Maridea Wealth Management LLC Buys New Position in Ball Corporation $BALL

Key Points

• Maridea Wealth Management initiated a position in Ball Corporation during the second quarter, purchasing 28,742 shares valued at approximately $1.8 million. Institutional investors and hedge funds collectively own 86.51% of Ball’s outstanding stock.
• Ball reported quarterly EPS of $1.03, exceeding estimates of $0.99, while revenue rose 19.7% year over year to $4 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $71.69.
• Ball declared a quarterly dividend of $0.20 per share, equivalent to an annualized dividend of $0.80 and a 1.3% yield.

Maridea Wealth Management LLC bought a new stake in Ball Corporation (NYSE:BALL - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 28,742 shares of the company's stock, valued at approximately $1,793,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of BALL. Brighton Jones LLC boosted its stake in shares of Ball by 41.2% in the fourth quarter. Brighton Jones LLC now owns 5,245 shares of the company's stock valued at $289,000 after purchasing an additional 1,531 shares during the period. AQR Capital Management LLC lifted its holdings in Ball by 402.8% during the 1st quarter. AQR Capital Management LLC now owns 83,995 shares of the company's stock worth $4,356,000 after buying an additional 67,289 shares in the last quarter. Empowered Funds LLC boosted its position in Ball by 10.6% in the 1st quarter. Empowered Funds LLC now owns 6,167 shares of the company's stock valued at $321,000 after buying an additional 590 shares during the period. Sivia Capital Partners LLC purchased a new position in Ball in the 2nd quarter valued at approximately $453,000. Finally, Jump Financial LLC acquired a new position in shares of Ball in the second quarter worth $696,000. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on BALL. Raymond James Financial set a $73.00 price objective on Ball and gave the stock an "outperform" rating in a research report on Tuesday, April 21st. Bank of America boosted their target price on Ball from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. restated a "neutral" rating and set a $65.00 price target (up from $60.00) on shares of Ball in a report on Wednesday, August 5th. Weiss Ratings raised Ball from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, June 30th. Finally, Citigroup lowered Ball from a "buy" rating to a "reduce" 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $71.69.

Ball Trading Down 0.1%

Shares of NYSE:BALL opened at $61.85 on Friday. Ball Corporation has a 52 week low of $44.83 and a 52 week high of $68.29. The company's 50 day moving average is $61.35 and its two-hundred day moving average is $60.99. The company has a market cap of $16.37 billion, a PE ratio of 17.52, a P/E/G ratio of 1.19 and a beta of 0.98. 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 (NYSE:BALL - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. The business had revenue of $4 billion during the quarter, compared to analysts' expectations of $3.69 billion. Ball had a net margin of 6.61% and a return on equity of 18.76%. The company's revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Equities analysts predict that Ball Corporation will post 4.02 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.3%. Ball's dividend payout ratio (DPR) is currently 22.66%.

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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