London Co. of Virginia Sells 166,971 Shares of Ball Corporation $BALL

London Co. of Virginia trimmed its holdings in shares of Ball Corporation (NYSE:BALL) by 6.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,505,696 shares of the company’s stock after selling 166,971 shares during the period. London Co. of Virginia owned approximately 0.93% of Ball worth $132,727,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Teacher Retirement System of Texas lifted its holdings in shares of Ball by 58.7% during the 4th 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 during the period. Independent Advisor Alliance lifted its holdings in shares of 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 acquiring an additional 26,184 shares during the period. Mizuho Markets Cayman LP bought a new position in shares of Ball during the 4th quarter worth about $26,485,000. First Merchants Corp lifted its holdings in shares of Ball by 125.9% during the 4th quarter. First Merchants Corp now owns 75,609 shares of the company’s stock worth $4,005,000 after acquiring an additional 42,134 shares during the period. Finally, AIA Group Ltd bought a new position in shares of Ball during the 3rd quarter worth about $618,000. 86.51% of the stock is owned by institutional investors.

Ball Trading Up 1.4%

Shares of Ball stock opened at $58.17 on Wednesday. The stock has a market capitalization of $15.49 billion, a P/E ratio of 16.81, a price-to-earnings-growth ratio of 1.12 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 1.25. The company has a 50-day simple moving average of $58.32 and a 200 day simple moving average of $58.09. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29.

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

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, June 1st. Ball’s dividend payout ratio (DPR) is presently 23.12%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BALL shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ball in a report on Wednesday, April 1st. They set a “buy” rating and a $72.00 price objective for the company. Raymond James Financial set a $73.00 target price on shares of Ball and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Wells Fargo & Company increased their target price on shares of Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Truist Financial increased their target price on shares of Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Finally, UBS Group dropped their target price on shares of Ball from $66.00 to $64.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ball presently has an average rating of “Moderate Buy” and an average target price of $69.54.

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.