Ball Corporation $BALL Shares Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC boosted its holdings in Ball Corporation (NYSE:BALL) by 63.0% during the fourth quarter, HoldingsChannel reports. The fund owned 60,190 shares of the company’s stock after buying an additional 23,257 shares during the period. New York Life Investment Management LLC’s holdings in Ball were worth $3,188,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Meridian Wealth Management LLC lifted its holdings in Ball by 2.7% in the fourth quarter. Meridian Wealth Management LLC now owns 6,295 shares of the company’s stock valued at $333,000 after acquiring an additional 165 shares during the last quarter. Western Wealth Management LLC lifted its position in Ball by 3.2% in the fourth quarter. Western Wealth Management LLC now owns 6,752 shares of the company’s stock valued at $358,000 after buying an additional 208 shares during the last quarter. Independent Advisor Alliance lifted its position in Ball by 2.7% in the third quarter. Independent Advisor Alliance now owns 9,470 shares of the company’s stock valued at $477,000 after buying an additional 246 shares during the last quarter. Patton Fund Management Inc. lifted its position in Ball by 5.7% in the fourth quarter. Patton Fund Management Inc. now owns 4,604 shares of the company’s stock valued at $244,000 after buying an additional 248 shares during the last quarter. Finally, Union Bancaire Privee UBP SA lifted its position in Ball by 1.7% in the fourth quarter. Union Bancaire Privee UBP SA now owns 20,223 shares of the company’s stock valued at $1,075,000 after buying an additional 338 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BALL. Weiss Ratings raised shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. UBS Group decreased their target price on shares of Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Truist Financial upped their target price on shares of Ball from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Raymond James Financial set a $73.00 target price on shares of Ball and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Finally, Wells Fargo & Company raised their price target on Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.54.

Ball Stock Down 0.1%

Shares of Ball stock opened at $55.16 on Monday. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29. The company has a 50 day moving average of $60.56 and a 200 day moving average of $56.95. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $14.69 billion, a P/E ratio of 15.94, a P/E/G ratio of 1.08 and a beta of 1.06.

Ball (NYSE:BALL) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. Ball had a net margin of 6.86% and a return on equity of 18.69%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, research analysts forecast that Ball Corporation will post 3.99 EPS for the current fiscal year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, June 1st. Ball’s payout ratio is 23.12%.

Insider Transactions at Ball

In other Ball news, SVP Kathleen Pitre sold 10,660 shares of Ball stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $66.63, for a total transaction of $710,275.80. Following the completion of the sale, the senior vice president directly owned 36,772 shares of the company’s stock, valued at $2,450,118.36. The trade was a 22.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Fauze Villatoro purchased 1,551 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were acquired at an average cost of $64.51 per share, with a total value of $100,055.01. Following the completion of the acquisition, the senior vice president directly owned 13,778 shares in the company, valued at $888,818.78. The trade was a 12.69% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.58% of the stock is owned by insiders.

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.