Ball Corporation $BALL Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in shares of Ball Corporation (NYSE:BALL) by 7.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 110,354 shares of the company’s stock after selling 9,052 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Ball were worth $5,564,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Rosenberg Matthew Hamilton lifted its stake in Ball by 145.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock valued at $29,000 after buying an additional 306 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in Ball by 4,236.8% during the third quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock worth $42,000 after acquiring an additional 805 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in Ball in the 2nd quarter valued at $46,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Ball during the second quarter worth $47,000. Finally, IFP Advisors Inc grew its position in shares of Ball by 103.2% in the second quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock valued at $68,000 after purchasing an additional 580 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BALL. Truist Financial raised their target price on shares of Ball from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Citigroup raised shares of Ball from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $54.00 to $67.00 in a research note on Tuesday, January 6th. Mizuho cut their target price on Ball from $68.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Ball in a report on Monday, December 29th. Finally, Morgan Stanley set a $63.00 price target on Ball and gave the stock an “equal weight” rating in a research note on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $62.83.

Ball Stock Performance

NYSE:BALL opened at $56.56 on Friday. The firm’s fifty day simple moving average is $52.59 and its 200 day simple moving average is $51.82. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 1.26. Ball Corporation has a twelve month low of $43.51 and a twelve month high of $60.28. The firm has a market capitalization of $15.16 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 1.11 and a beta of 1.14.

Ball (NYSE:BALL) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $1.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.02. The firm had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.32 billion. Ball had a return on equity of 17.89% and a net margin of 5.36%.The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 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 business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, March 2nd. Ball’s dividend payout ratio (DPR) is presently 32.52%.

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.