Northwestern Mutual Wealth Management Co. Sells 84,717 Shares of Ball Corporation $BALL

Northwestern Mutual Wealth Management Co. lowered its stake in shares of Ball Corporation (NYSE:BALL) by 74.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 28,325 shares of the company’s stock after selling 84,717 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Ball were worth $1,500,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GoalVest Advisory LLC bought a new position in Ball during the 4th quarter valued at about $25,000. Board of the Pension Protection Fund bought a new position in Ball during the 4th quarter valued at about $26,000. Triumph Capital Management bought a new position in Ball during the 3rd quarter valued at about $26,000. Harbour Investments Inc. lifted its stake in Ball by 44.1% during the 4th 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 period. Finally, Trust Co. of Vermont lifted its stake in Ball by 297.0% during the 4th quarter. Trust Co. of Vermont now owns 802 shares of the company’s stock valued at $42,000 after acquiring an additional 600 shares during the period. Institutional investors own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BALL shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Ball in a research note on Wednesday, April 1st. They set a “buy” rating and a $72.00 target price on the stock. Wells Fargo & Company upped their target price on shares of Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Truist Financial increased their price objective on shares of Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ball in a research note on Friday, April 17th. Finally, UBS Group lowered their price objective on shares of Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.54.

Ball Price Performance

Shares of NYSE:BALL opened at $52.93 on Friday. The firm’s 50 day moving average price is $58.84 and its 200-day moving average price is $57.67. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $14.09 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.34 billion. During the same quarter in the prior year, the business earned $0.76 EPS. The business’s quarterly revenue was up 16.3% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. Equities research analysts expect that Ball Corporation will post 3.99 EPS for the current year.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders 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 yield of 1.5%. Ball’s dividend payout ratio (DPR) is presently 23.12%.

Ball 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.