Ball Co. (BLL) Position Lowered by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. lessened its position in shares of Ball Co. (NYSE:BLL) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,310,909 shares of the industrial products company’s stock after selling 3,378 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Ball were worth $49,618,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in Ball by 5,297.8% during the 2nd 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. Benjamin F. Edwards & Company Inc. increased its stake in Ball by 63.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,881 shares of the industrial products company’s stock valued at $147,000 after purchasing an additional 1,500 shares in the last quarter. Howe & Rusling Inc. acquired a new position in Ball during the 3rd quarter valued at approximately $182,000. Dai Ichi Life Insurance Company Ltd acquired a new position in Ball during the 3rd quarter valued at approximately $209,000. Finally, DF Dent & Co. Inc. acquired a new position in Ball during the 3rd quarter valued at approximately $224,000. Institutional investors and hedge funds own 89.65% of the company’s stock.
In other news, Chairman John A. Hayes sold 6,782 shares of the stock in a transaction on Friday, January 5th. The shares were sold at an average price of $38.61, for a total value of $261,853.02. Following the sale, the chairman now owns 398,485 shares in the company, valued at $15,385,505.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John A. Hayes sold 5,519 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $40.74, for a total transaction of $224,844.06. Following the completion of the sale, the chairman now owns 408,451 shares in the company, valued at approximately $16,640,293.74. The disclosure for this sale can be found here. Insiders sold 16,241 shares of company stock worth $638,091 in the last quarter. Company insiders own 2.70% of the company’s stock.
Shares of Ball Co. (NYSE:BLL) opened at $36.93 on Wednesday. The firm has a market cap of $12,780.53, a price-to-earnings ratio of 19.58, a PEG ratio of 2.97 and a beta of 0.97. Ball Co. has a 52 week low of $35.60 and a 52 week high of $43.24. The company has a quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 1.95.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.10 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.08%. Ball’s payout ratio is currently 62.50%.
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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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