Citigroup Inc. Has $11.79 Million Position in Ball Corporation $BALL

Key Points

• Citigroup Inc. increased its holdings in Ball Corporation by 84.5%, now owning approximately $11.79 million worth of the stock, after purchasing an additional 103,712 shares in the first quarter.
• Ball Corporation reported a quarterly EPS of $0.90, surpassing analysts' estimates of $0.87, with revenues of $3.34 billion, indicating a year-over-year increase of 12.8%.
• The company declared a quarterly dividend of $0.20 per share, reflecting a 1.5% yield, to be paid on September 16th to shareholders of record on September 2nd.

Citigroup Inc. grew its position in shares of Ball Corporation (NYSE:BALL - Free Report) by 84.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 226,450 shares of the company's stock after purchasing an additional 103,712 shares during the quarter. Citigroup Inc. owned about 0.08% of Ball worth $11,791,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Ball by 13.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 545,106 shares of the company's stock worth $28,384,000 after purchasing an additional 63,877 shares during the last quarter. CenterBook Partners LP raised its holdings in Ball by 24.1% during the 1st quarter. CenterBook Partners LP now owns 35,827 shares of the company's stock worth $1,866,000 after purchasing an additional 6,951 shares during the last quarter. Headlands Technologies LLC raised its holdings in Ball by 22.6% during the 1st quarter. Headlands Technologies LLC now owns 2,402 shares of the company's stock worth $125,000 after purchasing an additional 443 shares during the last quarter. Deutsche Bank AG raised its holdings in Ball by 35.5% during the 1st quarter. Deutsche Bank AG now owns 1,733,004 shares of the company's stock worth $90,238,000 after purchasing an additional 454,155 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Ball by 3.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,952,493 shares of the company's stock worth $101,666,000 after purchasing an additional 61,447 shares during the last quarter. Institutional investors own 86.51% of the company's stock.

Ball Trading Up 1.1%

Shares of BALL stock traded up $0.56 during trading hours on Tuesday, hitting $53.41. 934,145 shares of the company were exchanged, compared to its average volume of 2,621,700. The firm has a market cap of $14.54 billion, a P/E ratio of 27.68, a P/E/G ratio of 1.22 and a beta of 1.08. Ball Corporation has a fifty-two week low of $43.51 and a fifty-two week high of $68.12. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00. The company has a 50 day simple moving average of $56.69 and a two-hundred day simple moving average of $53.07.

Ball (NYSE:BALL - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. Ball had a net margin of 4.49% and a return on equity of 16.81%. The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the firm posted $0.74 EPS. Ball's revenue was up 12.8% compared to the same quarter last year. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Equities analysts anticipate that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.80 annualized dividend and a yield of 1.5%. Ball's dividend payout ratio (DPR) is presently 41.45%.

Analyst Ratings Changes

Several research analysts have issued reports on BALL shares. Barclays lowered their price target on shares of Ball from $61.00 to $57.00 and set an "equal weight" rating for the company in a report on Wednesday, May 14th. UBS Group raised their price objective on shares of Ball from $54.00 to $60.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Citigroup raised their price objective on shares of Ball from $55.00 to $63.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Bank of America reaffirmed a "neutral" rating and set a $66.00 price objective (down previously from $67.00) on shares of Ball in a research report on Wednesday, July 9th. Finally, Mizuho raised their price objective on shares of Ball from $60.00 to $68.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $65.27.

Ball Company Profile

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.