69,755 Shares in Ball Corporation $BALL Acquired by SEB Asset Management AB

SEB Asset Management AB bought a new position in shares of Ball Corporation (NYSE:BALL) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 69,755 shares of the company’s stock, valued at approximately $4,123,000.

A number of other institutional investors have also recently bought and sold shares of BALL. Triumph Capital Management acquired a new position in shares of Ball in the third quarter valued at approximately $26,000. Gilpin Wealth Management LLC acquired a new stake in shares of Ball during the fourth quarter worth $29,000. Harbour Investments Inc. raised its holdings in shares of Ball by 44.1% during the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after acquiring an additional 222 shares during the period. Trust Co. of Vermont lifted its position in Ball by 297.0% in the 4th quarter. Trust Co. of Vermont now owns 802 shares of the company’s stock valued at $42,000 after acquiring an additional 600 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in Ball in the 2nd quarter valued at $46,000. Institutional investors own 86.51% of the company’s stock.

Ball Stock Down 0.5%

Ball stock opened at $62.26 on Thursday. The company has a market cap of $16.58 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 1.23 and a beta of 0.98. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29. The company has a fifty day simple moving average of $58.45 and a 200 day simple moving average of $60.02. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25.

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

Ball Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have issued reports on BALL. Weiss Ratings upgraded Ball from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Citigroup cut their price target on Ball from $73.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Wells Fargo & Company upped their price objective on Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada increased their price objective on Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Finally, UBS Group dropped their target price on Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Ball has a consensus rating of “Moderate Buy” and an average target price of $70.85.

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.