Ball Co. (NYSE:BLL) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its stake in Ball Co. (NYSE:BLL) by 59.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 6,553 shares of the industrial products company’s stock after acquiring an additional 2,448 shares during the period. Vontobel Holding Ltd.’s holdings in Ball were worth $556,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Ball by 3.4% in the 4th quarter. BlackRock Inc. now owns 25,915,195 shares of the industrial products company’s stock valued at $2,414,778,000 after purchasing an additional 847,276 shares during the last quarter. Morgan Stanley raised its position in shares of Ball by 6.2% in the 4th quarter. Morgan Stanley now owns 5,960,387 shares of the industrial products company’s stock valued at $555,388,000 after purchasing an additional 349,461 shares during the last quarter. Sustainable Growth Advisers LP raised its position in shares of Ball by 27.5% in the 1st quarter. Sustainable Growth Advisers LP now owns 4,598,125 shares of the industrial products company’s stock valued at $389,645,000 after purchasing an additional 991,966 shares during the last quarter. Norges Bank purchased a new position in shares of Ball in the 4th quarter valued at approximately $272,441,000. Finally, Brown Advisory Inc. raised its position in shares of Ball by 14.1% in the 4th quarter. Brown Advisory Inc. now owns 2,863,639 shares of the industrial products company’s stock valued at $266,834,000 after purchasing an additional 354,752 shares during the last quarter. 80.98% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Scott C. Morrison sold 8,653 shares of Ball stock in a transaction on Thursday, March 18th. The shares were sold at an average price of $82.50, for a total value of $713,872.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by company insiders.

Several equities analysts recently commented on BLL shares. BMO Capital Markets lowered shares of Ball from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $107.00 to $87.00 in a research report on Wednesday, May 26th. The Goldman Sachs Group started coverage on shares of Ball in a research report on Friday, April 9th. They set a “buy” rating and a $98.00 price target for the company. Jefferies Financial Group raised their price target on shares of Ball from $93.00 to $96.00 and gave the stock a “hold” rating in a research report on Thursday, April 15th. Finally, Longbow Research started coverage on shares of Ball in a research report on Thursday, May 20th. They set a “buy” rating and a $116.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $100.63.

Shares of NYSE BLL opened at $80.46 on Friday. The firm has a market cap of $26.41 billion, a PE ratio of 35.29, a price-to-earnings-growth ratio of 4.64 and a beta of 0.43. Ball Co. has a 12 month low of $66.25 and a 12 month high of $102.76. The stock’s 50 day moving average price is $88.05. The company has a quick ratio of 0.57, a current ratio of 0.85 and a debt-to-equity ratio of 1.95.

Ball (NYSE:BLL) last issued its quarterly earnings data on Thursday, May 6th. The industrial products company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Ball had a net margin of 6.29% and a return on equity of 32.35%. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter last year, the company earned $0.61 EPS. The business’s revenue was up 12.2% on a year-over-year basis. On average, equities analysts forecast that Ball Co. will post 3.51 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Tuesday, June 1st will be paid a $0.15 dividend. The ex-dividend date is Friday, May 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.75%. Ball’s dividend payout ratio is currently 20.20%.

Ball Profile

Ball Corp. provides metal packaging for beverages, foods and household products, and of aerospace and other technologies and services to commercial and governmental customers. It operates through the following business segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.

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Institutional Ownership by Quarter for Ball (NYSE:BLL)

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