14,573 Shares in Ball Corporation $BALL Acquired by Daiichi Life Insurance Co. Ltd.

Daiichi Life Insurance Co. Ltd. bought a new position in Ball Corporation (NYSE:BALL) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,573 shares of the company’s stock, valued at approximately $909,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Independent Advisor Alliance increased its holdings in shares of Ball by 276.5% in the fourth quarter. Independent Advisor Alliance now owns 35,654 shares of the company’s stock valued at $1,889,000 after buying an additional 26,184 shares in the last quarter. Mizuho Markets Cayman LP bought a new stake in shares of Ball during the 4th quarter worth $26,485,000. International Assets Investment Management LLC acquired a new stake in shares of Ball during the fourth quarter worth $4,349,000. Swiss Life Asset Management Ltd increased its stake in Ball by 70.0% in the 4th quarter. Swiss Life Asset Management Ltd now owns 86,787 shares of the company’s stock worth $4,597,000 after purchasing an additional 35,749 shares in the last quarter. Finally, New York Life Investment Management LLC raised its holdings in Ball by 63.0% during the 4th quarter. New York Life Investment Management LLC now owns 60,190 shares of the company’s stock worth $3,188,000 after buying an additional 23,257 shares during the period. 86.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a $65.00 price target (up from $60.00) on shares of Ball in a research report on Wednesday, August 5th. Mizuho set a $72.00 target price on shares of Ball in a research note on Wednesday, August 5th. Citigroup lowered Ball from a “buy” rating to a “reduce” rating 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 report on Thursday, July 9th. Finally, UBS Group increased their price objective 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 assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $71.69.

Ball Trading Up 1.3%

NYSE BALL opened at $64.43 on Tuesday. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $17.05 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. The firm’s fifty day simple moving average is $62.23 and its 200-day simple moving average is $61.23.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%.Ball’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the company earned $0.90 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, sell-side analysts anticipate that Ball Corporation will post 4.01 earnings per share for the current fiscal year.

Ball Announces Dividend

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 paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. Ball’s dividend payout ratio (DPR) is 22.66%.

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.