Advisor Partners LLC Increases Position in Ball Co. (BLL)
Advisor Partners LLC increased its stake in shares of Ball Co. (NYSE:BLL) by 108.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,636 shares of the industrial products company’s stock after buying an additional 2,926 shares during the period. Advisor Partners LLC’s holdings in Ball were worth $238,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Ball by 4.1% in the first quarter. Vanguard Group Inc. now owns 17,276,432 shares of the industrial products company’s stock valued at $1,282,948,000 after buying an additional 683,310 shares during the last quarter. BlackRock Inc. increased its position in shares of Ball by 2,907.6% in the first quarter. BlackRock Inc. now owns 10,298,454 shares of the industrial products company’s stock valued at $764,763,000 after buying an additional 9,956,034 shares during the last quarter. State Street Corp increased its position in shares of Ball by 2.2% in the first quarter. State Street Corp now owns 7,550,160 shares of the industrial products company’s stock valued at $560,675,000 after buying an additional 161,792 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Ball by 15.8% in the first quarter. JPMorgan Chase & Co. now owns 7,054,566 shares of the industrial products company’s stock valued at $523,873,000 after buying an additional 962,025 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Ball by 7.7% in the first quarter. Wellington Management Group LLP now owns 6,239,027 shares of the industrial products company’s stock valued at $463,310,000 after buying an additional 444,106 shares during the last quarter. 46.59% of the stock is owned by institutional investors and hedge funds.
Shares of Ball Co. (NYSE BLL) opened at 40.16 on Friday. Ball Co. has a 52-week low of $35.65 and a 52-week high of $43.06. The firm has a market capitalization of $14.13 billion, a PE ratio of 56.96 and a beta of 0.95. The stock’s 50 day moving average is $41.90 and its 200 day moving average is $39.16.
Ball (NYSE:BLL) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.02. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. Ball had a return on equity of 11.00% and a net margin of 3.15%. The company’s revenue was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.05 earnings per share. On average, equities research analysts forecast that Ball Co. will post $2.03 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.00%. Ball’s dividend payout ratio is currently 78.43%.
COPYRIGHT VIOLATION WARNING: This piece was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another website, it was stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this piece can be accessed at https://www.watchlistnews.com/advisor-partners-llc-increases-position-in-ball-co-bll/1480996.html.
Several equities analysts recently commented on BLL shares. Vertical Group reissued a “hold” rating and issued a $43.00 price objective (up previously from $41.50) on shares of Ball in a research note on Wednesday. Deutsche Bank AG reaffirmed a “buy” rating and set a $47.00 price target (up previously from $44.00) on shares of Ball in a research note on Tuesday, July 18th. BidaskClub downgraded shares of Ball from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Barclays PLC raised their price target on shares of Ball from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Finally, Zacks Investment Research raised shares of Ball from a “sell” rating to a “hold” rating in a research note on Monday, May 8th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $44.05.
In related news, Chairman John A. Hayes sold 5,683 shares of the company’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $42.23, for a total transaction of $239,993.09. Following the completion of the sale, the chairman now directly owns 407,562 shares in the company, valued at approximately $17,211,343.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director R David Hoover sold 10,000 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $40.22, for a total transaction of $402,200.00. Following the sale, the director now owns 183,260 shares of the company’s stock, valued at $7,370,717.20. The disclosure for this sale can be found here. Insiders have sold a total of 117,654 shares of company stock valued at $4,839,833 over the last quarter. 2.70% of the stock is currently owned by company insiders.
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 Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.