Ball Corporation $BALL Shares Sold by London Co. of Virginia

London Co. of Virginia cut its stake in Ball Corporation (NYSE:BALL) by 4.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,672,667 shares of the company’s stock after selling 137,689 shares during the period. London Co. of Virginia owned 1.00% of Ball worth $134,756,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. True Wealth Design LLC increased its position in shares of Ball by 17.6% in the 3rd quarter. True Wealth Design LLC now owns 1,438 shares of the company’s stock worth $73,000 after purchasing an additional 215 shares during the last quarter. Independent Advisor Alliance lifted its position in shares of Ball by 2.7% during the third quarter. Independent Advisor Alliance now owns 9,470 shares of the company’s stock worth $477,000 after purchasing an additional 246 shares during the last quarter. Seeds Investor LLC lifted its position in shares of Ball by 4.1% during the second quarter. Seeds Investor LLC now owns 6,797 shares of the company’s stock worth $381,000 after purchasing an additional 265 shares during the last quarter. Smith Moore & CO. grew its stake in Ball by 2.3% in the second quarter. Smith Moore & CO. now owns 12,249 shares of the company’s stock worth $687,000 after purchasing an additional 278 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in 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 buying an additional 296 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Insider Transactions at Ball

In other news, SVP Fauze Villatoro bought 1,551 shares of the firm’s 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 transaction, the senior vice president owned 13,778 shares in the company, valued at approximately $888,818.78. This trade represents a 12.69% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Kathleen Pitre sold 10,660 shares of the firm’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 completion of the sale, the senior vice president owned 36,772 shares in the company, valued at $2,450,118.36. The trade was a 22.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.57% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BALL. Truist Financial upped their price objective on Ball from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada reissued an “outperform” rating on shares of Ball in a research report on Wednesday, February 4th. JPMorgan Chase & Co. raised their price objective on Ball from $50.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Morgan Stanley set a $66.00 target price on shares of Ball in a research note on Wednesday, February 4th. Finally, UBS Group reissued a “neutral” rating and set a $66.00 target price on shares of Ball in a report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Ball currently has an average rating of “Moderate Buy” and an average price target of $68.46.

Ball Trading Down 0.1%

Shares of NYSE BALL opened at $62.11 on Tuesday. The company has a market cap of $16.53 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.24 and a beta of 1.10. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $68.29. The company has a current ratio of 1.11, a quick ratio of 0.75 and a debt-to-equity ratio of 1.29. The stock’s 50 day simple moving average is $61.48 and its 200 day simple moving average is $53.78.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.91 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 firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the prior year, the business earned $0.84 EPS. The firm’s revenue was up 16.2% 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 3.48 EPS for the current year.

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were 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 was Monday, March 2nd. Ball’s dividend payout ratio (DPR) is 24.10%.

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.