Verition Fund Management LLC Has $416,000 Stake in Ball Co. (NYSE:BALL)

Verition Fund Management LLC lowered its position in shares of Ball Co. (NYSE:BALL) by 81.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,132 shares of the company’s stock after selling 26,266 shares during the quarter. Verition Fund Management LLC’s holdings in Ball were worth $416,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of BALL. Peterson Financial Group Inc. bought a new stake in Ball during the third quarter valued at $30,000. Catalyst Capital Advisors LLC bought a new stake in Ball during the third quarter valued at $47,000. Quarry LP boosted its position in Ball by 598.6% during the second quarter. Quarry LP now owns 999 shares of the company’s stock valued at $60,000 after acquiring an additional 856 shares during the last quarter. Brooklyn Investment Group bought a new stake in Ball during the third quarter valued at $66,000. Finally, EverSource Wealth Advisors LLC boosted its position in Ball by 334.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $68,000 after acquiring an additional 815 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Price Performance

Shares of NYSE BALL opened at $57.98 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 1.09. The stock has a market cap of $17.30 billion, a price-to-earnings ratio of 4.37, a PEG ratio of 1.43 and a beta of 0.91. Ball Co. has a fifty-two week low of $54.06 and a fifty-two week high of $71.32. The firm’s 50-day simple moving average is $62.20 and its 200 day simple moving average is $63.45.

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

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.20 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.80 annualized dividend and a yield of 1.38%. Ball’s dividend payout ratio (DPR) is 6.03%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BALL shares. Wells Fargo & Company cut their price target on shares of Ball from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Mizuho raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price objective on the stock in a research report on Tuesday. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price objective on shares of Ball in a research report on Monday, November 4th. Morgan Stanley raised shares of Ball from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $69.00 to $78.00 in a research report on Wednesday, September 4th. Finally, Citigroup increased their price objective on shares of Ball from $66.00 to $69.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Ball presently has a consensus rating of “Moderate Buy” and an average target price of $70.75.

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.