Ball Corporation $BALL Stock Bought by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB increased its position in Ball Corporation (NYSE:BALL) by 6,582.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 454,400 shares of the company’s stock after buying an additional 447,600 shares during the period. E. Ohman J or Asset Management AB’s holdings in Ball were worth $25,460,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its position in Ball by 4,130.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 5,077 shares of the company’s stock valued at $284,000 after buying an additional 4,957 shares in the last quarter. Axxcess Wealth Management LLC acquired a new position in Ball during the 3rd quarter worth approximately $240,000. Strengthening Families & Communities LLC boosted its holdings in Ball by 3.2% in the third quarter. Strengthening Families & Communities LLC now owns 11,801 shares of the company’s stock worth $661,000 after acquiring an additional 367 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Ball by 43.8% in the third quarter. Nisa Investment Advisors LLC now owns 133,878 shares of the company’s stock worth $7,501,000 after acquiring an additional 40,798 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in Ball by 0.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,130,473 shares of the company’s stock valued at $123,135,000 after acquiring an additional 10,015 shares during the period. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ball

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

Analyst Ratings Changes

BALL has been the subject of several recent research reports. Citigroup downgraded Ball from a “buy” rating to a “reduce” rating in a report on Wednesday, August 5th. Bank of America boosted their price target on shares of Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada decreased their price target on shares of Ball from $77.00 to $73.00 and set an “outperform” rating for the company in a research note on Tuesday, October 13th. Weiss Ratings raised shares of Ball from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 9th. Finally, UBS Group reduced their price objective on shares of Ball from $66.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, October 5th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Ball presently has an average rating of “Moderate Buy” and a consensus target price of $71.00.

Ball Stock Performance

NYSE BALL opened at $65.78 on Friday. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.07 and a quick ratio of 0.66. The firm has a market cap of $17.41 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 1.29 and a beta of 0.96. The company has a fifty day moving average price of $60.85 and a 200-day moving average price of $60.38.

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

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, September 1st. Ball’s payout ratio is presently 22.66%.

Ball Company Profile

Ball Corporation is a global supplier of sustainable aluminum packaging. The company primarily manufactures aluminum beverage cans, bottles and cups used by beer, soft-drink, energy-drink and other beverage companies. Its products are designed to support brand presentation, product protection and recycling throughout the packaging lifecycle.

Ball serves customers across North and South America, Europe and other international markets through a network of manufacturing facilities. The company also develops and markets aluminum packaging products for additional consumer and household applications, including its reusable and recyclable Ball Aluminum Cup.

Founded in 1880 as a manufacturer of glass containers, Ball evolved into a major producer of metal packaging and became particularly known for its aluminum beverage cans.