Sumitomo Mitsui Trust Group Inc. Reduces Position in Ball Corporation $BALL

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of Ball Corporation (NYSE:BALL) by 14.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 538,123 shares of the company’s stock after selling 89,185 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Ball were worth $33,579,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Diversify Wealth Management LLC bought a new stake in shares of Ball in the second quarter valued at approximately $427,000. Leeward Investments LLC MA lifted its stake in shares of Ball by 10.7% during the 2nd quarter. Leeward Investments LLC MA now owns 169,522 shares of the company’s stock valued at $10,578,000 after buying an additional 16,384 shares in the last quarter. Ethic Inc. boosted its holdings in Ball by 16.7% in the 2nd quarter. Ethic Inc. now owns 38,522 shares of the company’s stock worth $2,404,000 after buying an additional 5,505 shares during the period. Compagnie Lombard Odier SCmA bought a new position in Ball in the 2nd quarter worth approximately $11,772,000. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Ball by 7.1% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 32,804 shares of the company’s stock worth $2,047,000 after buying an additional 2,172 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Price Performance

BALL stock opened at $61.91 on Friday. The firm has a 50 day moving average of $61.17 and a 200-day moving average of $60.98. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13. Ball Corporation has a 12 month low of $44.83 and a 12 month high of $68.29. The firm has a market capitalization of $16.39 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 1.19 and a beta of 0.98.

Ball (NYSE:BALL) last posted its earnings results 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 business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.69 billion. Ball had a net margin of 6.61% and a return on equity of 18.76%. Ball’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, sell-side analysts predict that Ball Corporation will post 4.02 earnings per share for the current fiscal year.

Ball Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 1st. Ball’s payout ratio is 22.66%.

Analysts Set New Price Targets

A number of brokerages have issued reports on BALL. JPMorgan Chase & Co. reissued a “neutral” rating and set a $65.00 target price (up from $60.00) on shares of Ball in a report on Wednesday, August 5th. Citigroup downgraded Ball from a “buy” rating to a “reduce” rating in a research report on Wednesday, August 5th. Mizuho set a $72.00 price target on Ball in a report on Wednesday, August 5th. Royal Bank Of Canada lifted their price target on Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Finally, UBS Group boosted their price objective on Ball from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.69.

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.