Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Stock Holdings in Ball Corporation $BALL

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Ball Corporation (NYSE:BALL) by 218.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 41,400 shares of the company’s stock after purchasing an additional 28,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Ball were worth $2,193,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. GoalVest Advisory LLC purchased a new position in Ball during the 4th quarter worth $25,000. Board of the Pension Protection Fund purchased a new position in Ball during the 4th quarter worth $26,000. Triumph Capital Management purchased a new position in Ball during the 3rd quarter worth $26,000. Harbour Investments Inc. boosted its holdings in Ball by 44.1% during the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after acquiring an additional 222 shares during the last quarter. Finally, Trust Co. of Vermont boosted its holdings in Ball by 297.0% during the 4th quarter. Trust Co. of Vermont now owns 802 shares of the company’s stock worth $42,000 after acquiring an additional 600 shares during the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BALL has been the topic of a number of analyst reports. Citigroup cut their price objective on shares of Ball from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, April 13th. JPMorgan Chase & Co. raised shares of 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. Wells Fargo & Company boosted their price target on shares of Ball from $70.00 to $71.00 and gave the stock an “overweight” rating 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 price target on the stock. Finally, Raymond James Financial set a $73.00 price target on shares of Ball and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.54.

Ball Price Performance

Shares of NYSE:BALL opened at $54.12 on Wednesday. The company’s 50-day moving average is $58.60 and its 200 day moving average is $57.82. 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 capitalization of $14.41 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01. Ball Corporation has a fifty-two week low of $44.83 and a fifty-two week high of $68.29.

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

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, June 1st. Ball’s 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.