New York State Common Retirement Fund boosted its holdings in shares of Ball Corporation (NYSE:BLL) by 136.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,127,994 shares of the industrial products company’s stock after purchasing an additional 651,016 shares during the quarter. New York State Common Retirement Fund owned approximately 0.32% of Ball Corporation worth $47,613,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Fayez Sarofim & Co. increased its holdings in Ball Corporation by 100.0% during the 2nd quarter. Fayez Sarofim & Co. now owns 12,250 shares of the industrial products company’s stock worth $517,000 after purchasing an additional 6,125 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in Ball Corporation by 104.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 13,140 shares of the industrial products company’s stock worth $555,000 after purchasing an additional 6,720 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Ball Corporation by 90.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 199,961 shares of the industrial products company’s stock worth $8,440,000 after purchasing an additional 95,180 shares during the last quarter. ProShare Advisors LLC increased its holdings in Ball Corporation by 90.9% during the 2nd quarter. ProShare Advisors LLC now owns 28,446 shares of the industrial products company’s stock worth $1,201,000 after purchasing an additional 13,544 shares during the last quarter. Finally, Profund Advisors LLC increased its holdings in Ball Corporation by 83.5% during the 2nd quarter. Profund Advisors LLC now owns 7,815 shares of the industrial products company’s stock worth $330,000 after purchasing an additional 3,555 shares during the last quarter. Institutional investors own 86.43% of the company’s stock.

Several equities research analysts have issued reports on BLL shares. Jefferies Group LLC restated a “buy” rating and set a $47.00 price objective on shares of Ball Corporation in a report on Sunday, June 25th. BidaskClub upgraded Ball Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Deutsche Bank AG restated a “buy” rating and set a $47.00 price objective (up from $44.00) on shares of Ball Corporation in a report on Tuesday, July 18th. Zacks Investment Research downgraded Ball Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Barclays PLC lifted their price objective on Ball Corporation from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $44.05.

In other Ball Corporation news, SVP Lisa Ann Pauley sold 17,090 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $40.79, for a total value of $697,101.10. Following the completion of the transaction, the senior vice president now owns 108,923 shares of the company’s stock, valued at approximately $4,442,969.17. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman John A. Hayes sold 5,545 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $39.73, for a total value of $220,302.85. Following the completion of the transaction, the chairman now directly owns 412,834 shares of the company’s stock, valued at approximately $16,401,894.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,665 shares of company stock valued at $5,265,060. Insiders own 2.70% of the company’s stock.

Shares of Ball Corporation (NYSE:BLL) opened at 40.80 on Friday. Ball Corporation has a one year low of $35.65 and a one year high of $43.06. The stock has a 50 day moving average price of $40.28 and a 200-day moving average price of $39.74. The company has a market capitalization of $14.35 billion, a P/E ratio of 57.87 and a beta of 0.96.

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

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a $0.10 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 0.98%. Ball Corporation’s dividend payout ratio (DPR) is 78.43%.

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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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