Ball Corporation $BALL Shares Purchased by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd raised its stake in shares of Ball Corporation (NYSE:BALL) by 70.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 86,787 shares of the company’s stock after purchasing an additional 35,749 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Ball were worth $4,597,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GoalVest Advisory LLC acquired a new position in Ball during the fourth quarter worth approximately $25,000. Board of the Pension Protection Fund acquired a new position in Ball during the fourth quarter worth approximately $26,000. Triumph Capital Management acquired a new position in Ball during the third quarter worth approximately $26,000. Trust Co. of Vermont increased its position in Ball by 297.0% during the fourth quarter. Trust Co. of Vermont now owns 802 shares of the company’s stock worth $42,000 after purchasing an additional 600 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in Ball during the second quarter worth approximately $46,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on BALL. Robert W. Baird set a $75.00 price target on shares of Ball in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of Ball in a research report on Wednesday, April 1st. They set a “buy” rating and a $72.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of Ball from $50.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Jefferies Financial Group upped their price target on shares of Ball from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Finally, Morgan Stanley set a $66.00 price objective on shares of Ball in a research note on Wednesday, February 4th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ball has an average rating of “Moderate Buy” and an average price target of $69.54.

Ball Price Performance

BALL opened at $56.44 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 1.25. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29. The company has a 50 day moving average of $60.93 and a two-hundred day moving average of $56.87. The company has a market cap of $15.03 billion, a P/E ratio of 16.31, a P/E/G ratio of 1.12 and a beta of 1.06.

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) 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 company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same period in the previous year, the firm earned $0.76 earnings per share. Ball’s revenue for the quarter was up 16.3% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. On average, analysts expect that Ball Corporation will post 3.99 earnings per share for the current year.

Ball Dividend Announcement

The firm also recently disclosed 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. This represents a $0.80 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, June 1st. Ball’s payout ratio is currently 23.12%.

Insider Buying and Selling at Ball

In other news, SVP Fauze Villatoro bought 1,551 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was acquired at an average cost of $64.51 per share, for a total transaction of $100,055.01. Following the completion of the purchase, the senior vice president owned 13,778 shares of the company’s stock, valued at $888,818.78. This trade represents a 12.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kathleen Pitre sold 10,660 shares of the company’s stock in a transaction 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 transaction, the senior vice president owned 36,772 shares of the company’s stock, valued at $2,450,118.36. This trade represents a 22.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.58% of the stock is currently owned by corporate insiders.

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.