Meiji Yasuda Asset Management Co Ltd. Takes $533,000 Position in Ball Corporation $BALL

Meiji Yasuda Asset Management Co Ltd. bought a new stake in Ball Corporation (NYSE:BALL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,548 shares of the company’s stock, valued at approximately $533,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BALL. Independent Advisor Alliance lifted its stake in Ball by 276.5% during the fourth quarter. Independent Advisor Alliance now owns 35,654 shares of the company’s stock worth $1,889,000 after purchasing an additional 26,184 shares during the period. Mizuho Markets Cayman LP bought a new stake in Ball during the fourth quarter worth about $26,485,000. International Assets Investment Management LLC bought a new stake in Ball during the 4th quarter worth approximately $4,349,000. Swiss Life Asset Management Ltd increased its stake in shares of Ball by 70.0% in the fourth quarter. Swiss Life Asset Management Ltd now owns 86,787 shares of the company’s stock valued at $4,597,000 after buying an additional 35,749 shares in the last quarter. Finally, New York Life Investment Management LLC increased its position in Ball by 63.0% in the 4th quarter. New York Life Investment Management LLC now owns 60,190 shares of the company’s stock valued at $3,188,000 after acquiring an additional 23,257 shares in the last quarter. 86.51% of the stock is owned by institutional investors.

Ball Trading Down 0.4%

BALL opened at $64.16 on Wednesday. The firm’s fifty day moving average is $62.35 and its two-hundred day moving average is $61.23. 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 firm has a market cap of $16.98 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.24 and a beta of 0.98. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29.

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

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Ball’s dividend payout ratio is 22.66%.

Analyst Ratings Changes

A number of research analysts have commented on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $65.00 price objective (up from $60.00) on shares of Ball in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Mizuho set a $72.00 target price on shares of Ball in a report on Wednesday, August 5th. UBS Group upped their target price on shares of Ball from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, Bank of America increased their price target on Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $71.69.

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.