Ball Corporation $BALL Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd lowered its position in Ball Corporation (NYSE:BALL) by 17.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BALL. Bayban acquired a new stake in Ball in the 1st quarter valued at about $534,000. Simmons Bank purchased a new position in Ball during the 1st quarter valued at about $201,000. Apollon Wealth Management LLC raised its position in Ball by 45.8% during the first quarter. Apollon Wealth Management LLC now owns 6,959 shares of the company’s stock worth $411,000 after acquiring an additional 2,186 shares during the last quarter. Orange Investment Advisors Inc. acquired a new position in Ball during the first quarter worth about $207,000. Finally, MeadowBrook Investment Advisors LLC purchased a new stake in shares of Ball in the first quarter valued at about $195,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Down 0.1%

BALL stock opened at $63.35 on Friday. The company has a 50 day moving average price of $57.83 and a two-hundred day moving average price of $59.11. 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 $16.87 billion, a P/E ratio of 18.31, a PEG ratio of 1.24 and a beta of 0.98. Ball Corporation has a one year low of $44.83 and a one year high of $68.29.

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

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.20 per share. The ex-dividend date was Monday, June 1st. This represents a $0.80 annualized dividend and a yield of 1.3%. Ball’s dividend payout ratio is 23.12%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented 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. UBS Group reduced their target price on Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. JPMorgan Chase & Co. upgraded Ball from a “neutral” rating to an “overweight” rating and set a $60.00 target price on the stock in a report on Monday, May 18th. Royal Bank Of Canada reissued an “outperform” rating on shares of Ball in a research report on Friday, April 17th. Finally, Truist Financial boosted their price target on Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $69.54.

Ball News Roundup

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 Company 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.