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. Ancora Advisors LLC acquired a new position in shares of Ball during the 2nd quarter worth about $30,000. Triumph Capital Management bought a new stake in shares of Ball in the 3rd quarter valued at about $26,000. Gilpin Wealth Management LLC acquired a new stake in Ball in the 4th quarter valued at about $29,000. Finally, Trust Co. of Vermont acquired a new stake in Ball in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Royal Bank Of Canada upped their price objective on Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Wells Fargo & Company lifted their target price on Ball from $71.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Truist Financial set a $78.00 target price on Ball in a report on Wednesday, August 5th. Bank of America raised their price target on Ball from $70.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, Mizuho set a $72.00 target price on shares of Ball in a research note on Wednesday, August 5th. 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $71.69.

Ball Stock Performance

Shares of Ball stock opened at $63.69 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13. The company has a market cap of $16.86 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. The company has a 50 day moving average of $62.71 and a 200-day moving average of $61.21. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 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 during the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the previous year, the business earned $0.90 earnings per share. The company’s revenue was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities research analysts forecast that Ball Corporation will post 4.01 earnings per share for the current fiscal year.

Ball Announces Dividend

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

Insiders Place Their Bets

In other Ball news, SVP Mandy Glew sold 5,626 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total transaction of $358,938.80. Following the completion of the transaction, the senior vice president owned 7,209 shares in the company, valued at approximately $459,934.20. This trade represents a 43.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.58% of the company’s stock.

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.