Allianz Asset Management GmbH Sells 26,324 Shares of Ball Corporation $BALL

Allianz Asset Management GmbH cut its stake in shares of Ball Corporation (NYSE:BALL) by 24.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,861 shares of the company’s stock after selling 26,324 shares during the quarter. Allianz Asset Management GmbH’s holdings in Ball were worth $4,648,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Rosenberg Matthew Hamilton increased its holdings in shares of Ball by 145.0% during the second quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock valued at $29,000 after acquiring an additional 306 shares in the last quarter. Bayforest Capital Ltd bought a new position in shares of Ball during the second quarter valued at $140,000. NorthRock Partners LLC increased its holdings in shares of Ball by 45.3% during the second quarter. NorthRock Partners LLC now owns 5,941 shares of the company’s stock valued at $333,000 after acquiring an additional 1,852 shares in the last quarter. CWM LLC increased its holdings in shares of Ball by 115.4% during the second quarter. CWM LLC now owns 59,075 shares of the company’s stock valued at $3,314,000 after acquiring an additional 31,648 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its holdings in shares of Ball by 7.3% during the second quarter. Apollon Wealth Management LLC now owns 4,979 shares of the company’s stock valued at $279,000 after acquiring an additional 339 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BALL. Bank of America restated a “neutral” rating and set a $66.00 price target (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Wells Fargo & Company reduced their price target on Ball from $54.00 to $48.00 and set an “underweight” rating for the company in a report on Wednesday, October 15th. Royal Bank Of Canada increased their price objective on Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ball in a research report on Wednesday, October 8th. Finally, Citigroup dropped their price objective on Ball from $60.00 to $53.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $62.36.

Ball Trading Down 0.0%

Ball stock opened at $49.73 on Friday. The stock has a market capitalization of $13.54 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 1.14 and a beta of 1.09. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67. The business’s fifty day moving average is $50.21 and its 200 day moving average is $52.65. Ball Corporation has a one year low of $43.51 and a one year high of $65.44.

Ball (NYSE:BALL) last announced its earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03. The business had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%.The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the firm posted $0.74 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, sell-side analysts predict that Ball Corporation will post 3.48 EPS for the current year.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Ball’s dividend payout ratio (DPR) is presently 41.45%.

Insider Transactions at Ball

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

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.