CIBC Asset Management Inc Raises Stake in Ball Corporation $BALL

CIBC Asset Management Inc raised its position in Ball Corporation (NYSE:BALL) by 54.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,435 shares of the company’s stock after acquiring an additional 22,836 shares during the quarter. CIBC Asset Management Inc’s holdings in Ball were worth $3,413,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in Ball by 5.3% in the fourth quarter. Bank of New York Mellon Corp now owns 2,254,022 shares of the company’s stock worth $119,396,000 after acquiring an additional 112,623 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Ball by 33.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,506,389 shares of the company’s stock worth $79,793,000 after acquiring an additional 376,688 shares during the last quarter. Natixis Advisors LLC lifted its stake in Ball by 13.2% in the fourth quarter. Natixis Advisors LLC now owns 554,893 shares of the company’s stock worth $29,393,000 after acquiring an additional 64,765 shares during the last quarter. AXQ Capital LP purchased a new position in Ball in the fourth quarter worth approximately $718,000. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Ball by 0.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 88,761 shares of the company’s stock worth $4,702,000 after acquiring an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

Shares of BALL opened at $52.93 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.12. The stock has a market capitalization of $14.09 billion, a P/E ratio of 15.30, a P/E/G ratio of 1.03 and a beta of 1.01. The company’s fifty day moving average is $58.84 and its two-hundred day moving average is $57.74. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29.

Ball (NYSE:BALL) last announced its quarterly earnings data 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. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.34 billion. Ball had a net margin of 6.86% and a return on equity of 18.69%. Ball’s revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. On average, sell-side analysts predict that Ball Corporation will post 3.99 earnings per share for the current year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.5%. Ball’s dividend payout ratio is 23.12%.

Wall Street Analysts Forecast Growth

BALL has been the subject of several recent analyst reports. Raymond James Financial set a $73.00 price objective on shares of Ball and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Wells Fargo & Company boosted their price objective on shares of Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Citigroup reduced their price objective on shares of Ball from $74.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ball in a research report on Wednesday, April 1st. They set a “buy” rating and a $72.00 price objective for the company. Finally, UBS Group reduced 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 equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.54.

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.