Swiss Life Asset Management Ltd Decreases Position in Ball Corporation $BALL

Key Points

• Swiss Life Asset Management cut its Ball Corporation position by 45.3% in the second quarter, selling 62,675 shares and retaining 75,557 shares valued at approximately $4.7 million. Institutional investors collectively own 86.51% of Ball’s stock.
• Analysts maintain a generally positive outlook, with Ball receiving a consensus “Moderate Buy” rating and an average price target of $71.69. Recent targets range from $65 to $77.
• Ball exceeded quarterly expectations, reporting $1.03 in adjusted EPS and $4.0 billion in revenue, up 19.7% year over year. The company also declared a quarterly dividend of $0.20 per share, equivalent to a 1.3% annual yield.

Swiss Life Asset Management Ltd decreased its position in Ball Corporation (NYSE:BALL - Free Report) by 45.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 75,557 shares of the company's stock after selling 62,675 shares during the period. Swiss Life Asset Management Ltd's holdings in Ball were worth $4,715,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Ball by 41.2% in the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company's stock worth $289,000 after buying an additional 1,531 shares in the last quarter. AQR Capital Management LLC grew its stake in Ball by 402.8% in the 1st quarter. AQR Capital Management LLC now owns 83,995 shares of the company's stock valued at $4,356,000 after acquiring an additional 67,289 shares during the last quarter. Empowered Funds LLC increased its holdings in Ball by 10.6% during the 1st quarter. Empowered Funds LLC now owns 6,167 shares of the company's stock valued at $321,000 after acquiring an additional 590 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Ball during the 2nd quarter valued at about $453,000. Finally, Jump Financial LLC acquired a new position in Ball during the second quarter worth about $696,000. Institutional investors and hedge funds own 86.51% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on BALL. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $65.00 price target (up from $60.00) on shares of Ball in a report on Wednesday, August 5th. Mizuho set a $72.00 price objective on shares of Ball in a research note on Wednesday, August 5th. Royal Bank Of Canada lifted their price objective on Ball from $75.00 to $77.00 and gave the stock an "outperform" rating in a research report on Thursday, July 9th. Raymond James Financial set a $73.00 target price on Ball and gave the company an "outperform" rating in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company increased their target price on Ball from $71.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Eight 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. Based on data from MarketBeat, Ball presently has a consensus rating of "Moderate Buy" and an average target price of $71.69.

Ball Stock Down 0.4%

BALL opened at $61.91 on Friday. Ball Corporation has a 12 month low of $44.83 and a 12 month high of $68.29. The business has a 50-day moving average of $61.17 and a two-hundred day moving average of $60.98. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.07 and a quick ratio of 0.66. The stock has a market capitalization of $16.39 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 1.19 and a beta of 0.98.

Ball (NYSE:BALL - Get Free Report) last released its earnings results 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. Ball had a net margin of 6.61% and a return on equity of 18.76%. The business had revenue of $4 billion for the quarter, compared to analysts' expectations of $3.69 billion. During the same period last year, the company earned $0.90 earnings per share. The company's quarterly revenue was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. On average, research analysts expect that Ball Corporation will post 4.02 earnings per share for the current year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 1st. Ball's dividend payout ratio (DPR) is 22.66%.

About Ball

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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