Norinchukin Bank The increased its holdings in shares of Ball Co. (NYSE:BLL) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,988 shares of the industrial products company’s stock after purchasing an additional 1,805 shares during the quarter. Norinchukin Bank The’s holdings in Ball were worth $1,059,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new stake in shares of Ball during the fourth quarter worth about $121,000. Calton & Associates Inc. purchased a new stake in shares of Ball during the fourth quarter worth about $125,000. Benjamin F. Edwards & Company Inc. grew its position in shares of Ball by 63.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,881 shares of the industrial products company’s stock worth $147,000 after purchasing an additional 1,500 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Ball during the fourth quarter worth about $164,000. Finally, Dai Ichi Life Insurance Company Ltd purchased a new stake in shares of Ball during the third quarter worth about $209,000. Hedge funds and other institutional investors own 88.53% of the company’s stock.
In related news, COO James N. Peterson sold 1,349 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $38.05, for a total transaction of $51,329.45. Following the completion of the sale, the chief operating officer now directly owns 38,008 shares of the company’s stock, valued at approximately $1,446,204.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Scott C. Morrison sold 2,591 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $38.62, for a total value of $100,064.42. Following the sale, the vice president now directly owns 390,052 shares of the company’s stock, valued at $15,063,808.24. The disclosure for this sale can be found here. Insiders have sold a total of 50,996 shares of company stock valued at $2,002,572 over the last three months. 2.70% of the stock is owned by corporate insiders.
Ball (NYSE:BLL) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.08. Ball had a return on equity of 19.20% and a net margin of 3.63%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period last year, the company earned $0.44 EPS. Ball’s quarterly revenue was up 8.9% compared to the same quarter last year. sell-side analysts predict that Ball Co. will post 2.3 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Wednesday, February 28th. Ball’s dividend payout ratio is currently 35.71%.
Several research firms recently issued reports on BLL. KeyCorp upgraded Ball from an “underweight” rating to a “sector weight” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. restated an “overweight” rating and set a $48.00 price target (up previously from $47.00) on shares of Ball in a report on Thursday, February 8th. BMO Capital Markets upgraded Ball from a “market perform” rating to an “outperform” rating and set a $48.00 price target for the company in a report on Monday, December 4th. Zacks Investment Research cut Ball from a “hold” rating to a “sell” rating in a report on Monday, January 29th. Finally, Citigroup upgraded Ball from a “neutral” rating to a “buy” rating and set a $45.00 price target for the company in a report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $45.21.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Ticker Report and is the property of of Ticker Report. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3223582/ball-co-bll-shares-bought-by-norinchukin-bank-the.html.
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.
Want to see what other hedge funds are holding BLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ball Co. (NYSE:BLL).
Receive News & Ratings for Ball Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball and related companies with MarketBeat.com's FREE daily email newsletter.