Farther Finance Advisors LLC Has $69,000 Holdings in Ball Co. (NYSE:BALL)

Farther Finance Advisors LLC grew its holdings in shares of Ball Co. (NYSE:BALL) by 29.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,011 shares of the company’s stock after purchasing an additional 228 shares during the quarter. Farther Finance Advisors LLC’s holdings in Ball were worth $69,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. lifted its position in Ball by 8.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,802 shares of the company’s stock valued at $1,064,000 after purchasing an additional 1,246 shares during the last quarter. Empowered Funds LLC lifted its position in Ball by 26.9% during the first quarter. Empowered Funds LLC now owns 5,051 shares of the company’s stock valued at $340,000 after purchasing an additional 1,071 shares in the last quarter. US Bancorp DE boosted its holdings in Ball by 1.7% in the 1st quarter. US Bancorp DE now owns 16,810 shares of the company’s stock worth $1,133,000 after buying an additional 288 shares during the period. TD Asset Management Inc boosted its position in shares of Ball by 4.2% during the first quarter. TD Asset Management Inc now owns 1,453,639 shares of the company’s stock worth $97,917,000 after acquiring an additional 58,863 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Ball by 3.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 348,410 shares of the company’s stock worth $23,469,000 after acquiring an additional 10,256 shares in the last quarter. 86.51% of the stock is owned by institutional investors.

Ball Stock Up 0.5 %

Shares of NYSE BALL opened at $60.64 on Wednesday. Ball Co. has a 12-month low of $48.35 and a 12-month high of $71.32. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. The company has a market cap of $18.10 billion, a P/E ratio of 4.55, a P/E/G ratio of 1.51 and a beta of 0.90. The stock has a fifty day moving average price of $64.74 and a 200 day moving average price of $64.81.

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

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Monday, December 2nd. Ball’s dividend payout ratio (DPR) is presently 6.03%.

Wall Street Analysts Forecast Growth

BALL has been the subject of a number of recent analyst reports. UBS Group lifted their price target 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. Morgan Stanley upgraded Ball from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $69.00 to $78.00 in a research note on Wednesday, September 4th. Mizuho reduced their price target on Ball from $69.00 to $67.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Baird R W raised Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $75.00 price objective on shares of Ball in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.