Amundi Purchases 1,461,375 Shares of Ball Corporation $BALL

Amundi boosted its position in Ball Corporation (NYSE:BALL - Free Report) by 131.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,570,458 shares of the company's stock after purchasing an additional 1,461,375 shares during the period. Amundi owned about 0.97% of Ball worth $160,397,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of BALL. California State Teachers Retirement System boosted its position in shares of Ball by 9,817.1% in the second quarter. California State Teachers Retirement System now owns 29,655,974 shares of the company's stock valued at $1,850,533,000 after acquiring an additional 29,356,935 shares during the period. BlackRock Inc. bought a new stake in shares of Ball during the 2nd quarter valued at approximately $1,310,991,000. Norges Bank bought a new stake in Ball during the 4th quarter worth $178,025,000. Deutsche Bank AG bought a new position in Ball during the 2nd quarter worth $163,768,000. Finally, Bank of America Corp DE bought a new position in Ball during the second quarter worth $160,506,000. 86.51% of the stock is owned by institutional investors.

Ball Stock Down 2.7%

NYSE BALL opened at $61.00 on Wednesday. The business's 50-day moving average is $62.93 and its 200 day moving average is $60.95. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29. The stock has a market capitalization of $16.15 billion, a PE ratio of 17.28, a PEG ratio of 1.21 and a beta of 0.95. 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 released its quarterly earnings results 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. Ball had a net margin of 6.61% and a return on equity of 18.76%. The business 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 business posted $0.90 earnings per share. The firm's revenue for the quarter was up 19.7% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts forecast that Ball Corporation will post 4.01 earnings per share for the current year.

Ball Announces Dividend

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

Insider Activity

In other news, SVP Mandy Glew sold 5,626 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total value of $358,938.80. Following the sale, the senior vice president directly owned 7,209 shares of the company's stock, valued at $459,934.20. The trade was a 43.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.58% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on BALL. Royal Bank Of Canada raised their price objective on shares of Ball from $75.00 to $77.00 and gave the stock an "outperform" rating in a research report on Thursday, July 9th. 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 report on Wednesday, August 5th. Bank of America raised their price target on shares of Ball from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Mizuho set a $72.00 target price on shares of Ball in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company upped their price target on Ball from $71.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $71.69.

Ball 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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