Munich Reinsurance Co Stock Corp in Munich Purchases Shares of 17,021 Ball Corporation $BALL

Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of Ball Corporation (NYSE:BALL) during the 3rd quarter, Holdings Channel reports. The firm acquired 17,021 shares of the company’s stock, valued at approximately $858,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. True Wealth Design LLC grew its holdings in Ball by 17.6% during the third quarter. True Wealth Design LLC now owns 1,438 shares of the company’s stock worth $73,000 after buying an additional 215 shares in the last quarter. Independent Advisor Alliance lifted its stake in Ball by 2.7% during the 3rd quarter. Independent Advisor Alliance now owns 9,470 shares of the company’s stock valued at $477,000 after acquiring an additional 246 shares in the last quarter. Seeds Investor LLC boosted its holdings in Ball by 4.1% during the 2nd quarter. Seeds Investor LLC now owns 6,797 shares of the company’s stock worth $381,000 after acquiring an additional 265 shares during the last quarter. Smith Moore & CO. grew its stake in shares of Ball by 2.3% in the 2nd quarter. Smith Moore & CO. now owns 12,249 shares of the company’s stock worth $687,000 after acquiring an additional 278 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Ball by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 118,213 shares of the company’s stock valued at $5,960,000 after purchasing an additional 296 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Price Performance

Ball stock opened at $62.50 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.11 and a quick ratio of 0.75. Ball Corporation has a one year low of $43.51 and a one year high of $68.29. The firm has a market capitalization of $16.63 billion, a P/E ratio of 18.83, a PEG ratio of 1.24 and a beta of 1.10. The business has a fifty day moving average price of $60.43 and a 200-day moving average price of $53.39.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. Ball had a return on equity of 18.12% and a net margin of 6.93%.The business had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter in the prior year, the firm posted $0.84 EPS. The firm’s quarterly revenue was up 16.2% 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 3.48 EPS for the current year.

Ball Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd 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 Monday, March 2nd. Ball’s dividend payout ratio is presently 24.10%.

Insider Buying and Selling

In related news, SVP Kathleen Pitre sold 10,660 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $66.63, for a total transaction of $710,275.80. Following the sale, the senior vice president owned 36,772 shares of the company’s stock, valued at approximately $2,450,118.36. This represents a 22.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Fauze Villatoro bought 1,551 shares of the stock in a transaction on Wednesday, March 4th. The stock was purchased at an average price of $64.51 per share, for a total transaction 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.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BALL. UBS Group reaffirmed a “neutral” rating and issued a $66.00 price objective on shares of Ball in a research report on Wednesday, February 4th. Royal Bank Of Canada restated an “outperform” rating on shares of Ball in a research note on Wednesday, February 4th. JPMorgan Chase & Co. upped their target price on Ball from $50.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Robert W. Baird set a $75.00 price target on Ball in a research report on Wednesday, February 4th. Finally, Mizuho boosted their price objective on Ball from $58.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.46.

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.