Ball Co. (BLL) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in shares of Ball Co. (NYSE:BLL) by 1.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 931,757 shares of the industrial products company’s stock after selling 18,156 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.26% of Ball worth $38,482,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Ball by 100.0% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,450 shares of the industrial products company’s stock valued at $103,000 after buying an additional 1,225 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Ball by 5,297.8% during the second quarter. Tower Research Capital LLC TRC now owns 2,483 shares of the industrial products company’s stock valued at $104,000 after buying an additional 2,437 shares in the last quarter. American Research & Management Co. grew its holdings in shares of Ball by 100.0% during the second quarter. American Research & Management Co. now owns 2,800 shares of the industrial products company’s stock valued at $118,000 after buying an additional 1,400 shares in the last quarter. Korea Investment CORP grew its holdings in shares of Ball by 385.5% during the second quarter. Korea Investment CORP now owns 3,083 shares of the industrial products company’s stock valued at $130,000 after buying an additional 2,448 shares in the last quarter. Finally, First Personal Financial Services grew its holdings in shares of Ball by 100.0% during the second quarter. First Personal Financial Services now owns 3,594 shares of the industrial products company’s stock valued at $152,000 after buying an additional 1,797 shares in the last quarter. Institutional investors and hedge funds own 89.40% of the company’s stock.

In other Ball news, VP Jeff A. Knobel sold 5,218 shares of the business’s stock in a transaction dated 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 sale, the vice president now owns 68,138 shares of the company’s stock, valued at $2,733,696.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Lisa Ann Pauley sold 17,090 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $40.79, for a total value of $697,101.10. Following the completion of the sale, the senior vice president now directly owns 108,923 shares of the company’s stock, valued at approximately $4,442,969.17. The disclosure for this sale can be found here. Insiders sold 39,141 shares of company stock valued at $1,602,323 in the last ninety days. Insiders own 2.70% of the company’s stock.

Shares of Ball Co. (NYSE:BLL) traded up $0.01 during midday trading on Thursday, reaching $40.81. The company’s 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 capitalization of $14,278.77, a P/E ratio of 21.87, a P/E/G ratio of 3.80 and a beta of 0.96. The company has a quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 1.95.

Ball (NYSE:BLL) last announced its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.07). Ball had a return on equity of 18.31% and a net margin of 2.13%. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.91 billion. During the same period in the prior year, the firm earned $0.48 EPS. Ball’s quarterly revenue was up 5.7% on a year-over-year basis. equities research analysts forecast that Ball Co. will post 1.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.10 dividend. 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 is currently 62.50%.

A number of research analysts have recently weighed in on BLL shares. Zacks Investment Research downgraded Ball from a “hold” rating to a “sell” rating in a report on Monday, October 16th. BidaskClub downgraded Ball from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. Robert W. Baird restated a “buy” rating and issued a $45.00 target price on shares of Ball in a research note on Thursday, October 12th. KeyCorp restated a “hold” rating on shares of Ball in a research note on Thursday, November 2nd. Finally, Royal Bank Of Canada began coverage on Ball in a research note on Monday, October 9th. They issued an “outperform” rating and a $46.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $45.58.

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Ball Company Profile

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.

Institutional Ownership by Quarter for Ball (NYSE:BLL)

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