Candriam Luxembourg S.C.A. Has $475,000 Position in Ball Corporation (BLL)
Candriam Luxembourg S.C.A. boosted its stake in shares of Ball Corporation (NYSE:BLL) by 132.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,260 shares of the industrial products company’s stock after buying an additional 6,420 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Ball Corporation were worth $475,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. American Research & Management Co. boosted its stake 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. Ledyard National Bank boosted its stake 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. First Personal Financial Services boosted its stake 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. Advisor Partners LLC purchased a new stake in shares of Ball Corporation during the first quarter valued at $201,000. Finally, Baird Financial Group Inc. purchased a new stake in shares of Ball Corporation during the first quarter valued at $201,000. 53.01% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ball Corporation (BLL) opened at 40.32 on Wednesday. The firm’s 50-day moving average is $41.80 and its 200-day moving average is $59.50. The firm has a market cap of $14.18 billion, a PE ratio of 57.19 and a beta of 0.95. Ball Corporation has a 12-month low of $35.65 and a 12-month 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 earnings per share for the quarter, missing the Zacks’ 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 during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the prior year, the company earned $1.05 EPS. The firm’s revenue was up 40.6% compared to the same quarter last year. Equities analysts expect that Ball Corporation will post $2.03 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Wednesday, August 30th. Ball Corporation’s payout ratio is 78.43%.
Several analysts recently weighed in on BLL shares. TheStreet raised shares of Ball Corporation from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Zacks Investment Research raised shares of Ball Corporation from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Tuesday, July 4th. BidaskClub raised shares of Ball Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $47.00 target price on shares of Ball Corporation in a report on Sunday, June 25th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $47.00 target price (up previously from $44.00) on shares of Ball Corporation in a report on Tuesday, July 18th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Ball Corporation presently has a consensus rating of “Hold” and a consensus target price of $44.05.
In other Ball Corporation news, VP Scott C. Morrison sold 13,249 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $15,820,871.85. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director R David Hoover sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $39.75, for a total value of $874,500.00. Following the completion of the transaction, the director now directly owns 205,260 shares in the company, valued at $8,159,085. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 130,903 shares of company stock worth $5,374,430. 2.70% of the stock is currently owned by corporate insiders.
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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