Epoch Investment Partners Inc. Invests $5.02 Million in Ball Corporation $BALL

Epoch Investment Partners Inc. bought a new stake in Ball Corporation (NYSE:BALL) in the 2nd quarter, Holdings Channel reports. The firm bought 89,423 shares of the company’s stock, valued at approximately $5,016,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew 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 valued at $289,000 after acquiring an additional 1,531 shares during the period. Federated Hermes Inc. lifted its stake in Ball by 40.4% in the 1st quarter. Federated Hermes Inc. now owns 1,311 shares of the company’s stock valued at $68,000 after purchasing an additional 377 shares during the last quarter. US Bancorp DE grew its holdings in Ball by 5.6% during the first quarter. US Bancorp DE now owns 15,372 shares of the company’s stock worth $800,000 after purchasing an additional 820 shares during the period. Jefferies Financial Group Inc. increased its position in Ball by 34.1% during the first quarter. Jefferies Financial Group Inc. now owns 5,987 shares of the company’s stock worth $312,000 after buying an additional 1,521 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in Ball in the first quarter valued at approximately $32,000. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on BALL. JPMorgan Chase & Co. decreased their target price on Ball from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Raymond James Financial assumed coverage on shares of Ball in a research report on Wednesday, October 15th. They set a “market perform” rating for the company. Citigroup dropped their price objective on shares of Ball from $60.00 to $53.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Truist Financial reduced their target price on shares of Ball from $69.00 to $65.00 and set a “buy” rating for the company in a report on Monday, October 13th. Finally, Bank of America upgraded shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Monday, November 17th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $60.92.

Ball Stock Up 0.4%

BALL stock opened at $49.06 on Friday. Ball Corporation has a fifty-two week low of $43.51 and a fifty-two week high of $60.28. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.11 and a quick ratio of 0.72. The stock has a market capitalization of $13.15 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.04 and a beta of 1.13. The business’s fifty day moving average price is $48.55 and its two-hundred day moving average price is $52.33.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, November 4th. The company reported $1.02 EPS for the quarter, meeting the consensus estimate of $1.02. Ball had a net margin of 5.36% and a return on equity of 17.89%. The business had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the prior year, the company posted $0.91 earnings per share. Ball’s revenue was up 9.6% compared to the same quarter last year. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, equities analysts anticipate that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, December 1st. Ball’s payout ratio is presently 32.52%.

Ball Company Profile

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.