Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 28,400 Shares of Ball Corporation $BALL

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Ball Corporation (NYSE:BALL) by 218.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,400 shares of the company’s stock after purchasing an additional 28,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Ball were worth $2,193,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in shares of Ball by 44.0% in the 4th quarter. Parallel Advisors LLC now owns 3,223 shares of the company’s stock valued at $171,000 after acquiring an additional 985 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Ball by 2.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 45,451 shares of the company’s stock valued at $2,407,000 after acquiring an additional 1,128 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Ball in the 4th quarter valued at $527,000. CIBC Asset Management Inc increased its stake in shares of Ball by 54.9% in the 4th quarter. CIBC Asset Management Inc now owns 64,435 shares of the company’s stock valued at $3,413,000 after acquiring an additional 22,836 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Ball by 5.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,254,022 shares of the company’s stock valued at $119,396,000 after acquiring an additional 112,623 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

NYSE BALL opened at $54.12 on Wednesday. The company has a fifty day simple moving average of $58.60 and a 200 day simple moving average of $57.82. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. The company has a market cap of $14.41 billion, a P/E ratio of 15.64, a PEG ratio of 1.03 and a beta of 1.01.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter last year, the firm posted $0.76 EPS. Ball’s revenue was up 16.3% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts predict that Ball Corporation will post 3.99 earnings per share for the current fiscal year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.80 annualized dividend and a yield of 1.5%. Ball’s dividend payout ratio (DPR) is presently 23.12%.

Analysts Set New Price Targets

Several analysts have recently weighed in on BALL shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Ball in a research note on Wednesday, April 1st. They issued a “buy” rating and a $72.00 price objective for the company. 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. 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. UBS Group lowered their price objective on shares of Ball from $66.00 to $64.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Finally, 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. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.