Ball Corporation $BALL Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its position in Ball Corporation (NYSE:BALL) by 6.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 627,308 shares of the company’s stock after selling 46,213 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Ball were worth $37,080,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its stake in shares of Ball by 41.2% during the fourth quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock worth $289,000 after purchasing an additional 1,531 shares in the last quarter. AQR Capital Management LLC raised its stake in Ball by 402.8% in the first quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock valued at $4,356,000 after buying an additional 67,289 shares in the last quarter. Empowered Funds LLC lifted its holdings in Ball by 10.6% during the 1st quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock worth $321,000 after buying an additional 590 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Ball during the 2nd quarter worth about $453,000. Finally, Jump Financial LLC acquired a new position in shares of Ball during the 2nd quarter worth about $696,000. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BALL shares. UBS Group cut 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. Citigroup lowered their price target on Ball from $73.00 to $72.00 and set a “buy” rating for the company in a report on Thursday. Weiss Ratings raised shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. upgraded shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price objective for the company in a research report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Ball in a report on Wednesday, April 1st. They issued a “buy” rating and a $72.00 target price for the company. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.92.

Ball Stock Up 0.1%

BALL stock opened at $61.74 on Monday. The company has a fifty day moving average price of $57.86 and a 200 day moving average price of $59.50. Ball Corporation has a 12 month low of $44.83 and a 12 month high of $68.29. The company has a market cap of $16.44 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 1.20 and a beta of 0.98. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.12 and a quick ratio of 0.72.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.09. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.34 billion. Ball had a net margin of 6.86% and a return on equity of 18.69%. Ball’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period last year, the firm posted $0.76 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts expect 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 was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, June 1st. Ball’s payout ratio is 23.12%.

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.