Bartlett & Co. LLC lowered its stake in shares of Ball Corp. (NYSE:BLL) by 18.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,580 shares of the company’s stock after selling 1,031 shares during the period. Bartlett & Co. LLC’s holdings in Ball Corp. were worth $331,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. acquired a new position in Ball Corp. during the first quarter valued at about $367,000. BlackRock Japan Co. Ltd raised its position in Ball Corp. by 0.8% in the first quarter. BlackRock Japan Co. Ltd now owns 152,602 shares of the company’s stock valued at $10,879,000 after buying an additional 1,217 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Ball Corp. by 2.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,738,449 shares of the company’s stock valued at $266,514,000 after buying an additional 99,848 shares during the last quarter. BlackRock Group LTD raised its position in Ball Corp. by 2.2% in the first quarter. BlackRock Group LTD now owns 993,383 shares of the company’s stock valued at $70,817,000 after buying an additional 21,804 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware raised its position in Ball Corp. by 78.8% in the first quarter. Mckinley Capital Management LLC Delaware now owns 207,729 shares of the company’s stock valued at $14,809,000 after buying an additional 91,523 shares during the last quarter. Hedge funds and other institutional investors own 77.68% of the company’s stock.
Ball Corp. (NYSE:BLL) traded up 0.58% during midday trading on Thursday, reaching $80.90. 1,650,561 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $79.53 and its 200-day moving average is $73.97. Ball Corp. has a 12-month low of $62.03 and a 12-month high of $81.25. The stock has a market capitalization of $14.10 billion, a price-to-earnings ratio of 37.28 and a beta of 1.11.
Ball Corp. (NYSE:BLL) last announced its quarterly earnings results on Thursday, August 4th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.06. Ball Corp. had a net margin of 4.45% and a return on equity of 27.28%. The business earned $2.03 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the business earned $0.89 earnings per share. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, equities analysts forecast that Ball Corp. will post $3.44 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Tuesday, August 30th. Ball Corp.’s dividend payout ratio is presently 22.13%.
Several research firms have recently issued reports on BLL. Bank of America Corp. reiterated a “buy” rating and set a $90.00 target price on shares of Ball Corp. in a report on Thursday. TheStreet raised shares of Ball Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, August 4th. JPMorgan Chase & Co. raised their price target on shares of Ball Corp. from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, August 5th. Robert W. Baird reissued an “outperform” rating and set a $85.00 price target on shares of Ball Corp. in a research report on Sunday, August 7th. Finally, Vertical Research downgraded shares of Ball Corp. from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $84.00.
In related news, VP Shawn M. Barker sold 16,000 shares of Ball Corp. stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $80.34, for a total value of $1,285,440.00. Following the completion of the transaction, the vice president now owns 3,397 shares in the company, valued at $272,914.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cynthia A. Niekamp acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The stock was acquired at an average price of $80.37 per share, with a total value of $241,110.00. Following the acquisition, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $241,110. The disclosure for this purchase can be found here. Company insiders own 3.50% of the company’s stock.
Ball Corp. Company Profile
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.
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