Munich Reinsurance Co Stock Corp in Munich Acquires Shares of 17,021 Ball Corporation $BALL

Munich Reinsurance Co Stock Corp in Munich bought a new position in shares of Ball Corporation (NYSE:BALL) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 17,021 shares of the company’s stock, valued at approximately $858,000.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in Ball by 2.6% during the second quarter. JPMorgan Chase & Co. now owns 8,210,060 shares of the company’s stock worth $460,502,000 after purchasing an additional 207,733 shares during the period. Dimensional Fund Advisors LP grew its stake in Ball by 13.5% during the third quarter. Dimensional Fund Advisors LP now owns 3,828,298 shares of the company’s stock worth $193,003,000 after buying an additional 455,089 shares in the last quarter. Norges Bank bought a new position in Ball in the 2nd quarter valued at about $192,463,000. Bank of New York Mellon Corp raised its position in shares of Ball by 1.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,141,399 shares of the company’s stock valued at $107,969,000 after buying an additional 29,586 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Ball by 55.1% in the 2nd quarter. Bank of America Corp DE now owns 2,055,094 shares of the company’s stock valued at $115,270,000 after buying an additional 730,462 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Price Performance

Shares of NYSE BALL opened at $62.50 on Friday. Ball Corporation has a twelve month low of $43.51 and a twelve month high of $68.29. The firm has a fifty day simple moving average of $60.43 and a 200 day simple moving average of $53.39. The company has a market capitalization of $16.63 billion, a PE ratio of 18.83, a P/E/G ratio of 1.24 and a beta of 1.10. The company has a quick ratio of 0.75, a current ratio of 1.11 and a debt-to-equity ratio of 1.29.

Ball (NYSE:BALL) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. Ball had a net margin of 6.93% and a return on equity of 18.12%. The business had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter in the prior year, the firm posted $0.84 earnings per share. The business’s quarterly revenue was up 16.2% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. On average, sell-side analysts forecast that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. Ball’s dividend payout ratio is presently 24.10%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BALL. Bank of America upgraded shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Monday, November 17th. Citigroup raised their target price on Ball from $67.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Jefferies Financial Group boosted their price target on Ball from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. upped their price objective on Ball from $50.00 to $60.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, Mizuho raised their price objective on Ball from $58.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $68.46.

Insider Activity at Ball

In other Ball news, SVP Fauze Villatoro bought 1,551 shares of the stock in a transaction on Wednesday, March 4th. The stock was acquired at an average cost of $64.51 per share, for a total transaction of $100,055.01. Following the completion of the acquisition, the senior vice president owned 13,778 shares in the company, valued at $888,818.78. This trade represents a 12.69% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Kathleen Pitre sold 10,660 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $66.63, for a total value of $710,275.80. Following the completion of the transaction, the senior vice president directly owned 36,772 shares in the company, valued at approximately $2,450,118.36. This trade represents a 22.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.81% of the company’s stock.

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.