Swiss National Bank Reduces Holdings in Ball Corporation $BALL

Swiss National Bank reduced its position in Ball Corporation (NYSE:BALL) by 6.5% in the 3rd quarter, Holdings Channel reports. The firm owned 759,688 shares of the company’s stock after selling 52,400 shares during the quarter. Swiss National Bank’s holdings in Ball were worth $38,303,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. grew its holdings in shares of Ball by 4,236.8% during the third quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock worth $42,000 after buying an additional 805 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Ball in the second quarter worth about $46,000. CYBER HORNET ETFs LLC purchased a new position in shares of Ball in the second quarter worth about $47,000. Hantz Financial Services Inc. boosted its position in Ball by 395.9% during the third quarter. Hantz Financial Services Inc. now owns 1,210 shares of the company’s stock worth $61,000 after acquiring an additional 966 shares during the last quarter. Finally, True Wealth Design LLC boosted its position in Ball by 17.6% during the third quarter. True Wealth Design LLC now owns 1,438 shares of the company’s stock worth $73,000 after acquiring an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Mizuho increased their price objective on shares of Ball from $58.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. boosted their target price on Ball from $50.00 to $60.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Bank of America upgraded Ball from a “neutral” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Monday, November 17th. Robert W. Baird set a $75.00 price target on Ball in a report on Wednesday, February 4th. Finally, Truist Financial lifted their price objective on Ball from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Ball presently has a consensus rating of “Moderate Buy” and an average price target of $68.46.

Insider Activity at Ball

In other Ball news, SVP Fauze Villatoro purchased 1,551 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were acquired at an average price of $64.51 per share, with a total value of $100,055.01. Following the purchase, the senior vice president directly owned 13,778 shares in the company, valued at approximately $888,818.78. This trade represents a 12.69% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Kathleen Pitre sold 10,660 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $66.63, for a total value of $710,275.80. Following the transaction, the senior vice president owned 36,772 shares of the company’s stock, valued at approximately $2,450,118.36. This represents a 22.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.81% of the company’s stock.

Ball Trading Up 0.3%

BALL stock traded up $0.16 during trading on Friday, reaching $61.85. 123,668 shares of the stock were exchanged, compared to its average volume of 2,186,085. 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 firm has a market capitalization of $16.46 billion, a price-to-earnings ratio of 18.57, a P/E/G ratio of 1.22 and a beta of 1.10. The business has a 50 day moving average price of $61.14 and a 200-day moving average price of $53.63. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $68.29.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.01. The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Ball had a net margin of 6.93% and a return on equity of 18.12%. The business’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. On average, research analysts predict that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, March 2nd. Ball’s dividend payout ratio is presently 24.10%.

Ball 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.