Raymond James Financial Services Advisors Inc. increased its position in shares of Ball Co. (NYSE:BLL) by 7.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 125,548 shares of the industrial products company’s stock after buying an additional 8,591 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Ball were worth $5,185,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Calamos Advisors LLC boosted its stake in Ball by 3.8% during the 3rd quarter. Calamos Advisors LLC now owns 109,456 shares of the industrial products company’s stock worth $4,521,000 after acquiring an additional 4,010 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in Ball during the third quarter worth about $5,782,000. Aperio Group LLC increased its stake in shares of Ball by 0.8% in the third quarter. Aperio Group LLC now owns 180,150 shares of the industrial products company’s stock valued at $7,440,000 after buying an additional 1,492 shares during the period. First Trust Advisors LP acquired a new position in shares of Ball in the third quarter valued at approximately $7,084,000. Finally, Advisors Capital Management LLC increased its stake in shares of Ball by 10.2% in the third quarter. Advisors Capital Management LLC now owns 53,148 shares of the industrial products company’s stock valued at $2,195,000 after buying an additional 4,916 shares during the period. 89.40% of the stock is owned by hedge funds and other institutional investors.
Shares of Ball Co. (NYSE BLL) traded up $0.01 during trading on Thursday, hitting $40.81. The stock had a trading volume of 1,678,348 shares, compared to its average volume of 2,354,601. Ball Co. has a 1 year low of $35.65 and a 1 year high of $43.24. The stock has a market cap of $14,278.77, a price-to-earnings ratio of 21.87, a PEG ratio of 3.80 and a beta of 0.96. The company has a current ratio of 1.04, a quick ratio of 0.66 and a debt-to-equity ratio of 1.95.
Ball (NYSE:BLL) last announced its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.07). Ball had a return on equity of 18.31% and a net margin of 2.13%. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same period last year, the business posted $0.48 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. equities analysts forecast that Ball Co. will post 1.95 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.98%. Ball’s dividend payout ratio (DPR) is presently 62.50%.
BLL has been the subject of several recent research reports. UBS initiated coverage on Ball in a research note on Monday, October 23rd. They issued a “buy” rating and a $50.00 price objective for the company. Robert W. Baird reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Ball in a research note on Thursday, October 12th. Jefferies Group reissued a “buy” rating and set a $49.00 target price (down previously from $50.00) on shares of Ball in a research report on Wednesday, August 9th. Vertical Group restated a “hold” rating and set a $43.00 price target (up from $41.50) on shares of Ball in a report on Wednesday, August 9th. Finally, KeyCorp restated a “hold” rating on shares of Ball in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $45.58.
In other Ball news, SVP Lisa Ann Pauley sold 17,090 shares of Ball stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $40.79, for a total value of $697,101.10. Following the transaction, the senior vice president now directly owns 108,923 shares of the company’s stock, valued at approximately $4,442,969.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jeff A. Knobel sold 5,218 shares of Ball stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $40.12, for a total value of $209,346.16. Following the completion of the transaction, the vice president now directly owns 68,138 shares in the company, valued at $2,733,696.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,141 shares of company stock valued at $1,602,323. Corporate insiders own 2.70% of the company’s stock.
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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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