Sumitomo Mitsui Trust Group Inc. Cuts Holdings in Ball Corporation $BALL

Key Points

• Sumitomo Mitsui Trust Group cut its Ball stake by 14.2% in the second quarter, selling 89,185 shares and retaining 538,123 shares valued at approximately $33.6 million. Institutional investors collectively own 86.51% of Ball.
• Ball reported stronger-than-expected quarterly results, with earnings of $1.03 per share and revenue of $4 billion; revenue rose 19.7% year over year. Analysts expect about $4.02 in full-year EPS.
• Ball declared a quarterly dividend of $0.20 per share, equivalent to an annualized $0.80 dividend and a 1.3% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $71.69, although Citigroup downgraded the stock to “reduce.”

Sumitomo Mitsui Trust Group Inc. trimmed its position in Ball Corporation (NYSE:BALL - Free Report) by 14.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 538,123 shares of the company's stock after selling 89,185 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.20% of Ball worth $33,579,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BALL. Triumph Capital Management bought a new position in shares of Ball during the 3rd quarter worth approximately $26,000. Basecamp Wealth Advisors LLC grew its holdings in shares of Ball by 135.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company's stock valued at $28,000 after acquiring an additional 274 shares in the last quarter. Gilpin Wealth Management LLC bought a new position in shares of Ball in the fourth quarter valued at approximately $29,000. Harbour Investments Inc. increased its position in shares of Ball by 44.1% during the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company's stock valued at $38,000 after acquiring an additional 222 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Ball during the second quarter valued at approximately $46,000. Hedge funds and other institutional investors own 86.51% of the company's stock.

Ball Stock Down 0.4%

Ball stock opened at $61.91 on Friday. The firm has a 50 day moving average price of $61.17 and a 200-day moving average price of $60.98. 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 twelve month low of $44.83 and a twelve month high of $68.29. The company has a market capitalization of $16.39 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.19 and a beta of 0.98.

Ball (NYSE:BALL - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $3.69 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. Ball's revenue was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities analysts predict that Ball Corporation will post 4.02 EPS for the current year.

Ball Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently commented on BALL shares. Royal Bank Of Canada lifted their price target on Ball from $75.00 to $77.00 and gave the stock an "outperform" rating in a report on Thursday, July 9th. Bank of America upped their price objective on Ball from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Raymond James Financial set a $73.00 target price on Ball and gave the company an "outperform" rating in a research report on Tuesday, April 21st. Mizuho set a $72.00 target price on Ball in a research note on Wednesday, August 5th. Finally, Citigroup downgraded shares of Ball from a "buy" rating to a "reduce" rating in a report on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Ball presently has an average rating of "Moderate Buy" and a consensus price target of $71.69.

Ball Company 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.

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