133,765 Shares in Ball Corporation $BALL Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new stake in Ball Corporation (NYSE:BALL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 133,765 shares of the company’s stock, valued at approximately $8,347,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Independent Advisor Alliance boosted its position in shares of Ball by 276.5% during the 4th quarter. Independent Advisor Alliance now owns 35,654 shares of the company’s stock worth $1,889,000 after acquiring an additional 26,184 shares in the last quarter. Mizuho Markets Cayman LP bought a new stake in Ball during the fourth quarter worth $26,485,000. International Assets Investment Management LLC bought a new stake in Ball during the fourth quarter worth $4,349,000. Swiss Life Asset Management Ltd boosted its holdings in shares of Ball by 70.0% in the 4th quarter. Swiss Life Asset Management Ltd now owns 86,787 shares of the company’s stock valued at $4,597,000 after purchasing an additional 35,749 shares in the last quarter. Finally, AMG National Trust Bank bought a new position in shares of Ball in the 2nd quarter valued at $76,377,000. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ball news, SVP Mandy Glew sold 5,626 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total transaction of $358,938.80. Following the completion of the transaction, the senior vice president owned 7,209 shares in the company, valued at approximately $459,934.20. This trade represents a 43.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on BALL. Citigroup cut shares of Ball from a “buy” rating to a “reduce” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada upped their price objective on Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. UBS Group raised their price objective on shares of Ball from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $65.00 target price (up from $60.00) on shares of Ball in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company boosted their target price on shares of Ball from $71.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Ball currently has an average rating of “Moderate Buy” and a consensus target price of $71.69.

Ball Stock Down 0.1%

Shares of BALL opened at $63.69 on Monday. The stock’s 50-day moving average price is $62.71 and its two-hundred day moving average price is $61.17. Ball Corporation has a 12 month low of $44.83 and a 12 month high of $68.29. The company has a market capitalization of $16.86 billion, a PE ratio of 18.04, a PEG ratio of 1.22 and a beta of 0.98. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13.

Ball (NYSE:BALL) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.04. Ball had a return on equity of 18.76% and a net margin of 6.61%.The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the prior year, the firm posted $0.90 earnings per share. The business’s quarterly revenue was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. On average, analysts anticipate that Ball Corporation will post 4.01 EPS for the current year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Ball’s dividend payout ratio is currently 22.66%.

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.