Ball Co. (BLL) Shares Bought by Profund Advisors LLC
Profund Advisors LLC raised its stake in Ball Co. (NYSE:BLL) by 29.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,445 shares of the industrial products company’s stock after purchasing an additional 2,618 shares during the period. Profund Advisors LLC’s holdings in Ball were worth $433,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new stake in Ball in the fourth quarter valued at $121,000. Calton & Associates Inc. bought a new stake in shares of Ball during the fourth quarter worth about $125,000. Benjamin F. Edwards & Company Inc. increased 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 acquiring an additional 1,500 shares in the last quarter. Dupont Capital Management Corp bought a new stake in shares of Ball during the fourth quarter worth about $164,000. Finally, Dai Ichi Life Insurance Company Ltd bought a new stake in shares of Ball during the third quarter worth about $209,000. 87.88% of the stock is owned by hedge funds and other institutional investors.
Shares of Ball stock opened at $39.82 on Thursday. Ball Co. has a 52-week low of $35.60 and a 52-week high of $43.24. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.92 and a quick ratio of 0.54. The stock has a market cap of $13,979.13, a PE ratio of 19.65, a price-to-earnings-growth ratio of 3.15 and a beta of 0.88.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Wednesday, February 28th. Ball’s payout ratio is 35.71%.
Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reissued an “overweight” rating and set a $48.00 target price (up from $47.00) on shares of Ball in a research report on Thursday, February 8th. KeyCorp downgraded shares of Ball from a “sector weight” rating to an “underweight” rating and decreased their target price for the stock from $40.81 to $36.00 in a research report on Friday, December 8th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Ball from a “hold” rating to a “sell” rating in a research report on Monday, January 29th. BMO Capital Markets raised shares of Ball from a “market perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research report on Monday, December 4th. Finally, Vertical Research raised shares of Ball from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Friday, December 15th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Ball has an average rating of “Hold” and a consensus price target of $45.62.
In other Ball news, VP Scott C. Morrison sold 2,228 shares of the business’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $39.89, for a total value of $88,874.92. Following the transaction, the vice president now directly owns 408,215 shares in the company, valued at $16,283,696.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Scott C. Morrison sold 2,194 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $39.29, for a total transaction of $86,202.26. Following the completion of the transaction, the vice president now owns 408,024 shares in the company, valued at $16,031,262.96. The disclosure for this sale can be found here. Insiders sold a total of 48,556 shares of company stock valued at $1,904,836 over the last ninety days. 2.70% of the stock is currently owned by insiders.
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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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