Sequent Planning LLC Buys Shares of 9,116 Ball Corporation $BALL

Sequent Planning LLC bought a new stake in Ball Corporation (NYSE:BALL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,116 shares of the company’s stock, valued at approximately $483,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Invesco Ltd. boosted its holdings in shares of Ball by 14.9% during the 3rd quarter. Invesco Ltd. now owns 4,651,348 shares of the company’s stock worth $234,521,000 after buying an additional 602,137 shares during the period. Dimensional Fund Advisors LP raised its holdings in Ball by 13.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,828,298 shares of the company’s stock worth $193,003,000 after acquiring an additional 455,089 shares during the period. Boston Partners raised its holdings in Ball by 2.1% in the 3rd quarter. Boston Partners now owns 3,816,297 shares of the company’s stock worth $192,402,000 after acquiring an additional 79,700 shares during the period. Bank of America Corp DE lifted its position in Ball by 17.1% during the 3rd quarter. Bank of America Corp DE now owns 2,406,154 shares of the company’s stock worth $121,318,000 after acquiring an additional 351,060 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Ball by 1.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,141,399 shares of the company’s stock worth $107,969,000 after acquiring an additional 29,586 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ball

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BALL shares. Morgan Stanley set a $66.00 price target on Ball in a research report on Wednesday, February 4th. Truist Financial boosted their price objective on Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Mizuho increased their target price on Ball from $58.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Weiss Ratings raised Ball from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Ball in a research report on Wednesday, April 1st. They issued a “buy” rating and a $72.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.54.

Ball Stock Performance

NYSE:BALL opened at $55.16 on Monday. The firm’s 50-day moving average is $60.56 and its 200-day moving average is $56.95. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.12. The company has a market cap of $14.69 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.08 and a beta of 1.06.

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

Ball Announces Dividend

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

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.