Mizuho Asset Management Co. Ltd. increased its position in Ball Corp. (NYSE:BLL) by 129.6% during the second quarter, Holdings Channel reports. The firm owned 1,715 shares of the company’s stock after buying an additional 968 shares during the period. Mizuho Asset Management Co. Ltd.’s holdings in Ball Corp. were worth $124,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Bailard Inc. acquired a new position in shares of Ball Corp. during the second quarter valued at $467,000. RS Investment Management Co. LLC boosted its position in shares of Ball Corp. by 48.8% in the second quarter. RS Investment Management Co. LLC now owns 441,617 shares of the company’s stock valued at $31,924,000 after buying an additional 144,870 shares during the last quarter. Samlyn Capital LLC acquired a new position in shares of Ball Corp. during the first quarter valued at $59,717,000. Renaissance Technologies LLC boosted its position in shares of Ball Corp. by 114.2% in the first quarter. Renaissance Technologies LLC now owns 559,264 shares of the company’s stock valued at $39,870,000 after buying an additional 298,200 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Ball Corp. by 1.4% in the first quarter. Legal & General Group Plc now owns 599,614 shares of the company’s stock valued at $42,748,000 after buying an additional 8,105 shares during the last quarter. 77.68% of the stock is currently owned by institutional investors.
Shares of Ball Corp. (NYSE:BLL) traded up 0.24% during midday trading on Wednesday, hitting $79.75. 53,237 shares of the stock traded hands. Ball Corp. has a 52 week low of $61.20 and a 52 week high of $81.25. The company’s 50-day moving average is $79.50 and its 200 day moving average is $73.88. The firm has a market capitalization of $13.89 billion, a PE ratio of 36.75 and a beta of 1.11.
Ball Corp. (NYSE:BLL) last issued its quarterly earnings data on Thursday, August 4th. The company reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.06. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.17 billion. Ball Corp. had a net margin of 4.45% and a return on equity of 27.28%. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 earnings per share. Analysts anticipate that Ball Corp. will post $3.44 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.52 dividend on an annualized basis and a yield of 0.65%. Ball Corp.’s dividend payout ratio (DPR) is 22.13%.
Several brokerages recently weighed in on BLL. Jefferies Group raised their price target on shares of Ball Corp. from $86.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Citigroup Inc. began coverage on shares of Ball Corp. in a research report on Friday, July 29th. They issued a “neutral” rating and a $77.00 price target on the stock. Vertical Group cut shares of Ball Corp. to a “hold” rating in a research report on Friday, August 5th. Robert W. Baird reaffirmed an “outperform” rating and issued a $85.00 price target on shares of Ball Corp. in a research report on Sunday, August 7th. Finally, TheStreet raised shares of Ball Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, August 4th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Ball Corp. currently has an average rating of “Buy” and a consensus price target of $82.57.
In other Ball Corp. news, Chairman John A. Hayes bought 2,400 shares of Ball Corp. stock in a transaction on Monday, August 8th. The stock was acquired at an average cost of $79.31 per share, with a total value of $190,344.00. Following the completion of the acquisition, the chairman now owns 178,620 shares in the company, valued at $14,166,352.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shawn M. Barker sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $80.34, for a total transaction of $1,285,440.00. Following the sale, the vice president now directly owns 3,397 shares of the company’s stock, valued at $272,914.98. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.
About Ball Corp.
Ball Corporation (Ball) 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. The Company operates in four segments: metal beverage packaging, Americas and Asia; metal beverage packaging, Europe; metal food and household products packaging, and aerospace and technologies.
Want to see what other hedge funds are holding BLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ball Corp. (NYSE:BLL).
Receive News & Ratings for Ball Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball Corp. and related companies with MarketBeat.com's FREE daily email newsletter.