Cullen Frost Bankers Inc. Has $5.50 Million Stake in Ball Corporation $BALL

Cullen Frost Bankers Inc. lowered its position in Ball Corporation (NYSE:BALL) by 11.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 103,787 shares of the company’s stock after selling 13,953 shares during the period. Cullen Frost Bankers Inc.’s holdings in Ball were worth $5,498,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas lifted its position in shares of Ball by 58.7% in the 4th quarter. Teacher Retirement System of Texas now owns 262,973 shares of the company’s stock worth $13,930,000 after purchasing an additional 97,264 shares during the period. Cibc World Market Inc. acquired a new position in shares of Ball in the 3rd quarter worth approximately $5,570,000. Rakuten Investment Management Inc. acquired a new position in shares of Ball in the 3rd quarter worth approximately $464,000. Independent Advisor Alliance lifted its position in shares of Ball by 276.5% in the 4th quarter. Independent Advisor Alliance now owns 35,654 shares of the company’s stock worth $1,889,000 after purchasing an additional 26,184 shares during the period. Finally, First Merchants Corp lifted its position in shares of Ball by 125.9% in the 4th quarter. First Merchants Corp now owns 75,609 shares of the company’s stock worth $4,005,000 after purchasing an additional 42,134 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Performance

NYSE:BALL opened at $56.84 on Thursday. The company has a fifty day moving average of $60.16 and a 200-day moving average of $57.12. The firm has a market capitalization of $15.13 billion, a P/E ratio of 16.43, a P/E/G ratio of 1.07 and a beta of 1.06. 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 twelve month low of $44.83 and a twelve month high of $68.29.

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.09. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.34 billion. Ball had a net margin of 6.86% and a return on equity of 18.69%. Ball’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, sell-side analysts anticipate that Ball Corporation will post 3.99 EPS for the current year.

Ball Announces Dividend

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 issued a dividend of $0.20 per share. The ex-dividend date is Monday, June 1st. This represents a $0.80 annualized dividend and a yield of 1.4%. Ball’s dividend payout ratio is presently 23.12%.

Insider Buying and Selling at Ball

In other Ball news, 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 transaction, the senior vice president owned 36,772 shares in the company, valued at approximately $2,450,118.36. This represents a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Fauze Villatoro acquired 1,551 shares of the stock in a transaction on Wednesday, March 4th. The shares were acquired at an average price of $64.51 per share, for a total transaction of $100,055.01. Following the acquisition, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.58% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BALL. Deutsche Bank Aktiengesellschaft began coverage on shares of Ball in a research report on Wednesday, April 1st. They issued a “buy” rating and a $72.00 price target on the stock. Jefferies Financial Group lifted their price objective on shares of Ball from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Wells Fargo & Company lifted their price objective on shares of Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Citigroup lowered their price objective on shares of Ball from $74.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Finally, Raymond James Financial set a $73.00 price objective on shares of Ball and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $69.54.

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.