Apollon Wealth Management LLC Acquires 339 Shares of Ball Corporation $BALL

Apollon Wealth Management LLC grew its holdings in Ball Corporation (NYSE:BALL) by 7.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,979 shares of the company’s stock after purchasing an additional 339 shares during the quarter. Apollon Wealth Management LLC’s holdings in Ball were worth $279,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hemington Wealth Management raised its stake in Ball by 786.1% in the second quarter. Hemington Wealth Management now owns 1,790 shares of the company’s stock worth $100,000 after buying an additional 1,588 shares in the last quarter. Lester Murray Antman dba SimplyRich bought a new position in shares of Ball in the 2nd quarter worth $266,000. Aberdeen Group plc raised its position in shares of Ball by 5.4% in the 2nd quarter. Aberdeen Group plc now owns 410,701 shares of the company’s stock worth $22,983,000 after acquiring an additional 21,207 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Ball by 103.2% during the 2nd quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock worth $68,000 after purchasing an additional 580 shares during the last quarter. Finally, Callan Family Office LLC bought a new stake in Ball during the second quarter valued at about $421,000. 86.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Ball in a report on Wednesday, October 8th. Royal Bank Of Canada lifted their price objective on shares of Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Mizuho reduced their price objective 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. Citigroup lowered their target price on shares of Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Finally, Truist Financial cut their price target 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. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.36.

Insider Buying and Selling

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

Ball Trading Up 0.7%

Shares of Ball stock opened at $48.39 on Friday. The firm’s 50 day simple moving average is $50.58 and its two-hundred day simple moving average is $52.66. The firm has a market capitalization of $13.17 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 1.11 and a beta of 1.09. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $67.84. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23.

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

Ball Dividend Announcement

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

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.