Swiss Life Asset Management Ltd Cuts Position in Ball Corporation $BALL

Swiss Life Asset Management Ltd reduced its position in Ball Corporation (NYSE:BALL) by 45.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,557 shares of the company’s stock after selling 62,675 shares during the period. Swiss Life Asset Management Ltd’s holdings in Ball were worth $4,715,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Meridian Wealth Management LLC increased its position in Ball by 2.7% during the 4th quarter. Meridian Wealth Management LLC now owns 6,295 shares of the company’s stock worth $333,000 after purchasing an additional 165 shares in the last quarter. Leonteq Securities AG lifted its position in Ball by 3.6% during the second quarter. Leonteq Securities AG now owns 5,415 shares of the company’s stock valued at $338,000 after buying an additional 188 shares in the last quarter. Western Wealth Management LLC lifted its position in Ball by 3.2% during the fourth quarter. Western Wealth Management LLC now owns 6,752 shares of the company’s stock valued at $358,000 after buying an additional 208 shares in the last quarter. Parvin Asset Management LLC grew its stake in Ball by 19.5% during the first quarter. Parvin Asset Management LLC now owns 1,315 shares of the company’s stock worth $78,000 after buying an additional 215 shares during the period. Finally, Evelyn Partners Investment Management LLP grew its stake in Ball by 11.3% during the first quarter. Evelyn Partners Investment Management LLP now owns 2,144 shares of the company’s stock worth $127,000 after buying an additional 218 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reissued 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. Mizuho set a $72.00 target price on shares of Ball in a report on Wednesday, August 5th. Royal Bank Of Canada upped their price target on shares of Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Raymond James Financial set a $73.00 price target on Ball and gave the company an “outperform” rating in a report on Tuesday, April 21st. Finally, UBS Group boosted their price objective on Ball from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ball has an average rating of “Moderate Buy” and a consensus target price of $71.69.

Ball Trading Down 0.4%

Shares of BALL opened at $61.91 on Friday. The company has a market capitalization of $16.39 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.19 and a beta of 0.98. Ball Corporation has a one year low of $44.83 and a one year high of $68.29. 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 stock has a 50-day moving average price of $61.17 and a 200 day moving average price of $60.98.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. Ball had a return on equity of 18.76% and a net margin of 6.61%.The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the firm earned $0.90 EPS. Ball’s quarterly revenue was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts forecast that Ball Corporation will post 4.02 EPS for the current fiscal year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. Ball’s dividend payout ratio (DPR) is presently 22.66%.

Ball Company 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.