Mitsubishi UFJ Asset Management Co. Ltd. Purchases 14,393 Shares of Ball Corporation $BALL

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Ball Corporation (NYSE:BALL) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 556,289 shares of the company’s stock after buying an additional 14,393 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Ball were worth $28,048,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Endeavor Private Wealth Inc. bought a new position in Ball during the 3rd quarter worth $583,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Ball by 4.8% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 254,445 shares of the company’s stock valued at $14,272,000 after acquiring an additional 11,731 shares during the period. Iridian Asset Management LLC CT grew its holdings in shares of Ball by 73.7% during the 3rd quarter. Iridian Asset Management LLC CT now owns 46,624 shares of the company’s stock worth $2,351,000 after purchasing an additional 19,776 shares in the last quarter. Rakuten Investment Management Inc. bought a new position in shares of Ball in the third quarter worth $464,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Ball in the third quarter worth $2,682,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analysts Set New Price Targets

BALL has been the subject of several recent analyst reports. Robert W. Baird set a $75.00 price objective on shares of Ball in a research report on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Ball in a research report on Monday, December 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ball in a research note on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and set a $66.00 price target on shares of Ball in a report on Wednesday, February 4th. Finally, Morgan Stanley set a $66.00 price objective on Ball in a report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.46.

Ball Price Performance

BALL stock opened at $67.07 on Monday. The company has a market capitalization of $17.84 billion, a P/E ratio of 20.20, a PEG ratio of 1.34 and a beta of 1.10. The company has a fifty day moving average price of $59.23 and a 200-day moving average price of $53.00. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.75 and a current ratio of 1.11. Ball Corporation has a 52-week low of $43.51 and a 52-week high of $68.29.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.01. The company had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Ball had a net margin of 6.93% and a return on equity of 18.12%. Ball’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities analysts expect that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. Ball’s dividend payout ratio is presently 24.10%.

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.