New York State Common Retirement Fund increased its holdings in Ball Co. (NYSE:BLL) by 6.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,200,458 shares of the industrial products company’s stock after buying an additional 72,464 shares during the period. New York State Common Retirement Fund owned 0.34% of Ball worth $49,579,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of BLL. Wedge Capital Management L L P NC raised its position in Ball by 75.3% during the second quarter. Wedge Capital Management L L P NC now owns 193,962 shares of the industrial products company’s stock valued at $8,187,000 after purchasing an additional 83,293 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Ball by 106.4% during the second quarter. Public Employees Retirement System of Ohio now owns 152,514 shares of the industrial products company’s stock valued at $6,438,000 after buying an additional 78,637 shares during the last quarter. Thomas White International Ltd. grew its stake in shares of Ball by 100.0% during the second quarter. Thomas White International Ltd. now owns 27,410 shares of the industrial products company’s stock valued at $1,157,000 after buying an additional 13,705 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Ball by 111.7% during the second quarter. JPMorgan Chase & Co. now owns 14,936,002 shares of the industrial products company’s stock valued at $630,447,000 after buying an additional 7,881,436 shares during the last quarter. Finally, Fragasso Group Inc. grew its stake in shares of Ball by 79.9% during the second quarter. Fragasso Group Inc. now owns 37,740 shares of the industrial products company’s stock valued at $1,593,000 after buying an additional 16,761 shares during the last quarter. Institutional investors own 89.40% of the company’s stock.
In other news, SVP Lisa Ann Pauley sold 17,090 shares of Ball stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $40.79, for a total transaction of $697,101.10. Following the completion of the transaction, the senior vice president now directly owns 108,923 shares in the company, valued at $4,442,969.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John A. Hayes sold 5,619 shares of Ball stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $41.98, for a total transaction of $235,885.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,622 shares of company stock worth $1,377,479. Insiders own 2.70% of the company’s stock.
A number of research analysts have recently issued reports on the company. BMO Capital Markets raised Ball from a “market perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research note on Monday. Jefferies Group reissued a “buy” rating and issued a $49.00 target price (down from $50.00) on shares of Ball in a research note on Wednesday, August 9th. Vertical Group reissued a “hold” rating and issued a $43.00 target price (up from $41.50) on shares of Ball in a research note on Wednesday, August 9th. KeyCorp reissued a “hold” rating on shares of Ball in a research note on Thursday, November 2nd. Finally, UBS assumed coverage on Ball in a research note on Monday, October 23rd. They issued a “buy” rating and a $50.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $45.58.
Ball Co. (NYSE BLL) traded up $0.01 during midday trading on Thursday, hitting $40.80. The company had a trading volume of 2,202,700 shares, compared to its average volume of 2,357,479. The company has a quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $14,278.77, a PE ratio of 21.87, a PEG ratio of 3.80 and a beta of 0.96. Ball Co. has a 12 month low of $35.65 and a 12 month high of $43.24.
Ball (NYSE:BLL) last posted its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.07). The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.91 billion. Ball had a net margin of 2.13% and a return on equity of 18.31%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 earnings per share. equities analysts anticipate that Ball Co. will post 1.95 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 0.98%. Ball’s payout ratio is 62.50%.
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Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. Its segments include beverage packaging, North and Central America; beverage packaging, South America; beverage packaging, Europe; food and aerosol packaging; aerospace, and other.
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