Ieq Capital LLC Takes Position in Ball Corporation $BALL

Key Points

• Ieq Capital LLC purchased 182,372 shares of Ball Corporation in the second quarter, valued at approximately $11.38 million and representing about 0.07% of the company. Institutional investors collectively own 86.51% of Ball.
• Ball exceeded quarterly expectations, reporting $1.03 in EPS versus the $0.99 consensus estimate and $4 billion in revenue, up 19.7% year over year. Analysts project approximately $4.01 in EPS for the current fiscal year.
• Ball’s stock recently traded at $63.60, while analysts maintained a “Moderate Buy” consensus with an average price target of $71.69. The company also declared a quarterly dividend of $0.20 per share, yielding approximately 1.3% annually.

Ieq Capital LLC purchased a new stake in Ball Corporation (NYSE:BALL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 182,372 shares of the company's stock, valued at approximately $11,380,000. Ieq Capital LLC owned approximately 0.07% of Ball as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BALL. Teacher Retirement System of Texas boosted its position in shares of Ball by 58.7% in the fourth quarter. Teacher Retirement System of Texas now owns 262,973 shares of the company's stock worth $13,930,000 after buying an additional 97,264 shares during the period. Independent Advisor Alliance raised its position in Ball by 276.5% during the fourth quarter. Independent Advisor Alliance now owns 35,654 shares of the company's stock valued at $1,889,000 after buying an additional 26,184 shares during the period. Mizuho Markets Cayman LP acquired a new position in Ball during the fourth quarter valued at $26,485,000. International Assets Investment Management LLC acquired a new position in Ball during the fourth quarter valued at $4,349,000. Finally, Swiss Life Asset Management Ltd lifted its stake in Ball by 70.0% in the 4th 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. Institutional investors and hedge funds own 86.51% of the company's stock.

Ball Price Performance

BALL opened at $63.60 on Friday. The stock has a fifty day moving average price of $62.09 and a 200 day moving average price of $61.18. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29. The stock has a market cap of $16.83 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.22 and a beta of 0.98.

Ball (NYSE:BALL - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.04. Ball had a return on equity of 18.76% and a net margin of 6.61%.The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the prior year, the firm posted $0.90 EPS. The business's revenue was up 19.7% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Analysts forecast 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 given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Ball's dividend payout ratio (DPR) is presently 22.66%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BALL. Wells Fargo & Company raised their price objective on Ball from $71.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. Truist Financial set a $78.00 price target 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 report on Tuesday, July 14th. Citigroup downgraded shares of Ball from a "buy" rating to a "reduce" rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Ball from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, June 30th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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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