Ball Corporation $BALL Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH trimmed its holdings in Ball Corporation (NYSE:BALL) by 30.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,653 shares of the company’s stock after selling 25,208 shares during the period. Allianz Asset Management GmbH’s holdings in Ball were worth $2,907,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of BALL. Praxis Investment Management Inc. boosted its position in shares of Ball by 1.2% in the second quarter. Praxis Investment Management Inc. now owns 15,340 shares of the company’s stock worth $860,000 after acquiring an additional 180 shares during the last quarter. Ethic Inc. raised its position in shares of Ball by 0.6% in the 2nd quarter. Ethic Inc. now owns 34,415 shares of the company’s stock worth $1,941,000 after buying an additional 205 shares during the period. True Wealth Design LLC boosted its holdings in Ball by 17.6% in the third quarter. True Wealth Design LLC now owns 1,438 shares of the company’s stock valued at $73,000 after acquiring an additional 215 shares during the last quarter. Independent Advisor Alliance grew its position in Ball by 2.7% during the third quarter. Independent Advisor Alliance now owns 9,470 shares of the company’s stock valued at $477,000 after acquiring an additional 246 shares during the period. Finally, Seeds Investor LLC increased its stake in Ball by 4.1% during the second quarter. Seeds Investor LLC now owns 6,797 shares of the company’s stock worth $381,000 after acquiring an additional 265 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Bank of America upgraded Ball from a “neutral” rating to a “buy” rating and set a $61.00 target price for the company in a report on Monday, November 17th. Jefferies Financial Group increased their price objective on shares of Ball from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. lifted their target price on shares of Ball from $50.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. UBS Group reaffirmed a “neutral” rating and set a $66.00 price target on shares of Ball in a research report on Wednesday, February 4th. Finally, Mizuho boosted their price objective on Ball from $58.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.46.

Ball Trading Down 0.5%

NYSE:BALL opened at $67.42 on Thursday. The company has a market capitalization of $18.07 billion, a P/E ratio of 20.31, a P/E/G ratio of 1.35 and a beta of 1.13. The stock’s 50 day moving average price is $55.23 and its 200 day moving average price is $52.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.72 and a current ratio of 1.11. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $68.29.

Ball (NYSE:BALL) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.90 by $0.01. Ball had a net margin of 6.93% and a return on equity of 18.10%. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the prior year, the business posted $0.84 EPS. Ball’s quarterly revenue was up 16.2% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. On average, research analysts forecast that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. Ball’s dividend payout ratio is currently 24.10%.

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.