26,880 Shares in Ball Corporation $BALL Purchased by IPG Investment Advisors LLC

Key Points

• IPG Investment Advisors purchased 26,880 shares of Ball Corporation valued at approximately $1.68 million, adding to broader institutional interest; institutions now own 86.51% of the stock.
• Ball reported quarterly earnings of $1.03 per share, exceeding estimates of $0.99, while revenue rose 19.7% year over year to $4 billion.
• The company 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.

IPG Investment Advisors LLC purchased a new stake in shares of Ball Corporation (NYSE:BALL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,880 shares of the company's stock, valued at approximately $1,677,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in shares of Ball by 41.2% in the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company's stock valued at $289,000 after buying an additional 1,531 shares during the last quarter. AQR Capital Management LLC increased its holdings in Ball by 402.8% during the first quarter. AQR Capital Management LLC now owns 83,995 shares of the company's stock worth $4,356,000 after buying an additional 67,289 shares during the last quarter. Empowered Funds LLC raised its position in Ball by 10.6% during the first quarter. Empowered Funds LLC now owns 6,167 shares of the company's stock worth $321,000 after acquiring an additional 590 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Ball during the second quarter worth $453,000. Finally, Jump Financial LLC bought a new stake in Ball during the second quarter worth $696,000. 86.51% of the stock is currently owned by institutional investors.

Insider Transactions at Ball

In other Ball news, SVP Mandy Glew sold 5,626 shares of the firm's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total transaction of $358,938.80. Following the completion of the sale, the senior vice president directly owned 7,209 shares in the company, valued at $459,934.20. This trade represents a 43.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.58% of the stock is owned by company insiders.

Ball Trading Down 1.2%

BALL stock opened at $60.26 on Thursday. Ball Corporation has a one year low of $44.83 and a one year high of $68.29. The stock has a market cap of $15.95 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 1.17 and a beta of 0.95. The company has a fifty day moving average price of $62.90 and a two-hundred day moving average price of $60.91. 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 (NYSE:BALL - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $3.69 billion. Ball had a net margin of 6.61% and a return on equity of 18.76%. The company's revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.90 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. Equities analysts anticipate that Ball Corporation will post 4.01 EPS for the current year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a 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 research analysts have recently commented on BALL shares. Mizuho set a $72.00 price objective on shares of Ball in a research report on Wednesday, August 5th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $65.00 target price (up from $60.00) on shares of Ball in a report on Wednesday, August 5th. Bank of America raised their target price on shares of Ball from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Weiss Ratings upgraded Ball from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, June 30th. Finally, Royal Bank Of Canada boosted 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. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $71.69.

Ball Profile

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.

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