Advisor Group Inc. Decreases Holdings in Ball Co. (BLL)
Advisor Group Inc. reduced its position in shares of Ball Co. (NYSE:BLL) by 37.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,811 shares of the industrial products company’s stock after selling 5,252 shares during the quarter. Advisor Group Inc.’s holdings in Ball were worth $364,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of BLL. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Ball by 100.0% during the 2nd 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 acquiring an additional 1,225 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Ball by 5,297.8% in 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 purchasing an additional 2,437 shares in the last quarter. American Research & Management Co. lifted its holdings in shares of Ball by 100.0% in the second quarter. American Research & Management Co. now owns 2,800 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 1,400 shares in the last quarter. Korea Investment CORP lifted its holdings in shares of Ball by 385.5% in the second quarter. Korea Investment CORP now owns 3,083 shares of the industrial products company’s stock valued at $130,000 after purchasing an additional 2,448 shares in the last quarter. Finally, First Personal Financial Services lifted its holdings in shares of Ball by 100.0% in the second quarter. First Personal Financial Services now owns 3,594 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 1,797 shares in the last quarter. 88.25% of the stock is owned by hedge funds and other institutional investors.
In related news, Chairman John A. Hayes sold 5,545 shares of Ball stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $39.73, for a total transaction of $220,302.85. Following the sale, the chairman now directly owns 412,834 shares of the company’s stock, valued at $16,401,894.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Jeff A. Knobel sold 5,218 shares of Ball 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 sale, the vice president now directly owns 68,138 shares in the company, valued at $2,733,696.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,167 shares of company stock worth $1,597,782. 2.70% of the stock is currently owned by company insiders.
A number of analysts have recently issued reports on BLL shares. UBS AG started coverage on Ball in a report on Monday, October 23rd. They issued a “buy” rating and a $50.00 target price for the company. Robert W. Baird reiterated a “buy” rating and set a $45.00 price objective on shares of Ball in a report on Thursday, October 12th. Jefferies Group LLC reiterated a “buy” rating and set a $49.00 price objective (down from $50.00) on shares of Ball in a report on Wednesday, August 9th. Barclays PLC increased their price objective on Ball from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. Finally, BidaskClub lowered Ball from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $44.88.
Ball Co. (NYSE BLL) opened at $39.94 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.66 and a debt-to-equity ratio of 1.95. The company has a market cap of $13,980.00, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 3.72 and a beta of 1.00. Ball Co. has a 1 year low of $35.65 and a 1 year high of $43.24.
Ball (NYSE:BLL) last posted its earnings results on Thursday, November 2nd. The industrial products company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.07). The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.91 billion. Ball had a return on equity of 18.31% and a net margin of 2.13%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 earnings per share. equities analysts anticipate that Ball Co. will post 1.95 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Thursday, November 30th. Ball’s dividend payout ratio is currently 54.05%.
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.
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