Envestnet Asset Management Inc. raised its position in Ball Co. (NYSE:BLL) by 108.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,415 shares of the industrial products company’s stock after purchasing an additional 37,684 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Ball were worth $2,741,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Ball by 65.2% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 296,870 shares of the industrial products company’s stock valued at $12,261,000 after purchasing an additional 117,140 shares during the last quarter. Capital Fund Management S.A. acquired a new stake in shares of Ball in the fourth quarter valued at about $3,541,000. Guggenheim Capital LLC increased its stake in shares of Ball by 27.9% in the fourth quarter. Guggenheim Capital LLC now owns 1,275,927 shares of the industrial products company’s stock valued at $48,293,000 after buying an additional 278,408 shares during the period. Atlanta Capital Management Co. L L C increased its stake in shares of Ball by 2.2% in the third quarter. Atlanta Capital Management Co. L L C now owns 1,831,763 shares of the industrial products company’s stock valued at $75,652,000 after buying an additional 39,388 shares during the period. Finally, New Mexico Educational Retirement Board increased its stake in shares of Ball by 4.0% in the fourth quarter. New Mexico Educational Retirement Board now owns 33,828 shares of the industrial products company’s stock valued at $1,280,000 after buying an additional 1,300 shares during the period. Hedge funds and other institutional investors own 88.68% of the company’s stock.
In related news, VP Scott C. Morrison sold 2,228 shares of the firm’s stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $39.89, for a total transaction of $88,874.92. Following the completion of the sale, the vice president now owns 408,215 shares of the company’s stock, valued at $16,283,696.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 approximately $15,063,808.24. The disclosure for this sale can be found here. Insiders have sold 41,774 shares of company stock valued at $1,642,983 in the last ninety days. 2.70% of the stock is currently owned by insiders.
NYSE BLL opened at $39.26 on Friday. Ball Co. has a one year low of $35.60 and a one year high of $43.24. The company has a market cap of $14,049.22, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 3.16 and a beta of 0.85. The company has a quick ratio of 0.54, a current ratio of 0.92 and a debt-to-equity ratio of 1.61.
Ball (NYSE:BLL) last released its earnings results on Wednesday, February 7th. The industrial products company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. Ball had a return on equity of 19.24% and a net margin of 3.63%. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter last year, the firm posted $0.44 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. research analysts predict that Ball Co. will post 2.3 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.40 annualized dividend and a yield of 1.02%. Ball’s dividend payout ratio is currently 19.61%.
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Ball Company Profile
Ball Corporation supplies metal packaging products to the beverage, food, personal care, and household products industries. It operates in five segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.
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