Janney Montgomery Scott LLC raised its holdings in shares of Ball Co. (NYSE:BLL) by 5.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,447 shares of the industrial products company’s stock after purchasing an additional 1,524 shares during the period. Janney Montgomery Scott LLC’s holdings in Ball were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in BLL. Public Employees Retirement System of Ohio raised its position in shares of Ball by 106.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 152,514 shares of the industrial products company’s stock valued at $6,438,000 after acquiring an additional 78,637 shares during the period. Thomas White International Ltd. raised its position in shares of Ball by 100.0% in the 2nd quarter. Thomas White International Ltd. now owns 27,410 shares of the industrial products company’s stock valued at $1,157,000 after acquiring an additional 13,705 shares during the period. JPMorgan Chase & Co. raised its position in shares of Ball by 111.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,936,002 shares of the industrial products company’s stock valued at $630,447,000 after acquiring an additional 7,881,436 shares during the period. Fragasso Group Inc. raised its position in shares of Ball by 79.9% in the 2nd quarter. Fragasso Group Inc. now owns 37,740 shares of the industrial products company’s stock valued at $1,593,000 after acquiring an additional 16,761 shares during the period. Finally, KBC Group NV raised its position in shares of Ball by 100.0% in the 2nd quarter. KBC Group NV now owns 53,272 shares of the industrial products company’s stock valued at $2,248,000 after acquiring an additional 26,636 shares during the period. Institutional investors own 89.48% of the company’s stock.

In related news, Chairman John A. Hayes sold 5,619 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $41.98, for a total value of $235,885.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman John A. Hayes sold 5,519 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $40.74, for a total transaction of $224,844.06. Following the completion of the transaction, the chairman now directly owns 408,451 shares of the company’s stock, valued at $16,640,293.74. The disclosure for this sale can be found here. Insiders have sold a total of 16,833 shares of company stock valued at $695,876 over the last ninety days. Company insiders own 2.70% of the company’s stock.

Shares of Ball Co. (NYSE:BLL) opened at $37.99 on Thursday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.66 and a current ratio of 1.04. The company has a market cap of $13,393.13, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 3.57 and a beta of 0.96. Ball Co. has a fifty-two week low of $35.65 and a fifty-two week high of $43.24.

Ball (NYSE:BLL) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.07). The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.91 billion. Ball had a return on equity of 18.31% and a net margin of 2.13%. Ball’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 earnings per share. equities analysts anticipate that Ball Co. will post 1.95 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.05%. Ball’s dividend payout ratio is currently 62.50%.

BLL has been the topic of a number of analyst reports. Royal Bank of Canada initiated coverage on shares of Ball in a research report on Monday, October 9th. They issued an “outperform” rating and a $46.00 price target on the stock. Zacks Investment Research downgraded shares of Ball from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. BidaskClub downgraded shares of Ball from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th. BMO Capital Markets upgraded shares of Ball from a “market perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a research report on Monday, December 4th. Finally, Robert W. Baird restated a “buy” rating and set a $45.00 target price on shares of Ball in a report on Thursday, October 12th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $45.00.

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Ball 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 (NYSE:BLL)

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