Meiji Yasuda Asset Management Co Ltd. Purchases Shares of 8,548 Ball Corporation $BALL

Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Ball Corporation (NYSE:BALL) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 8,548 shares of the company’s stock, valued at approximately $533,000.

Several other large investors also recently made changes to their positions in BALL. Brighton Jones LLC raised its holdings in shares of Ball by 41.2% during the fourth quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock worth $289,000 after acquiring an additional 1,531 shares during the period. AQR Capital Management LLC boosted its stake in Ball by 402.8% in the 1st quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock worth $4,356,000 after purchasing an additional 67,289 shares during the period. Empowered Funds LLC boosted its stake in Ball by 10.6% in the 1st quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock worth $321,000 after purchasing an additional 590 shares during the period. Sivia Capital Partners LLC bought a new position in Ball during the 2nd quarter worth about $453,000. Finally, Jump Financial LLC bought a new position in Ball during the 2nd quarter worth about $696,000. Institutional investors own 86.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BALL shares. Wells Fargo & Company boosted their price target on Ball from $71.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. UBS Group increased their price objective on Ball from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $65.00 target price (up from $60.00) on shares of Ball in a research note on Wednesday, August 5th. Royal Bank Of Canada upped their price target on Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Finally, Citigroup cut shares of Ball from a “buy” rating to a “reduce” rating in a research note on Wednesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Ball presently has an average rating of “Moderate Buy” and a consensus price target of $71.69.

Ball Trading Down 0.4%

Shares of NYSE:BALL opened at $64.16 on Wednesday. The company’s 50-day moving average price is $62.35 and its two-hundred day moving average price is $61.23. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.07 and a quick ratio of 0.66. Ball Corporation has a one year low of $44.83 and a one year high of $68.29. The stock has a market capitalization of $16.98 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.24 and a beta of 0.98.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.04. The company had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%.Ball’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. On average, equities analysts forecast that Ball Corporation will post 4.01 EPS for the current fiscal year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 1.2%. Ball’s dividend payout ratio is 22.66%.

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.