Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 42,550 Shares of Ball Corporation $BALL

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Ball Corporation (NYSE:BALL) by 102.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,950 shares of the company’s stock after acquiring an additional 42,550 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Ball were worth $4,962,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its position in shares of Ball by 58.7% during the fourth quarter. Teacher Retirement System of Texas now owns 262,973 shares of the company’s stock worth $13,930,000 after acquiring an additional 97,264 shares during the last quarter. Independent Advisor Alliance increased its holdings in shares of Ball by 276.5% in the fourth quarter. Independent Advisor Alliance now owns 35,654 shares of the company’s stock worth $1,889,000 after purchasing an additional 26,184 shares during the last quarter. Mizuho Markets Cayman LP purchased a new stake in shares of Ball in the fourth quarter worth about $26,485,000. AIA Group Ltd purchased a new position in Ball during the 3rd quarter valued at approximately $618,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Ball by 6.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,521 shares of the company’s stock worth $35,676,000 after acquiring an additional 40,593 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Raymond James Financial set a $73.00 price target on shares of Ball and gave the company an “outperform” rating in a research note on Tuesday, April 21st. UBS Group reduced their price objective on Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Truist Financial lifted 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. Weiss Ratings upgraded Ball from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Ball in a research report on Friday, April 17th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $69.54.

Ball Trading Up 1.1%

BALL opened at $63.66 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 1.25. The stock’s fifty day moving average is $57.83 and its two-hundred day moving average is $59.16. The company has a market capitalization of $16.95 billion, a P/E ratio of 18.29, a PEG ratio of 1.24 and a beta of 0.98. Ball Corporation has a 52 week low of $44.83 and a 52 week high of $68.29.

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, topping analysts’ consensus estimates of $0.85 by $0.09. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.34 billion. Ball had a return on equity of 18.69% and a net margin of 6.86%.The business’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Analysts forecast that Ball Corporation will post 3.99 earnings per share for the current year.

Ball Dividend Announcement

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

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.