Franklin Resources Inc. Lowers Stock Holdings in Ball Corporation $BALL

by · The Markets Daily

Franklin Resources Inc. trimmed its stake in Ball Corporation (NYSE:BALL – Free Report) by 9.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,121,910 shares of the company’s stock after selling 522,607 shares during the period. Franklin Resources Inc.’s holdings in Ball were worth $271,308,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BALL. GoalVest Advisory LLC purchased a new stake in Ball in the 4th quarter valued at about $25,000. Board of the Pension Protection Fund purchased a new position in Ball during the 4th quarter worth $26,000. Triumph Capital Management purchased a new position in Ball during the 3rd quarter worth $26,000. Harbour Investments Inc. increased its holdings in Ball by 44.1% during the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after purchasing an additional 222 shares during the period. Finally, Trust Co. of Vermont increased its holdings in Ball by 297.0% during the 4th quarter. Trust Co. of Vermont now owns 802 shares of the company’s stock worth $42,000 after purchasing an additional 600 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Price Performance

NYSE BALL opened at $54.12 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.12. The firm’s 50 day moving average price is $58.60 and its 200-day moving average price is $57.82. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29. The company has a market cap of $14.41 billion, a PE ratio of 15.64, a P/E/G ratio of 1.03 and a beta of 1.01.

Ball (NYSE:BALL – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. Ball had a net margin of 6.86% and a return on equity of 18.69%. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same period last year, the firm earned $0.76 earnings per share. The company’s quarterly revenue was up 16.3% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts forecast that Ball Corporation will post 3.99 EPS for the current fiscal year.

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.5%. Ball’s dividend payout ratio (DPR) is currently 23.12%.

Analyst Ratings Changes

BALL has been the topic of a number of recent research reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Ball in a research report on Friday, April 17th. JPMorgan Chase & Co. raised Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price target on the stock in a research report on Monday, May 18th. Wells Fargo & Company increased their price target on Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Truist Financial increased their price target on Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Ball in a research report on Wednesday, April 1st. They set a “buy” rating and a $72.00 price target on the stock. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ball has a consensus rating of “Moderate Buy” and an average target price of $69.54.

Check Out Our Latest Research Report on BALL

Ball Company Profile

(Free Report)

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.

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