APG Asset Management N.V. Sells 29,300 Shares of Ball Corporation $BALL

APG Asset Management N.V. cut its holdings in Ball Corporation (NYSE:BALL) by 15.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 158,100 shares of the company’s stock after selling 29,300 shares during the period. APG Asset Management N.V. owned 0.06% of Ball worth $7,971,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC increased its position in Ball by 41.2% in the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock worth $289,000 after buying an additional 1,531 shares during the period. AQR Capital Management LLC increased its position in Ball by 402.8% during the first quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock worth $4,356,000 after acquiring an additional 67,289 shares during the period. Empowered Funds LLC increased its position in Ball by 10.6% during the first quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock worth $321,000 after acquiring an additional 590 shares during the period. Sivia Capital Partners LLC acquired a new position in Ball during the 2nd quarter valued at $453,000. Finally, Assetmark Inc. boosted its holdings in Ball by 5.4% in the 2nd quarter. Assetmark Inc. now owns 81,334 shares of the company’s stock valued at $4,562,000 after purchasing an additional 4,202 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Insider Activity

In other news, SVP Kathleen Pitre sold 10,660 shares of Ball stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $66.63, for a total value of $710,275.80. Following the completion of the transaction, the senior vice president owned 36,772 shares in the company, valued at approximately $2,450,118.36. The trade was a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BALL. Bank of America raised shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Monday, November 17th. Morgan Stanley set a $66.00 price target on Ball in a report on Wednesday, February 4th. Mizuho lifted their price objective on Ball from $58.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Royal Bank Of Canada restated an “outperform” rating on shares of Ball in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Ball from $50.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.46.

Ball Stock Down 1.8%

Shares of NYSE BALL opened at $65.25 on Wednesday. The stock has a market cap of $17.36 billion, a PE ratio of 19.65, a PEG ratio of 1.32 and a beta of 1.10. The business has a fifty day moving average of $59.77 and a two-hundred day moving average of $53.17. Ball Corporation has a 52-week low of $43.51 and a 52-week high of $68.29. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.75 and a current ratio of 1.11.

Ball (NYSE:BALL) last posted its earnings results on Tuesday, February 3rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.01. The business had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.11 billion. Ball had a net margin of 6.93% and a return on equity of 18.12%. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities research analysts expect that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Dividend Announcement

The company 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 annualized dividend and a dividend yield of 1.2%. Ball’s dividend payout ratio (DPR) is presently 24.10%.

About Ball

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.