OMERS ADMINISTRATION Corp Purchases Shares of 50,639 Ball Corporation $BALL

Key Points

• OMERS Administration Corp. acquired 50,639 shares of Ball Corporation worth approximately $3.16 million, while institutional investors collectively own 86.51% of the company.
• Ball reported quarterly EPS of $1.03, exceeding estimates of $0.99, while revenue rose 19.7% year over year to $4 billion. Analysts expect approximately $4.01 in full-year EPS.
• Ball declared a quarterly dividend of $0.20, or $0.80 annually, yielding about 1.2%. Wall Street maintains a “Moderate Buy” consensus with an average price target of $71.69, above the reported share price of $64.16.

OMERS ADMINISTRATION Corp acquired a new position in Ball Corporation (NYSE:BALL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 50,639 shares of the company's stock, valued at approximately $3,160,000.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Ball in the 2nd quarter valued at $1,310,991,000. Price T Rowe Associates Inc. MD grew its stake in shares of Ball by 5.6% in 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 buying an additional 999,690 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Ball by 3.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,225,631 shares of the company's stock worth $382,742,000 after buying an additional 266,238 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ball by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,999,409 shares of the company's stock worth $354,605,000 after buying an additional 340,677 shares during the last quarter. Finally, Boston Partners raised its position in shares of Ball by 24.2% during the 4th quarter. Boston Partners now owns 4,739,044 shares of the company's stock valued at $251,057,000 after buying an additional 922,747 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company's stock.

Ball Price Performance

BALL stock opened at $64.16 on Wednesday. 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 12 month low of $44.83 and a 12 month high of $68.29. The stock has a market cap of $16.98 billion, a PE ratio of 18.17, a P/E/G ratio of 1.24 and a beta of 0.98. The company has a 50-day moving average price of $62.35 and a 200 day moving average price of $61.23.

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

Ball Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BALL. Wells Fargo & Company increased their price target on shares of Ball from $71.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Bank of America raised their price objective on Ball from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Royal Bank Of Canada lifted their target price on Ball from $75.00 to $77.00 and gave the stock an "outperform" rating in a report on Thursday, July 9th. Mizuho set a $72.00 target price on Ball in a research report on Wednesday, August 5th. Finally, Weiss Ratings upgraded Ball from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, June 30th. 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. Based on data from MarketBeat, Ball currently has an average rating of "Moderate Buy" and an average price target 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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