Korea Investment CORP Boosts Stake in Ball Corporation $BALL

Korea Investment CORP raised its holdings in shares of Ball Corporation (NYSE:BALL) by 46.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 393,084 shares of the company’s stock after purchasing an additional 125,069 shares during the quarter. Korea Investment CORP owned 0.15% of Ball worth $19,819,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. SJS Investment Consulting Inc. increased its stake in Ball by 4,236.8% in the 3rd quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock worth $42,000 after buying an additional 805 shares during the period. MUFG Securities EMEA plc purchased a new stake in Ball during the second quarter worth $46,000. CYBER HORNET ETFs LLC bought a new stake in Ball during the second quarter valued at about $47,000. Hantz Financial Services Inc. boosted its holdings in shares of Ball by 395.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,210 shares of the company’s stock valued at $61,000 after buying an additional 966 shares in the last quarter. Finally, True Wealth Design LLC boosted 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 in the last quarter. Institutional investors own 86.51% of the company’s stock.

Analysts Set New Price Targets

BALL has been the topic of several research analyst reports. Bank of America upgraded Ball from a “neutral” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Monday, November 17th. Royal Bank Of Canada reissued an “outperform” rating on shares of Ball in a research note on Wednesday, February 4th. Mizuho lifted their target price on shares of Ball from $58.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ball in a research report on Monday, December 29th. Finally, Truist Financial increased their price target on Ball from $69.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $68.46.

Insiders Place Their Bets

In other news, SVP Fauze Villatoro bought 1,551 shares of the stock in a transaction on Wednesday, March 4th. The stock was purchased at an average cost of $64.51 per share, with a total value of $100,055.01. Following the purchase, the senior vice president owned 13,778 shares of the company’s stock, valued at approximately $888,818.78. The trade was a 12.69% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 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 value 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. The trade was a 22.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.57% of the stock is currently owned by insiders.

Ball Stock Down 0.7%

BALL stock opened at $61.95 on Wednesday. Ball Corporation has a twelve month low of $43.51 and a twelve month high of $68.29. The stock has a market cap of $16.48 billion, a P/E ratio of 18.66, a PEG ratio of 1.24 and a beta of 1.10. 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 company’s 50 day moving average is $60.79 and its two-hundred day moving average is $53.52.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.90 by $0.01. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.11 billion. Ball had a return on equity of 18.12% and a net margin of 6.93%.The firm’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. Research analysts expect that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. Ball’s dividend payout ratio (DPR) is 24.10%.

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.