Ball Co. (NYSE:BALL) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its stake in Ball Co. (NYSE:BALL) by 29.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,011 shares of the company’s stock after buying an additional 228 shares during the quarter. Farther Finance Advisors LLC’s holdings in Ball were worth $69,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Friedenthal Financial purchased a new position in Ball during the 2nd quarter worth approximately $47,000. Quarry LP raised its stake in Ball by 598.6% in the 2nd quarter. Quarry LP now owns 999 shares of the company’s stock valued at $60,000 after purchasing an additional 856 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Ball by 334.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $68,000 after acquiring an additional 815 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Ball in the 2nd quarter valued at $72,000. Finally, Deseret Mutual Benefit Administrators boosted its position in shares of Ball by 17.0% in the second quarter. Deseret Mutual Benefit Administrators now owns 1,280 shares of the company’s stock worth $77,000 after acquiring an additional 186 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Ball Trading Up 0.5 %

NYSE:BALL opened at $60.64 on Wednesday. Ball Co. has a twelve month low of $48.35 and a twelve month high of $71.32. The company has a market cap of $18.10 billion, a P/E ratio of 4.55, a price-to-earnings-growth ratio of 1.51 and a beta of 0.90. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79. The business has a 50 day moving average price of $64.74 and a two-hundred day moving average price of $64.81.

Ball (NYSE:BALL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Ball had a net margin of 34.05% and a return on equity of 17.46%. The firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the firm earned $0.83 EPS. The business’s revenue was down .9% on a year-over-year basis. As a group, analysts expect that Ball Co. will post 3.15 EPS for the current fiscal year.

Ball Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.32%. Ball’s dividend payout ratio is currently 6.03%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Mizuho dropped their price objective on shares of Ball from $69.00 to $67.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Wells Fargo & Company lowered their price objective on Ball from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. UBS Group increased their price objective on shares of Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a research note on Tuesday, August 6th. Citigroup boosted their target price on shares of Ball from $66.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $75.00 price target on shares of Ball in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.75.

About Ball

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.