Allianz Asset Management GmbH Sells 69,836 Shares of Ball Corporation $BALL

Key Points

• Allianz Asset Management cut its Ball stake by 33.2%, selling 69,836 shares and retaining 140,703 shares valued at approximately $8.78 million. Institutional investors collectively own 86.51% of the company.
• Ball exceeded quarterly expectations with adjusted EPS of $1.03 versus $0.99 expected and revenue of $4 billion, up 19.7% year over year. Analysts forecast a “Moderate Buy” consensus rating and an average price target of $71.69.
• Ball declared a quarterly dividend of $0.20 per share, equivalent to an annualized $0.80 and a 1.3% yield. Shares opened at $61, down 2.7%, while an executive also sold 5,626 shares.

Allianz Asset Management GmbH reduced its stake in shares of Ball Corporation (NYSE:BALL - Free Report) by 33.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 140,703 shares of the company's stock after selling 69,836 shares during the quarter. Allianz Asset Management GmbH owned 0.05% of Ball worth $8,780,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Triumph Capital Management acquired a new stake in shares of Ball during the 3rd quarter worth approximately $26,000. Basecamp Wealth Advisors LLC raised its position in Ball by 135.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company's stock valued at $28,000 after purchasing an additional 274 shares in the last quarter. Gilpin Wealth Management LLC bought a new stake in Ball during the fourth quarter worth $29,000. Ancora Advisors LLC bought a new stake in Ball during the second quarter worth $30,000. Finally, Trust Co. of Vermont acquired a new stake in shares of Ball in the 2nd quarter valued at $37,000. Institutional investors own 86.51% of the company's stock.

Ball Trading Down 2.7%

Shares of BALL stock opened at $61.00 on Wednesday. The firm has a market capitalization of $16.15 billion, a P/E ratio of 17.28, a P/E/G ratio of 1.21 and a beta of 0.95. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13. The stock's fifty day simple moving average is $62.93 and its 200 day simple moving average is $60.95.

Ball (NYSE:BALL - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%.The business's quarterly revenue was up 19.7% on a year-over-year basis. During the same period last 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 EPS for the current fiscal year.

Ball Announces Dividend

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

Insider Transactions at Ball

In related news, SVP Mandy Glew sold 5,626 shares of Ball 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BALL. Truist Financial set a $78.00 price target on Ball in a research note on Wednesday, August 5th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $65.00 price objective (up from $60.00) on shares of Ball in a research note on Wednesday, August 5th. Bank of America lifted their target price on Ball from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Weiss Ratings raised Ball from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, June 30th. Finally, UBS Group increased their target price on shares of 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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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