Resolute Capital Asset Partners LLC Buys Shares of 20,000 Ball Corporation $BALL

Key Points

• Resolute Capital Asset Partners LLC has acquired 20,000 shares of Ball Corporation, valuing their stake at approximately $1,041,000.
• Multiple institutional investors increased their holdings in Ball during the first quarter, with Russell Investments Group Ltd. notably growing its stake by 20.7%.
• Ball recently announced a quarterly dividend of $0.20 per share, reflecting an annualized yield of 1.5%, with the ex-dividend date set for September 2nd.

Resolute Capital Asset Partners LLC bought a new stake in Ball Corporation (NYSE:BALL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,000 shares of the company's stock, valued at approximately $1,041,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Ball by 12.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,718 shares of the company's stock valued at $2,044,000 after buying an additional 4,289 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in Ball by 5.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 122,483 shares of the company's stock valued at $6,378,000 after buying an additional 5,841 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Ball by 12.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 55,997 shares of the company's stock valued at $2,916,000 after buying an additional 6,106 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Ball by 20.7% during the 1st quarter. Russell Investments Group Ltd. now owns 601,522 shares of the company's stock worth $31,313,000 after purchasing an additional 103,022 shares in the last quarter. Finally, PFG Investments LLC acquired a new stake in shares of Ball during the 1st quarter worth approximately $307,000. Institutional investors and hedge funds own 86.51% of the company's stock.

Analysts Set New Price Targets

BALL has been the topic of several recent research reports. Loop Capital decreased their price objective on Ball from $83.00 to $78.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Royal Bank Of Canada lifted their price objective on Ball from $69.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. UBS Group lifted their price objective on Ball from $54.00 to $60.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Truist Financial lifted their price objective on Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, Bank of America restated a "neutral" rating and set a $66.00 target price (down previously from $67.00) on shares of Ball in a research report on Wednesday, July 9th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $65.27.

Ball Trading Up 1.9%

Shares of BALL opened at $53.7030 on Friday. The stock has a fifty day moving average price of $56.56 and a two-hundred day moving average price of $53.07. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00. Ball Corporation has a 52-week low of $43.51 and a 52-week high of $68.12. The company has a market cap of $14.62 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 1.20 and a beta of 1.08.

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

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.5%. Ball's payout ratio is presently 41.45%.

Ball 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.

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