Ball Corporation $BALL Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd trimmed its stake in Ball Corporation (NYSE:BALL) by 17.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,238 shares of the company’s stock after selling 9,604 shares during the quarter. IFM Investors Pty Ltd’s holdings in Ball were worth $2,674,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of BALL. Price T Rowe Associates Inc. MD boosted its holdings in shares of Ball by 5.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock valued at $1,000,429,000 after purchasing an additional 999,690 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Ball by 3.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,225,631 shares of the company’s stock worth $382,742,000 after buying an additional 266,238 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Ball by 47.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,658,732 shares of the company’s stock worth $299,749,000 after buying an additional 1,830,434 shares during the period. Boston Partners boosted its holdings in Ball by 24.2% in the fourth quarter. Boston Partners now owns 4,739,044 shares of the company’s stock valued at $251,057,000 after acquiring an additional 922,747 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Ball by 14.9% in the third quarter. Invesco Ltd. now owns 4,651,348 shares of the company’s stock valued at $234,521,000 after acquiring an additional 602,137 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BALL shares. Wells Fargo & Company upped their price target on Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Truist Financial boosted their target price on Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Raymond James Financial set a $73.00 price target on shares of Ball and gave the company an “outperform” rating in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ball in a research note on Wednesday, April 1st. They set a “buy” rating and a $72.00 price objective for the company. Finally, UBS Group dropped their price objective on shares of Ball from $66.00 to $64.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $69.54.

Ball News Summary

Here are the key news stories impacting Ball this week:

• Positive Sentiment: Brokerage coverage remains constructive, with Ball Corporation receiving a consensus rating of “Moderate Buy”, which can support investor confidence in the stock. Ball Corporation (NYSE:BALL) Given Consensus Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Several articles about a July 4th “Times Square ball” drop refer to the New York celebration ball, not Ball Corporation, so they are unlikely to move BALL shares. Times Square ball to drop 8 times in New York City: Timeline, other details
• Neutral Sentiment: Other headlines about the “high-tech ball” used in World Cup technology also appear unrelated to Ball Corporation’s packaging business and are not expected to affect the stock. This high-tech ball was involved in one of the most dramatic moments in World Cup history

Ball Trading Down 0.1%

Shares of BALL opened at $63.35 on Friday. Ball Corporation has a 12 month low of $44.83 and a 12 month high of $68.29. The stock’s 50-day moving average is $57.83 and its two-hundred day moving average is $59.11. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.12 and a quick ratio of 0.72. The stock has a market cap of $16.87 billion, a PE ratio of 18.31, a P/E/G ratio of 1.24 and a beta of 0.98.

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

Ball Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, June 1st. Ball’s dividend payout ratio is currently 23.12%.

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.