9,212 Shares in Ball Corporation $BALL Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new stake in Ball Corporation (NYSE:BALL) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 9,212 shares of the company’s stock, valued at approximately $464,000.

A number of other large investors have also recently added to or reduced their stakes in BALL. Nordea Investment Management AB grew its holdings in shares of Ball by 48.3% during the second quarter. Nordea Investment Management AB now owns 72,657 shares of the company’s stock worth $4,074,000 after buying an additional 23,657 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new position in Ball during the 3rd quarter worth approximately $583,000. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Ball by 4.8% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 254,445 shares of the company’s stock worth $14,272,000 after acquiring an additional 11,731 shares in the last quarter. Iridian Asset Management LLC CT grew its stake in shares of Ball by 73.7% during the 3rd quarter. Iridian Asset Management LLC CT now owns 46,624 shares of the company’s stock worth $2,351,000 after acquiring an additional 19,776 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Ball by 12.8% in the second quarter. American Century Companies Inc. now owns 565,575 shares of the company’s stock valued at $31,723,000 after purchasing an additional 63,975 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Price Performance

Shares of NYSE BALL opened at $57.38 on Monday. The business’s 50 day moving average price is $51.86 and its two-hundred day moving average price is $51.77. The company has a market cap of $15.38 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 1.13 and a beta of 1.14. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 1.26. Ball Corporation has a twelve month low of $43.51 and a twelve month high of $60.28.

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, November 4th. The company reported $1.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.02. The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Ball had a return on equity of 17.89% and a net margin of 5.36%.The business’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, analysts predict that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, December 1st. Ball’s payout ratio is currently 32.52%.

Wall Street Analysts Forecast Growth

BALL has been the subject of several recent research reports. Royal Bank Of Canada restated an “outperform” rating and set a $67.00 target price on shares of Ball in a report on Thursday, January 15th. UBS Group boosted their price target on shares of Ball from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Morgan Stanley set a $63.00 price objective on Ball and gave the company an “equal weight” rating in a report on Thursday, January 8th. Wells Fargo & Company raised Ball from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $48.00 to $60.00 in a research report on Tuesday, January 6th. Finally, Citigroup upgraded Ball from a “neutral” rating to a “buy” rating and upped their target price for the stock from $54.00 to $67.00 in a report on Tuesday, January 6th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ball has a consensus rating of “Moderate Buy” and an average target price of $62.83.

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.