Mitsubishi UFJ Trust & Banking Corp increased its stake in Ball Corporation (NYSE:BLL) by 103.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 671,853 shares of the industrial products company’s stock after buying an additional 342,309 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.19% of Ball Corporation worth $28,359,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Ball Corporation by 100.0% in the second 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 buying an additional 1,225 shares during the period. American Research & Management Co. raised its position in shares of Ball Corporation 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 buying an additional 1,400 shares during the period. Korea Investment CORP raised its position in shares of Ball Corporation 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 buying an additional 2,448 shares during the period. Ledyard National Bank raised its position in shares of Ball Corporation by 520.0% in the second quarter. Ledyard National Bank now owns 3,100 shares of the industrial products company’s stock valued at $131,000 after buying an additional 2,600 shares during the period. Finally, First Personal Financial Services raised its position in shares of Ball Corporation by 17.1% in the first quarter. First Personal Financial Services now owns 1,797 shares of the industrial products company’s stock valued at $133,000 after buying an additional 262 shares during the period. 86.36% of the stock is owned by hedge funds and other institutional investors.

Ball Corporation (NYSE BLL) opened at 40.15 on Friday. Ball Corporation has a 52 week low of $35.65 and a 52 week high of $43.06. The stock has a 50 day moving average of $40.93 and a 200 day moving average of $39.41. The stock has a market capitalization of $14.12 billion, a P/E ratio of 56.95 and a beta of 0.97.

Ball Corporation (NYSE:BLL) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.55 by $0.02. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. Ball Corporation had a net margin of 1.70% and a return on equity of 17.63%. Ball Corporation’s revenue was up 40.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.05 EPS. On average, equities research analysts predict that Ball Corporation will post $2.03 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.00%. The ex-dividend date is Wednesday, August 30th. Ball Corporation’s payout ratio is presently 78.43%.

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BLL has been the subject of several research reports. Zacks Investment Research upgraded shares of Ball Corporation from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Tuesday, July 4th. Vertical Research downgraded shares of Ball Corporation from a “buy” rating to a “hold” rating and set a $41.50 price objective for the company. in a research note on Friday, May 5th. ValuEngine upgraded shares of Ball Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 18th. Jefferies Group LLC boosted their price objective on shares of Ball Corporation from $45.00 to $47.50 and gave the stock a “buy” rating in a research note on Friday, May 5th. Finally, BidaskClub upgraded shares of Ball Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Ball Corporation has a consensus rating of “Hold” and an average target price of $44.05.

In other news, Chairman John A. Hayes sold 5,683 shares of Ball Corporation stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $42.23, for a total value of $239,993.09. Following the transaction, the chairman now owns 407,562 shares of the company’s stock, valued at $17,211,343.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman John A. Hayes sold 5,622 shares of Ball Corporation stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $41.10, for a total transaction of $231,064.20. Following the completion of the transaction, the chairman now directly owns 412,623 shares in the company, valued at approximately $16,958,805.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 130,144 shares of company stock worth $5,311,893. Insiders own 2.70% of the company’s stock.

Ball Corporation 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.

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Institutional Ownership by Quarter for Ball Corporation (NYSE:BLL)

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