UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stake in Ball Corporation $BALL

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in shares of Ball Corporation (NYSE:BALL) by 26.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,805,211 shares of the company’s stock after selling 650,511 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ball were worth $112,645,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Royal London Asset Management Ltd. grew its holdings in shares of Ball by 1.3% during the 2nd quarter. Royal London Asset Management Ltd. now owns 74,632 shares of the company’s stock worth $4,657,000 after purchasing an additional 938 shares during the period. Toth Financial Advisory Corp raised its holdings in Ball by 22.5% in the second quarter. Toth Financial Advisory Corp now owns 131,910 shares of the company’s stock valued at $8,231,000 after buying an additional 24,186 shares during the period. Mufg Securities Americas Inc. raised its holdings in Ball by 8.1% in the second quarter. Mufg Securities Americas Inc. now owns 8,019 shares of the company’s stock valued at $500,000 after buying an additional 604 shares during the period. Beacon Pointe Advisors LLC acquired a new position in Ball during the second quarter valued at approximately $325,000. Finally, Kimelman & Baird LLC acquired a new position in Ball during the second quarter valued at approximately $329,000. 86.51% of the stock is owned by institutional investors and hedge funds.

Ball Trading Down 0.5%

NYSE:BALL opened at $62.67 on Wednesday. The stock has a market cap of $16.59 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 1.21 and a beta of 0.95. Ball Corporation has a one year low of $44.83 and a one year high of $68.29. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.66 and a current ratio of 1.07. The business’s 50-day simple moving average is $62.85 and its 200 day simple moving average is $61.10.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. Ball had a return on equity of 18.76% and a net margin of 6.61%.The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the firm earned $0.90 EPS. Ball’s quarterly 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, sell-side analysts predict that Ball Corporation will post 4.01 earnings per share for the current fiscal year.

Ball Dividend Announcement

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 given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. Ball’s dividend payout ratio (DPR) is presently 22.66%.

Ball News Roundup

Here are the key news stories impacting Ball this week:

• Positive Sentiment: Ball Corporation’s most recently provided quarterly results were constructive: adjusted EPS of $1.03 exceeded the $0.99 consensus estimate, while revenue of $4.0 billion surpassed expectations and increased 19.7% year over year. However, this information predates the submitted articles and is not a new catalyst.
• Neutral Sentiment: Several articles discuss Dragon Ball Super, including a Burger King promotional meal featuring collectible figurines and a special sauce. These stories concern the Dragon Ball entertainment franchise and have no connection to Ball Corporation. Dragon Ball Burger King crossover
• Neutral Sentiment: Other coverage focuses on updates and rankings for Dragon Ball video games and characters, which are unrelated to Ball Corporation’s packaging operations. Dragon Ball Gekishin Squadra update
• Neutral Sentiment: The golf articles examine how water affects a golf-ball shot and rules for searching for a lost ball; they do not involve Ball Corporation. Water’s effect on a golf ball
• Neutral Sentiment: Articles about Ball State University football also use “Ball” in an unrelated proper name and provide no information about Ball Corporation. Ball State football season prediction

Insider Buying and Selling

In other Ball news, SVP Mandy Glew sold 5,626 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total transaction of $358,938.80. Following the transaction, the senior vice president owned 7,209 shares of the company’s stock, valued at $459,934.20. This trade represents a 43.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.58% of the company’s stock.

Wall Street Analyst Weigh In

BALL has been the subject of several recent research reports. Weiss Ratings raised shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. restated a “neutral” rating and set a $65.00 target price (up from $60.00) on shares of Ball in a report on Wednesday, August 5th. Bank of America upped their price target on shares of Ball from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Royal Bank Of Canada increased their price target on Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Finally, Citigroup lowered Ball from a “buy” rating to a “reduce” rating in a research report on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.