Ball Corporation $BALL Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Ball Corporation (NYSE:BALL) by 122.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,294 shares of the company’s stock after acquiring an additional 45,259 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Ball were worth $4,611,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Ball during the 2nd quarter valued at about $1,310,991,000. State Street Corp increased its position in Ball by 8.3% during the second quarter. State Street Corp now owns 13,416,598 shares of the company’s stock worth $837,196,000 after purchasing an additional 1,024,861 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Ball by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,999,409 shares of the company’s stock worth $354,605,000 after purchasing an additional 340,677 shares during the last quarter. Deutsche Bank AG acquired a new stake in Ball during the second quarter worth about $163,768,000. Finally, Bank of America Corp DE purchased a new position in Ball during the second quarter worth about $160,506,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Insider Transactions at Ball

In other Ball news, SVP Mandy Glew sold 5,626 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total transaction of $358,938.80. Following the transaction, the senior vice president directly owned 7,209 shares in the company, valued at $459,934.20. This represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.58% of the stock is currently owned by insiders.

Ball Price Performance

Ball stock opened at $65.78 on Friday. The company’s 50 day simple moving average is $60.85 and its 200-day simple moving average is $60.38. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.66 and a current ratio of 1.07. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29. The company has a market capitalization of $17.41 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 1.29 and a beta of 0.96.

Ball (NYSE:BALL) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Ball had a net margin of 6.61% and a return on equity of 18.76%. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the company posted $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities research analysts expect that Ball Corporation will post 4.01 earnings per share for the current year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Ball’s payout ratio is presently 22.66%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BALL shares. Citigroup lowered shares of Ball from a “buy” rating to a “reduce” rating in a report on Wednesday, August 5th. Bank of America increased their price target on shares of Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada cut their price target on shares of Ball from $77.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, October 13th. Wells Fargo & Company reduced their price target on shares of Ball from $72.00 to $70.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. upgraded Ball from a “neutral” rating to an “overweight” rating and set a $65.00 price objective on the stock in a report on Friday, September 18th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.00.

Ball Company Profile

Ball Corporation is a global supplier of sustainable aluminum packaging. The company primarily manufactures aluminum beverage cans, bottles and cups used by beer, soft-drink, energy-drink and other beverage companies. Its products are designed to support brand presentation, product protection and recycling throughout the packaging lifecycle.

Ball serves customers across North and South America, Europe and other international markets through a network of manufacturing facilities. The company also develops and markets aluminum packaging products for additional consumer and household applications, including its reusable and recyclable Ball Aluminum Cup.

Founded in 1880 as a manufacturer of glass containers, Ball evolved into a major producer of metal packaging and became particularly known for its aluminum beverage cans.