The Manufacturers Life Insurance Company Buys New Shares in Ball Corporation $BALL

The Manufacturers Life Insurance Company bought a new position in shares of Ball Corporation (NYSE:BALL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 133,765 shares of the company’s stock, valued at approximately $8,347,000. The Manufacturers Life Insurance Company owned approximately 0.05% of Ball as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the stock. Independent Advisor Alliance increased its holdings in Ball by 276.5% during the fourth quarter. Independent Advisor Alliance now owns 35,654 shares of the company’s stock worth $1,889,000 after buying an additional 26,184 shares during the last quarter. Mizuho Markets Cayman LP acquired a new stake in Ball in the fourth quarter valued at $26,485,000. International Assets Investment Management LLC acquired a new stake in Ball in the fourth quarter valued at $4,349,000. Swiss Life Asset Management Ltd grew its position in shares of Ball by 70.0% in the 4th quarter. Swiss Life Asset Management Ltd now owns 86,787 shares of the company’s stock valued at $4,597,000 after acquiring an additional 35,749 shares during the period. Finally, AMG National Trust Bank bought a new position in shares of Ball in the 2nd quarter valued at about $76,377,000. 86.51% of the stock is currently owned by institutional investors.

Insider Activity at Ball

In other news, SVP Mandy Glew sold 5,626 shares of Ball stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total value of $358,938.80. Following the completion of the sale, the senior vice president directly owned 7,209 shares in the company, valued at approximately $459,934.20. The trade was a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.58% of the company’s stock.

Ball Stock Down 0.1%

BALL stock opened at $63.69 on Monday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.07 and a quick ratio of 0.66. The stock has a market capitalization of $16.86 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.22 and a beta of 0.98. The business’s fifty day moving average price is $62.71 and its two-hundred day moving average price is $61.17. Ball Corporation has a fifty-two week low of $44.83 and a fifty-two week high of $68.29.

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. Ball had a return on equity of 18.76% and a net margin of 6.61%.The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the firm earned $0.90 earnings per share. The company’s revenue was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. On average, equities analysts anticipate that Ball Corporation will post 4.01 earnings per share for the current year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. Ball’s dividend payout ratio (DPR) is currently 22.66%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BALL shares. Bank of America raised their target price 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. Truist Financial set a $78.00 price target on Ball in a research report on Wednesday, August 5th. Royal Bank Of Canada upped their price objective on Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Wells Fargo & Company raised their price objective on Ball from $71.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Finally, UBS Group lifted their target price on Ball from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $71.69.

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.