Ball Co. (NYSE:BALL) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC lessened its stake in shares of Ball Co. (NYSE:BALL) by 12.3% in the third quarter, Holdings Channel.com reports. The fund owned 9,028 shares of the company’s stock after selling 1,270 shares during the quarter. Apollon Wealth Management LLC’s holdings in Ball were worth $613,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Friedenthal Financial purchased a new stake in shares of Ball during the second quarter valued at $47,000. Catalyst Capital Advisors LLC purchased a new position in Ball in the 3rd quarter worth about $47,000. Quarry LP raised its holdings in Ball by 598.6% during the 2nd quarter. Quarry LP now owns 999 shares of the company’s stock worth $60,000 after buying an additional 856 shares during the period. EverSource Wealth Advisors LLC lifted its stake 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 buying an additional 815 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Ball by 29.1% in the third quarter. Farther Finance Advisors LLC now owns 1,011 shares of the company’s stock worth $69,000 after buying an additional 228 shares during the period. 86.51% of the stock is owned by institutional investors.

Ball Stock Down 1.6 %

Ball stock opened at $60.92 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. Ball Co. has a 1-year low of $51.62 and a 1-year high of $71.32. The firm’s fifty day simple moving average is $64.51 and its 200-day simple moving average is $64.61. The company has a market capitalization of $18.18 billion, a P/E ratio of 4.59, a P/E/G ratio of 1.56 and a beta of 0.90.

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

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.80 annualized dividend and a yield of 1.31%. Ball’s dividend payout ratio (DPR) is presently 6.03%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BALL shares. Mizuho reduced their price target 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. Robert W. Baird upgraded Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price target on the stock in a report on Wednesday, August 14th. Baird R W raised Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Morgan Stanley raised Ball from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $69.00 to $78.00 in a research note on Wednesday, September 4th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price target on shares of Ball in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.75.

Ball 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.