California State Teachers Retirement System raised its position in shares of Ball Corporation (NYSE:BLL) by 91.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 651,371 shares of the industrial products company’s stock after buying an additional 311,435 shares during the quarter. California State Teachers Retirement System owned about 0.19% of Ball Corporation worth $27,494,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Ball Corporation by 100.0% in the 2nd 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 purchasing an additional 1,225 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Ball Corporation by 5,297.8% in 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 during the last quarter. American Research & Management Co. raised its position in shares of Ball Corporation by 100.0% in the 2nd quarter. American Research & Management Co. now owns 2,800 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 1,400 shares during the last quarter. Korea Investment CORP raised its position in shares of Ball Corporation by 385.5% in the 2nd quarter. Korea Investment CORP now owns 3,083 shares of the industrial products company’s stock valued at $130,000 after purchasing an additional 2,448 shares during the last quarter. Finally, Ledyard National Bank raised its position in shares of Ball Corporation by 520.0% in the 2nd quarter. Ledyard National Bank now owns 3,100 shares of the industrial products company’s stock valued at $131,000 after purchasing an additional 2,600 shares during the last quarter. 86.43% of the stock is owned by institutional investors and hedge funds.

Shares of Ball Corporation (NYSE:BLL) opened at 42.35 on Friday. The firm has a market cap of $14.90 billion, a PE ratio of 60.07 and a beta of 0.97. The stock’s 50 day moving average is $40.91 and its 200-day moving average is $40.31. Ball Corporation has a 52 week low of $35.65 and a 52 week high of $43.06.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Wednesday, August 30th. Ball Corporation’s dividend payout ratio is presently 78.43%.

Several equities analysts recently commented on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $49.00 price objective (down from $50.00) on shares of Ball Corporation in a research report on Wednesday, August 9th. Zacks Investment Research lowered shares of Ball Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. BidaskClub raised shares of Ball Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Vertical Group reaffirmed a “hold” rating and issued a $43.00 price objective (up from $41.50) on shares of Ball Corporation in a research report on Wednesday, August 9th. Finally, Barclays PLC increased their price objective on shares of Ball Corporation from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Ball Corporation currently has a consensus rating of “Hold” and a consensus target price of $44.23.

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In related news, Chairman John A. Hayes sold 5,655 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $41.19, for a total transaction of $232,929.45. Following the transaction, the chairman now owns 407,575 shares of the company’s stock, valued at $16,788,014.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott C. Morrison sold 13,249 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $40.35, for a total value of $534,597.15. Following the transaction, the vice president now directly owns 392,091 shares in the company, valued at approximately $15,820,871.85. The disclosure for this sale can be found here. Insiders have sold 129,601 shares of company stock worth $5,260,953 in the last ninety days. 2.70% of the stock is currently owned by corporate insiders.

About Ball Corporation

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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