Daiichi Life Insurance Co. Ltd. Buys Shares of 14,573 Ball Corporation $BALL

Daiichi Life Insurance Co. Ltd. purchased a new position in Ball Corporation (NYSE:BALL) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,573 shares of the company’s stock, valued at approximately $909,000.

Several other large investors also recently made changes to their positions in the stock. Triumph Capital Management acquired a new position in shares of Ball during the 3rd quarter valued at about $26,000. Basecamp Wealth Advisors LLC boosted its position in Ball by 135.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock worth $28,000 after purchasing an additional 274 shares during the period. Gilpin Wealth Management LLC bought a new stake in Ball during the fourth quarter worth approximately $29,000. Trust Co. of Vermont bought a new stake in Ball during the second quarter worth approximately $37,000. Finally, Harbour Investments Inc. lifted its stake in shares of Ball by 44.1% in the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after buying an additional 222 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

NYSE BALL opened at $64.43 on Tuesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.07 and a quick ratio of 0.66. The firm has a market capitalization of $17.05 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 1.22 and a beta of 0.98. The company’s fifty day moving average is $62.23 and its two-hundred day moving average is $61.23. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29.

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

Ball Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently commented on BALL shares. Wells Fargo & Company lifted their target price on shares of Ball from $71.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Royal Bank Of Canada upped their price target on shares of Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Truist Financial set a $78.00 price objective on Ball in a research note on Wednesday, August 5th. Mizuho set a $72.00 price target on Ball in a research report on Wednesday, August 5th. Finally, UBS Group upped their price target on Ball from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.69.

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.