Ball Corporation $BALL Shares Sold by TD Asset Management Inc

TD Asset Management Inc cut its holdings in Ball Corporation (NYSE:BALL) by 13.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 518,665 shares of the company’s stock after selling 78,220 shares during the period. TD Asset Management Inc owned about 0.19% of Ball worth $27,474,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BALL. Invesco Ltd. raised its position 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 acquiring an additional 602,137 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ball by 13.5% in the third quarter. Dimensional Fund Advisors LP now owns 3,828,298 shares of the company’s stock valued at $193,003,000 after purchasing an additional 455,089 shares in the last quarter. Boston Partners increased its stake in Ball by 2.1% in the third quarter. Boston Partners now owns 3,816,297 shares of the company’s stock valued at $192,402,000 after purchasing an additional 79,700 shares during the last quarter. Norges Bank acquired a new stake in Ball during the fourth quarter worth approximately $178,025,000. Finally, Bank of America Corp DE lifted its position in shares of 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 buying an additional 351,060 shares during the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Ball Stock Performance

BALL opened at $52.93 on Monday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.12 and a quick ratio of 0.72. The stock has a market cap of $14.09 billion, a P/E ratio of 15.30, a P/E/G ratio of 1.03 and a beta of 1.01. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29. The stock’s 50 day simple moving average is $58.84 and its 200 day simple moving average is $57.74.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.09. Ball had a return on equity of 18.69% and a net margin of 6.86%.The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the previous year, the company posted $0.76 EPS. The business’s revenue was up 16.3% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities analysts anticipate that Ball Corporation will post 3.99 EPS for the current fiscal year.

Ball Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently issued reports on BALL shares. UBS Group lowered their target price on shares of Ball from $66.00 to $64.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of Ball in a report on Wednesday, April 1st. They issued a “buy” rating and a $72.00 target price for the company. Weiss Ratings cut shares of Ball from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Wells Fargo & Company raised their price target on Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. raised Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price objective on the stock in a report on Monday, May 18th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Ball currently has an average rating of “Moderate Buy” and a consensus target price of $69.54.

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.