Catalyst Capital Advisors LLC Invests $47,000 in Ball Co. (NYSE:BALL)

Catalyst Capital Advisors LLC bought a new stake in Ball Co. (NYSE:BALL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 695 shares of the company’s stock, valued at approximately $47,000.

A number of other large investors have also added to or reduced their stakes in the company. Friedenthal Financial purchased a new position in shares of Ball during the 2nd quarter valued at approximately $47,000. Quarry LP boosted its stake in Ball by 598.6% during the 2nd 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. Farther Finance Advisors LLC grew its holdings in Ball by 29.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,011 shares of the company’s stock worth $69,000 after acquiring an additional 228 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of 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 purchasing an additional 815 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Ball in the 2nd quarter valued at about $72,000. 86.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on BALL shares. Robert W. Baird raised Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Wednesday, August 14th. 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 report on Wednesday, September 4th. Wells Fargo & Company decreased their price objective on shares of Ball from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 target price on shares of Ball in a report on Monday. Finally, Truist Financial reaffirmed a “buy” rating and issued a $78.00 price target (up from $76.00) on shares of Ball in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $70.75.

Ball Stock Up 0.5 %

BALL opened at $60.27 on Thursday. 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 12 month low of $48.05 and a 12 month high of $71.32. The stock’s 50 day moving average price is $65.00 and its 200 day moving average price is $64.96. The stock has a market cap of $17.99 billion, a P/E ratio of 4.55, a P/E/G ratio of 1.48 and a beta of 0.90.

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

Ball Announces Dividend

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 1.33%. The ex-dividend date is Monday, December 2nd. Ball’s dividend payout ratio (DPR) is presently 6.03%.

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.