Assenagon Asset Management S.A. Has $29.77 Million Stake in Ball Corporation $BALL

Key Points

• Assenagon Asset Management cut its Ball stake by 14.2% in the second quarter, selling 78,863 shares and retaining 477,060 shares valued at approximately $29.77 million. Institutional investors and hedge funds collectively own 86.51% of Ball.
• Ball reported quarterly EPS of $1.03, exceeding the $0.99 consensus estimate, while revenue rose 19.7% year over year to $4 billion. Analysts expect full-year EPS of approximately $4.02.
• Ball declared a quarterly dividend of $0.20, equivalent to an annualized $0.80 payout and a 1.3% yield. Wall Street maintains a “Moderate Buy” consensus with an average price target of $71.69, compared with the stock’s $63.47 opening price.

Assenagon Asset Management S.A. reduced its stake in Ball Corporation (NYSE:BALL - Free Report) by 14.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 477,060 shares of the company's stock after selling 78,863 shares during the quarter. Assenagon Asset Management S.A. owned 0.18% of Ball worth $29,769,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its position in Ball by 5.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company's stock worth $1,000,429,000 after acquiring an additional 999,690 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Ball by 3.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,225,631 shares of the company's stock worth $382,742,000 after purchasing an additional 266,238 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ball by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,999,409 shares of the company's stock worth $354,605,000 after purchasing an additional 340,677 shares in the last quarter. Boston Partners lifted its position in shares of Ball by 24.2% in the fourth quarter. Boston Partners now owns 4,739,044 shares of the company's stock worth $251,057,000 after purchasing an additional 922,747 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Ball by 14.9% during the third quarter. Invesco Ltd. now owns 4,651,348 shares of the company's stock worth $234,521,000 after purchasing an additional 602,137 shares during the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Ball Stock Up 0.0%

Ball stock opened at $63.47 on Monday. The firm has a market capitalization of $16.80 billion, a PE ratio of 17.98, a P/E/G ratio of 1.22 and a beta of 0.98. The company's 50-day moving average is $60.45 and its 200-day moving average is $60.81. Ball Corporation has a fifty-two week low of $44.83 and a fifty-two week high of $68.29. 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 earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $3.69 billion. During the same period last year, the business 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. Sell-side analysts anticipate that Ball Corporation will post 4.02 earnings per share for the current year.

Ball Announces Dividend

The firm also recently disclosed 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 yield of 1.3%. Ball's dividend payout ratio is currently 22.66%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Raymond James Financial set a $73.00 target price on shares of Ball and gave the company an "outperform" rating in a research report on Tuesday, April 21st. Royal Bank Of Canada increased their price objective on shares of Ball from $75.00 to $77.00 and gave the stock an "outperform" rating in a research note on Thursday, July 9th. Weiss Ratings upgraded shares of Ball from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, June 30th. Wells Fargo & Company raised their price objective on Ball from $71.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Finally, Citigroup downgraded Ball from a "buy" rating to a "reduce" rating in a research report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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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