Y Intercept Hong Kong Ltd Trims Stock Position in Ball Corporation $BALL

Y Intercept Hong Kong Ltd trimmed its holdings in shares of Ball Corporation (NYSE:BALL) by 56.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,243 shares of the company’s stock after selling 74,329 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Ball were worth $3,384,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BALL. Teacher Retirement System of Texas boosted its stake in shares of Ball by 58.7% during the 4th quarter. Teacher Retirement System of Texas now owns 262,973 shares of the company’s stock worth $13,930,000 after purchasing an additional 97,264 shares during the last quarter. Independent Advisor Alliance boosted its stake in Ball by 276.5% in the 4th quarter. Independent Advisor Alliance now owns 35,654 shares of the company’s stock worth $1,889,000 after buying an additional 26,184 shares during the last quarter. Mizuho Markets Cayman LP acquired a new position in shares of Ball during the 4th quarter valued at about $26,485,000. AIA Group Ltd acquired a new stake in shares of Ball in the third quarter worth approximately $618,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Ball by 6.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,521 shares of the company’s stock worth $35,676,000 after purchasing an additional 40,593 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Up 0.4%

Shares of NYSE BALL traded up $0.24 during mid-day trading on Tuesday, reaching $63.19. The company had a trading volume of 347,230 shares, compared to its average volume of 2,582,172. The company has a market capitalization of $16.82 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 1.24 and a beta of 0.98. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.12. The stock has a fifty day moving average of $57.83 and a two-hundred day moving average of $59.16.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, May 5th. The company reported $0.94 EPS for the quarter, beating the consensus estimate 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%. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities research analysts expect that Ball Corporation will post 3.99 EPS for the current year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, June 1st. Ball’s dividend payout ratio is currently 23.12%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BALL shares. Citigroup reduced their target price on Ball from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Weiss Ratings upgraded shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Raymond James Financial set a $73.00 target price on shares of Ball and gave the company an “outperform” rating in a report on Tuesday, April 21st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ball in a research report on Friday, April 17th. Finally, JPMorgan Chase & Co. raised Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price objective on the stock in a research report on Monday, May 18th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Ball presently has an average 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.