Ball Corporation $BALL Shares Sold by TD Asset Management Inc

TD Asset Management Inc cut its holdings in shares of Ball Corporation (NYSE:BALL) by 13.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 518,665 shares of the company’s stock after selling 78,220 shares during the quarter. TD Asset Management Inc’s holdings in Ball were worth $27,474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in BALL. Teacher Retirement System of Texas increased its position in shares of Ball by 58.7% in the fourth quarter. Teacher Retirement System of Texas now owns 262,973 shares of the company’s stock worth $13,930,000 after acquiring an additional 97,264 shares in the last quarter. Cibc World Market Inc. acquired a new position in shares of Ball during the 3rd quarter valued at $5,570,000. Independent Advisor Alliance boosted its position in Ball by 276.5% during the 4th quarter. Independent Advisor Alliance now owns 35,654 shares of the company’s stock worth $1,889,000 after purchasing an additional 26,184 shares during the period. Mizuho Markets Cayman LP purchased a new stake in Ball during the 4th quarter worth $26,485,000. Finally, AIA Group Ltd acquired a new stake in Ball in the 3rd quarter valued at $618,000. 86.51% of the stock is owned by institutional investors and hedge funds.

Ball Stock Up 0.0%

Shares of Ball stock opened at $52.93 on Monday. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29. The company has a market capitalization of $14.09 billion, a PE ratio of 15.30, a P/E/G ratio of 1.03 and a beta of 1.01. 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 business has a 50-day moving average of $58.84 and a 200-day moving average of $57.74.

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

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given 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 dividend payout ratio is presently 23.12%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BALL. Raymond James Financial set a $73.00 price objective on Ball and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. upgraded Ball from a “neutral” rating to an “overweight” rating and set a $60.00 target price for the company in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft initiated coverage on Ball in a report on Wednesday, April 1st. They set a “buy” rating and a $72.00 target price on the stock. Citigroup decreased their price target on Ball from $74.00 to $73.00 and set a “buy” rating for the company in a report on Monday, April 13th. Finally, Wells Fargo & Company increased their price objective on shares of Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ball currently has a consensus rating of “Moderate Buy” and an average price target 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.