Seatown Holdings Pte. Ltd. Acquires Shares of 195,000 Ball Corporation (BLL)
Seatown Holdings Pte. Ltd. acquired a new stake in shares of Ball Corporation (NYSE:BLL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 195,000 shares of the industrial products company’s stock, valued at approximately $8,054,000. Seatown Holdings Pte. Ltd. owned approximately 0.06% of Ball Corporation as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of BLL. Teachers Advisors LLC grew its position in shares of Ball Corporation by 4.7% during the first quarter. Teachers Advisors LLC now owns 225,455 shares of the industrial products company’s stock valued at $16,742,000 after purchasing an additional 10,049 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Ball Corporation by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 599,671 shares of the industrial products company’s stock worth $44,529,000 after acquiring an additional 6,715 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in Ball Corporation by 3.7% in the first quarter. Nomura Asset Management Co. Ltd. now owns 20,718 shares of the industrial products company’s stock worth $1,539,000 after acquiring an additional 740 shares in the last quarter. DnB Asset Management AS grew its position in Ball Corporation by 112.7% in the second quarter. DnB Asset Management AS now owns 40,260 shares of the industrial products company’s stock worth $1,699,000 after acquiring an additional 21,330 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in Ball Corporation by 100.0% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 6,414 shares of the industrial products company’s stock worth $271,000 after acquiring an additional 3,207 shares in the last quarter. Hedge funds and other institutional investors own 86.73% of the company’s stock.
Shares of Ball Corporation (BLL) traded down $0.52 during trading hours on Monday, hitting $41.23. The company’s stock had a trading volume of 111,945 shares, compared to its average volume of 2,124,857. Ball Corporation has a fifty-two week low of $35.65 and a fifty-two week high of $43.24. The stock has a market capitalization of $14,687.02, a price-to-earnings ratio of 22.39, a PEG ratio of 3.81 and a beta of 1.00. The company has a quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 1.95.
Ball Corporation (NYSE:BLL) last announced its earnings results on Thursday, November 2nd. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.07). Ball Corporation had a net margin of 2.13% and a return on equity of 18.31%. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter last year, the firm earned $0.48 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. analysts expect that Ball Corporation will post 1.99 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, November 30th. Ball Corporation’s dividend payout ratio is presently 62.50%.
In other news, VP Jeff A. Knobel sold 5,218 shares of Ball Corporation stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $40.12, for a total transaction of $209,346.16. Following the completion of the sale, the vice president now owns 68,138 shares of the company’s stock, valued at $2,733,696.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Scott C. Morrison sold 13,249 shares of Ball Corporation stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $40.35, for a total transaction of $534,597.15. Following the sale, the vice president now directly owns 392,091 shares of the company’s stock, valued at approximately $15,820,871.85. The disclosure for this sale can be found here. Insiders have sold 85,962 shares of company stock valued at $3,431,556 in the last ninety days. Insiders own 2.70% of the company’s stock.
Several research firms recently commented on BLL. Jefferies Group LLC reiterated a “buy” rating and issued a $49.00 price target (down previously from $50.00) on shares of Ball Corporation in a research report on Wednesday, August 9th. Zacks Investment Research lowered Ball Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Vertical Group reiterated a “hold” rating and issued a $43.00 price target (up previously from $41.50) on shares of Ball Corporation in a research report on Wednesday, August 9th. Robert W. Baird lifted their price target on Ball Corporation from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, BidaskClub lowered Ball Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $44.88.
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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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