Rhumbline Advisers Reduces $2M in Ball Corporation ($BALL)
Rhumbline Advisers cut its Ball Corporation holdings by 4.7%, now holding 525,623 shares.
Key Points
- Rhumbline Advisers trimmed its Ball Corporation holdings by 25,850 shares, marking a 4.7% decrease to 525,623 shares valued at $32.3 million.
- Ball Corporation, trading at $61.37 on Friday, has a market cap of $16.3 billion and a P/E ratio of 17.9.
- Analysts maintain a positive outlook with a consensus 'buy' rating and a target mean price of $70.79.
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Rhumbline Advisers has reduced its holdings in Ball Corporation (NYSE: BALL) according to its latest filing with the SEC. The firm trimmed its position by 25,850 shares, a 4.7% decrease, leaving it with 525,623 shares valued at approximately $32.3 million as of the reporting period.
Rhumbline Advisers vs. the S&P 500
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What Changed in Rhumbline Advisers' Ball Corporation Position
Rhumbline Advisers cut its stake in Ball Corporation by 25,850 shares, a 4.7% reduction. Before the adjustment, the firm held 551,473 shares, now down to 525,623 shares, with the total value of the position at about $32.3 million.
Other Institutional Activity in Ball Corporation
In related institutional activity, BlackRock, Inc. reduced its holdings by 719,012 shares, now holding 22,866,150 shares worth about $1.35 billion. Price T Rowe Associates trimmed its position by 830,467 shares to 18,056,214 shares, valued at $1.07 billion. Vanguard Capital Management opened a new position with 17,375,507 shares valued at approximately $1.03 billion. Meanwhile, State Street Corp added 533,159 shares, bringing its total to 12,391,737 shares worth $732.5 million. JPMorgan Chase & Co increased its holdings significantly by 1,374,404 shares, now holding 7,256,377 shares valued at $421.1 million.
Ball Corporation Stock Down 2.7%
Shares of NYSE:BALL traded near $61.37 on Friday. Ball Corporation, known for its aluminum packaging products, has a market cap of $16.3 billion. The company's P/E ratio stands at 17.9, with a forward P/E of 13.6. The stock has experienced a 52-week low of $44.83 and a high of $68.29. Its 50-day moving average is $58.10, while the 200-day moving average is $55.56. The company maintains a current ratio of 1.12 and a quick ratio of 0.65, with a debt-to-equity ratio of 145.54.
$BALL stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Ball Corporation reported revenue of $13.67 billion, reflecting a growth rate of 16.3%. The company's net margin stands at 6.9%, with a return on equity of 16.8%. The next earnings report is anticipated on August 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
2 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 8.8%. Revenue beat estimates by 5.1%.
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Profit surprise
EBITDA met by 0 percent. Operating income missed by 8 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
2 target raises.
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Earnings quality
Gross margin up 3.2 points. Operating margin down 1.8 points. Positive free cash flow.
Earnings Call Summary
Ball delivered a strong first quarter with 3.6 billion dollars in revenue, beating consensus by 175 million dollars, and earnings per share of 94 cents, beating expectations by 9 cents. Global beverage can volumes grew about 1 percent, and the company achieved 10 percent operating earnings growth by executing on cost discipline and passing aluminum costs through to customers. Management highlighted that the aluminum can is winning share in all regions and stressed the importance of profit per can as a key metric going forward.
Guidance Ball expects to deliver 10 percent or higher comparable earnings per share growth for the full year 2026. The company guides for greater than 900 million dollars in free cash flow and plans to return 800 million dollars to shareholders through dividends and buybacks. In North America, volumes should grow at the low end of the 1 to 3 percent range. EMEA volumes are expected to grow above 3 to 5 percent due to the Benepack acquisition. South America should see 4 to 6 percent growth.
Solid report. Results were generally better than expected, but the forward outlook did not materially change.
Dividend
Ball Corporation offers an annual dividend rate of $0.80, yielding 1.3%. The dividend payout ratio is 23.3%.
Insider Buying and Selling at Ball Corporation
Recent insider activity at Ball Corporation includes transactions by Betty Sapp and Cathy Ross on June 15, 2026. Betty Sapp sold 1,145 shares and bought 229 shares, while Cathy Ross sold 102 shares and also bought 102 shares. Additionally, Cathy Ross sold 3,369 shares on April 30, 2026.
Analysts Set New Price Targets
On May 6, 2026, UBS maintained a 'hold' rating with a $64.00 price target, while Wells Fargo maintained a 'buy' rating with a $71.00 target. Earlier, on April 15, Truist Securities maintained a 'buy' rating with a $77.00 target. The consensus among analysts is a 'buy' rating, with a mean price target of $70.79 based on 14 opinions.
About Ball Corporation
Ball Corporation is a leading supplier of aluminum packaging products for the beverage, personal care, and household products industries globally. Headquartered in Westminster, Colorado, the company was founded in 1880 and is led by CEO Ronald J. Lewis. Ball Corporation employs around 16,000 people and operates in various countries, including the United States and Brazil.
Bottom Line
Rhumbline Advisers' recent trimming of its Ball Corporation stake is part of broader institutional activity around the company. Investors keep a close eye on such filings to gauge institutional sentiment. It's important to remember that 13F filings are backward-looking, reflecting positions as of the end of the reporting period.
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