Epoch Investment Partners Inc. Cuts Stake in Ball Corporation $BALL

Epoch Investment Partners Inc. lowered its holdings in shares of Ball Corporation (NYSE:BALL) by 41.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 22,851 shares of the company’s stock after selling 16,092 shares during the period. Epoch Investment Partners Inc.’s holdings in Ball were worth $1,210,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GoalVest Advisory LLC purchased a new stake in shares of Ball during the fourth quarter worth about $25,000. Board of the Pension Protection Fund purchased a new stake in shares of Ball during the fourth quarter worth about $26,000. Triumph Capital Management purchased a new stake in shares of Ball during the third quarter worth about $26,000. Gilpin Wealth Management LLC purchased a new stake in shares of Ball during the fourth quarter worth about $29,000. Finally, Harbour Investments Inc. boosted its position in shares of Ball by 44.1% during the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after acquiring an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Price Performance

Ball stock opened at $57.27 on Tuesday. The company has a market cap of $15.25 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 1.11 and a beta of 1.01. The firm’s fifty day moving average is $58.36 and its 200 day moving average is $58.03. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 1.25. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.34 billion. Ball had a net margin of 6.86% and a return on equity of 18.69%. Ball’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts forecast that Ball Corporation will post 3.99 EPS for the current fiscal year.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. Ball’s dividend payout ratio is currently 23.12%.

Wall Street Analysts Forecast Growth

BALL has been the subject of a number of research reports. Weiss Ratings lowered shares of Ball from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. upgraded shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 target price for the company in a research report on Monday, May 18th. UBS Group dropped their target price on shares of Ball from $66.00 to $64.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Raymond James Financial set a $73.00 target price on shares of Ball and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ball in a research report on Wednesday, April 1st. They set a “buy” rating and a $72.00 target price for the company. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.54.

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.