Ieq Capital LLC Acquires New Shares in Ball Corporation $BALL

Ieq Capital LLC bought a new position in shares of Ball Corporation (NYSE:BALL) during the 2nd quarter, Holdings Channel.com reports. The firm bought 182,372 shares of the company’s stock, valued at approximately $11,380,000.

Several other hedge funds have also recently bought and sold shares of BALL. Meridian Wealth Management LLC lifted its position in shares of Ball by 2.7% in the fourth quarter. Meridian Wealth Management LLC now owns 6,295 shares of the company’s stock worth $333,000 after buying an additional 165 shares during the last quarter. Leonteq Securities AG boosted its stake in shares of Ball by 3.6% during the 2nd quarter. Leonteq Securities AG now owns 5,415 shares of the company’s stock worth $338,000 after acquiring an additional 188 shares in the last quarter. Western Wealth Management LLC increased its holdings in shares of Ball by 3.2% during the 4th quarter. Western Wealth Management LLC now owns 6,752 shares of the company’s stock valued at $358,000 after acquiring an additional 208 shares during the last quarter. Parvin Asset Management LLC increased its holdings in shares of Ball by 19.5% during the 1st quarter. Parvin Asset Management LLC now owns 1,315 shares of the company’s stock valued at $78,000 after acquiring an additional 215 shares during the last quarter. Finally, Evelyn Partners Investment Management LLP increased its holdings in shares of Ball by 11.3% during the 1st quarter. Evelyn Partners Investment Management LLP now owns 2,144 shares of the company’s stock valued at $127,000 after acquiring an additional 218 shares during the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BALL has been the subject of several analyst reports. Royal Bank Of Canada boosted 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. Bank of America lifted their price target on shares of Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $65.00 price objective (up from $60.00) on shares of Ball in a research note on Wednesday, August 5th. UBS Group upped their price objective on shares of Ball from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Finally, Wells Fargo & Company raised their target price on shares of Ball from $71.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.69.

Ball Price Performance

NYSE BALL opened at $63.60 on Friday. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.66 and a current ratio of 1.07. The stock has a market capitalization of $16.83 billion, a PE ratio of 18.02, a P/E/G ratio of 1.22 and a beta of 0.98. The stock has a 50-day simple moving average of $62.09 and a 200 day simple moving average of $61.18.

Ball (NYSE:BALL) last released its earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. The firm 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 business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Research analysts anticipate that Ball Corporation will post 4.01 EPS for the current year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Ball’s payout ratio is presently 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.