Apollon Wealth Management LLC Increases Stock Position in Ball Corporation $BALL

Apollon Wealth Management LLC boosted its position in shares of Ball Corporation (NYSE:BALL) by 7.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,979 shares of the company’s stock after acquiring an additional 339 shares during the period. Apollon Wealth Management LLC’s holdings in Ball were worth $279,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BALL. JPMorgan Chase & Co. boosted its stake in shares of Ball by 44.2% during the 1st quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company’s stock worth $416,681,000 after acquiring an additional 2,453,630 shares in the last quarter. Invesco Ltd. raised its holdings in Ball by 5.1% in the 1st quarter. Invesco Ltd. now owns 4,370,274 shares of the company’s stock worth $227,560,000 after purchasing an additional 210,838 shares during the period. Dimensional Fund Advisors LP boosted its position in Ball by 10.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,370,532 shares of the company’s stock worth $175,480,000 after purchasing an additional 315,091 shares in the last quarter. Northern Trust Corp boosted its position in Ball by 0.7% during the first quarter. Northern Trust Corp now owns 3,046,342 shares of the company’s stock worth $158,623,000 after purchasing an additional 19,921 shares in the last quarter. Finally, Mirova US LLC grew its holdings in Ball by 4.9% in the second quarter. Mirova US LLC now owns 2,669,081 shares of the company’s stock valued at $149,709,000 after purchasing an additional 124,814 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Wall Street Analyst Weigh In

BALL has been the subject of several research analyst reports. Royal Bank Of Canada upped their target price on Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Raymond James Financial started coverage on shares of Ball in a research report on Wednesday. They set a “market perform” rating for the company. Truist Financial decreased their price objective on shares of Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Bank of America reiterated a “neutral” rating and issued a $66.00 target price (down previously from $67.00) on shares of Ball in a research report on Wednesday, July 9th. Finally, Mizuho cut their target price on shares of Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $62.36.

Ball Price Performance

NYSE:BALL opened at $48.39 on Friday. Ball Corporation has a one year low of $43.51 and a one year high of $67.84. The stock has a market cap of $13.17 billion, a PE ratio of 25.07, a P/E/G ratio of 1.11 and a beta of 1.09. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00. The stock has a 50 day moving average price of $50.58 and a 200 day moving average price of $52.66.

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The company had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.10 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%.The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Equities research analysts expect that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. Ball’s dividend payout ratio is currently 41.45%.

Insider Transactions at Ball

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of Ball stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $51.55, for a total transaction of $175,270.00. Following the transaction, the chairman directly owned 10,036 shares of the company’s stock, valued at $517,355.80. The trade was a 25.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.81% of the company’s stock.

Ball 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.