Ball Corporation $BALL Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System lifted its stake in shares of Ball Corporation (NYSE:BALL - Free Report) by 58.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 475,256 shares of the company's stock after purchasing an additional 176,217 shares during the quarter. California State Teachers Retirement System owned about 0.18% of Ball worth $29,655,974 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Saudi Central Bank lifted its stake in shares of Ball by 88.3% in the 2nd quarter. Saudi Central Bank now owns 17,699 shares of the company's stock valued at $1,104,000 after acquiring an additional 8,302 shares during the last quarter. Markowski Investments purchased a new position in shares of Ball during the second quarter valued at approximately $70,000. Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of Ball during the second quarter worth $1,171,000. Syon Capital LLC increased its holdings in shares of Ball by 13.6% in the second quarter. Syon Capital LLC now owns 14,754 shares of the company's stock valued at $921,000 after purchasing an additional 1,761 shares during the last quarter. Finally, Nykredit A S purchased a new position in Ball in the second quarter valued at $4,792,000. Institutional investors own 86.51% of the company's stock.

Insider Buying and Selling at Ball

In other news, SVP Mandy Glew sold 5,626 shares of the company's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total transaction of $358,938.80. Following the transaction, the senior vice president owned 7,209 shares of the company's stock, valued at $459,934.20. This represents a 43.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.58% of the stock is owned by corporate insiders.

Ball Trading Up 0.4%

Shares of BALL traded up $0.22 on Tuesday, hitting $60.93. 907,144 shares of the stock traded hands, compared to its average volume of 2,371,902. The firm has a market capitalization of $16.13 billion, a P/E ratio of 17.25, a P/E/G ratio of 1.15 and a beta of 0.95. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29. The stock's 50 day moving average is $62.72 and its two-hundred day moving average is $60.77.

Ball (NYSE:BALL - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.04. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%.Ball's revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, sell-side analysts predict that Ball Corporation will post 4.01 earnings per share for the current year.

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Ball's dividend payout ratio is currently 22.66%.

Analyst Ratings Changes

A number of brokerages recently commented on BALL. Wells Fargo & Company upped their price objective on Ball from $71.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Citigroup downgraded shares of Ball from a "buy" rating to a "reduce" 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 research note on Wednesday, August 5th. Bank of America increased their price target on shares of Ball from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Finally, Mizuho set a $72.00 target price on shares of Ball in a research report on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ball presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.69.

About Ball

Ball Corporation NYSE: BALL is a global manufacturer of sustainable aluminum packaging products. The company primarily serves the beverage, personal care and household-product industries, producing aluminum beverage cans, bottles, aerosol containers and related packaging solutions. Its products are used by brand owners and manufacturers across a range of consumer markets.

Founded in 1880 as a manufacturer of glass containers, Ball gradually transitioned toward metal packaging and became best known for its aluminum beverage-can business.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.