CreativeOne Wealth LLC Sells 496 Shares of Ball Co. (NYSE:BALL)

CreativeOne Wealth LLC decreased its stake in shares of Ball Co. (NYSE:BALL) by 9.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,839 shares of the company’s stock after selling 496 shares during the period. CreativeOne Wealth LLC’s holdings in Ball were worth $329,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. QRG Capital Management Inc. boosted its stake in shares of Ball by 306.6% in the 2nd quarter. QRG Capital Management Inc. now owns 31,750 shares of the company’s stock valued at $1,906,000 after purchasing an additional 23,941 shares in the last quarter. Addenda Capital Inc. grew its stake in shares of Ball by 7.3% during the second quarter. Addenda Capital Inc. now owns 153,464 shares of the company’s stock worth $9,211,000 after buying an additional 10,427 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Ball by 400.4% during the third quarter. Meeder Asset Management Inc. now owns 162,690 shares of the company’s stock worth $11,048,000 after buying an additional 130,175 shares in the last quarter. SkyView Investment Advisors LLC lifted its stake in shares of Ball by 12.3% in the 2nd quarter. SkyView Investment Advisors LLC now owns 9,039 shares of the company’s stock valued at $543,000 after acquiring an additional 990 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Ball by 9.7% during the 2nd quarter. American Century Companies Inc. now owns 538,045 shares of the company’s stock valued at $32,293,000 after acquiring an additional 47,539 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on BALL. Robert W. Baird raised Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Wednesday, August 14th. Citigroup lifted their target price 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. Morgan Stanley upgraded shares of Ball from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $69.00 to $78.00 in a research report on Wednesday, September 4th. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of Ball in a report on Monday, November 4th. Finally, Mizuho decreased their price objective on Ball from $69.00 to $67.00 and set a “neutral” rating for the company in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Ball presently has an average rating of “Moderate Buy” and a consensus target price of $70.75.

Ball Stock Up 1.4 %

Shares of Ball stock opened at $62.83 on Tuesday. The firm has a market cap of $18.75 billion, a price-to-earnings ratio of 4.74, a PEG ratio of 1.55 and a beta of 0.90. The stock’s 50-day moving average is $63.64 and its 200 day moving average is $64.04. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.09 and a quick ratio of 0.82. Ball Co. has a one year low of $54.06 and a one year high of $71.32.

Ball (NYSE:BALL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The firm had revenue of $3.08 billion for 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 company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 EPS. Equities research analysts anticipate that Ball Co. will post 3.15 EPS for the current year.

Ball Announces Dividend

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 $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Monday, December 2nd. Ball’s payout ratio is 6.03%.

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.