Ball Corporation $BALL Shares Sold by Algert Global LLC

Key Points

• Algert Global cut its Ball Corporation holdings by 64.2% in the second quarter, selling 180,395 shares and retaining 100,599 shares worth approximately $6.3 million. Institutional investors collectively own 86.51% of the company.
• Analyst sentiment remains broadly positive, with eight Buy ratings, four Holds and one Sell. Ball has a “Moderate Buy” consensus rating and an average price target of $71.69, despite Citigroup downgrading the stock to Reduce.
• Ball reported quarterly EPS of $1.03, exceeding estimates by $0.04, while revenue rose 19.7% year over year to $4 billion. The company also announced a quarterly dividend of $0.20 per share, equivalent to a 1.2% annual yield.

Algert Global LLC decreased its holdings in Ball Corporation (NYSE:BALL - Free Report) by 64.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 100,599 shares of the company's stock after selling 180,395 shares during the quarter. Algert Global LLC's holdings in Ball were worth $6,277,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BALL. Independent Advisor Alliance increased its stake in shares of Ball by 276.5% in the 4th quarter. Independent Advisor Alliance now owns 35,654 shares of the company's stock valued at $1,889,000 after acquiring an additional 26,184 shares in the last quarter. Mizuho Markets Cayman LP bought a new stake in Ball in the fourth quarter valued at $26,485,000. International Assets Investment Management LLC bought a new position in shares of Ball during the 4th quarter worth about $4,349,000. Swiss Life Asset Management Ltd boosted its holdings in Ball by 70.0% in the fourth quarter. Swiss Life Asset Management Ltd now owns 86,787 shares of the company's stock worth $4,597,000 after acquiring an additional 35,749 shares in the last quarter. Finally, New York Life Investment Management LLC raised its position in shares of Ball by 63.0% during the fourth quarter. New York Life Investment Management LLC now owns 60,190 shares of the company's stock worth $3,188,000 after purchasing an additional 23,257 shares during the period. Institutional investors and hedge funds own 86.51% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on BALL. Truist Financial set a $78.00 price objective on Ball in a research note on Wednesday, August 5th. UBS Group increased their price target on Ball from $65.00 to $66.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Wells Fargo & Company lifted their target price on Ball from $71.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Citigroup downgraded shares of Ball from a "buy" rating to a "reduce" rating in a report on Wednesday, August 5th. Finally, Bank of America raised their price objective on shares of Ball from $70.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $71.69.

Ball Stock Performance

NYSE:BALL opened at $64.06 on Thursday. 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 quick ratio of 0.66 and a current ratio of 1.07. The business has a 50 day moving average price of $62.48 and a 200-day moving average price of $61.21. The firm has a market cap of $16.96 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 1.23 and a beta of 0.98.

Ball (NYSE:BALL - Get Free Report) last posted 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 business had revenue of $4 billion for the quarter, compared to analysts' expectations of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%.The business's revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Equities research analysts predict that Ball Corporation will post 4.01 earnings per share for the current year.

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. Ball's payout ratio is presently 22.66%.

Insider Transactions at Ball

In other Ball news, SVP Mandy Glew sold 5,626 shares of the company'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 value of $358,938.80. Following the completion of the transaction, the senior vice president directly owned 7,209 shares in the company, valued at $459,934.20. This represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.58% of the company's stock.

About Ball

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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