IPG Investment Advisors LLC Acquires Shares of 26,880 Ball Corporation $BALL

IPG Investment Advisors LLC acquired a new position in shares of Ball Corporation (NYSE:BALL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 26,880 shares of the company’s stock, valued at approximately $1,677,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of BALL. California State Teachers Retirement System grew its stake in shares of Ball by 9,817.1% in the second quarter. California State Teachers Retirement System now owns 29,655,974 shares of the company’s stock valued at $1,850,533,000 after acquiring an additional 29,356,935 shares in the last quarter. BlackRock Inc. acquired a new stake in Ball in the 2nd quarter worth about $1,310,991,000. Norges Bank acquired a new stake in Ball in the 4th quarter worth about $178,025,000. Deutsche Bank AG acquired a new stake in Ball in the 2nd quarter worth about $163,768,000. Finally, Bank of America Corp DE bought a new stake in Ball in the 2nd quarter valued at about $160,506,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group increased their target price on shares of Ball from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Citigroup downgraded shares of Ball from a “buy” rating to a “reduce” rating in a research report on Wednesday, August 5th. Mizuho set a $72.00 price target on Ball in a research note 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, Royal Bank Of Canada raised their price objective on Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $71.69.

Insider Transactions at Ball

In other Ball news, SVP Mandy Glew sold 5,626 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total transaction of $358,938.80. Following the completion of the transaction, the senior vice president directly owned 7,209 shares in the company, valued at $459,934.20. The trade was a 43.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.58% of the stock is owned by company insiders.

Ball Trading Down 1.2%

BALL opened at $60.26 on Thursday. The stock has a market capitalization of $15.95 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 1.17 and a beta of 0.95. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13. Ball Corporation has a twelve month low of $44.83 and a twelve month high of $68.29. The company has a 50-day simple moving average of $62.90 and a 200 day simple moving average of $60.91.

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 for the quarter, compared to analyst estimates 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 last year, the firm earned $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Analysts predict that Ball Corporation will post 4.01 EPS for the current fiscal year.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.20 dividend. 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 dividend payout ratio (DPR) is 22.66%.

About Ball

Ball Corporation (NYSE: BALL) is a global manufacturer of sustainable aluminum packaging products. The company primarily serves the beverage, personal care and household-product industries, producing aluminum beverage cans, bottles, aerosol containers and related packaging solutions. Its products are used by brand owners and manufacturers across a range of consumer markets.

Founded in 1880 as a manufacturer of glass containers, Ball gradually transitioned toward metal packaging and became best known for its aluminum beverage-can business.