Mitsubishi UFJ Asset Management Co. Ltd. Acquires 14,393 Shares of Ball Corporation $BALL

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Ball Corporation (NYSE:BALL) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 556,289 shares of the company’s stock after buying an additional 14,393 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.21% of Ball worth $28,048,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MUFG Securities EMEA plc bought a new position in shares of Ball in the 2nd quarter valued at about $46,000. SJS Investment Consulting Inc. grew its stake in Ball by 4,236.8% in the third quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock valued at $42,000 after purchasing an additional 805 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in Ball in the second quarter valued at approximately $47,000. Hantz Financial Services Inc. increased its position in shares of Ball by 395.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,210 shares of the company’s stock worth $61,000 after purchasing an additional 966 shares during the last quarter. Finally, Intact Investment Management Inc. bought a new stake in shares of Ball during the 2nd quarter worth approximately $79,000. 86.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Bank of America raised shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Monday, November 17th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ball in a research note on Wednesday, February 4th. Jefferies Financial Group lifted their price objective on shares of Ball from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. JPMorgan Chase & Co. upped their target price on shares of Ball from $50.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Finally, Wells Fargo & Company raised their target price on shares of Ball from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $68.46.

Ball Price Performance

NYSE:BALL opened at $67.07 on Monday. The company has a market cap of $17.84 billion, a P/E ratio of 20.20, a P/E/G ratio of 1.34 and a beta of 1.10. The firm’s fifty day moving average price is $59.23 and its two-hundred day moving average price is $53.00. Ball Corporation has a one year low of $43.51 and a one year high of $68.29. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.11 and a quick ratio of 0.75.

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

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders 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 yield of 1.2%. Ball’s dividend payout ratio (DPR) is 24.10%.

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.