Fayez Sarofim & Co. lifted its holdings in shares of Ball Corporation (NYSE:BLL) by 100.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,250 shares of the industrial products company’s stock after buying an additional 6,125 shares during the period. Fayez Sarofim & Co.’s holdings in Ball Corporation were worth $517,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Cleararc Capital Inc. raised its holdings in shares of Ball Corporation by 0.9% during the 1st quarter. Cleararc Capital Inc. now owns 4,297 shares of the industrial products company’s stock worth $319,000 after buying an additional 38 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Ball Corporation by 2.1% during the 1st quarter. Fifth Third Bancorp now owns 3,646 shares of the industrial products company’s stock worth $271,000 after buying an additional 75 shares in the last quarter. HCR Wealth Advisors raised its holdings in shares of Ball Corporation by 2.1% during the 1st quarter. HCR Wealth Advisors now owns 4,902 shares of the industrial products company’s stock worth $344,000 after buying an additional 101 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Ball Corporation by 0.8% during the 1st quarter. HighTower Advisors LLC now owns 14,201 shares of the industrial products company’s stock worth $1,055,000 after buying an additional 109 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Ball Corporation by 3.3% during the 1st quarter. Pacer Advisors Inc. now owns 3,441 shares of the industrial products company’s stock worth $256,000 after buying an additional 110 shares in the last quarter. 86.43% of the stock is owned by institutional investors.
In other Ball Corporation news, COO Daniel William Fisher sold 1,750 shares of Ball Corporation stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $41.77, for a total transaction of $73,097.50. Following the completion of the sale, the chief operating officer now owns 11,594 shares of the company’s stock, valued at $484,281.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman John A. Hayes sold 5,683 shares of Ball Corporation stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $42.23, for a total value of $239,993.09. Following the sale, the chairman now directly owns 407,562 shares of the company’s stock, valued at approximately $17,211,343.26. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 114,325 shares of company stock valued at $4,641,057. Corporate insiders own 2.70% of the company’s stock.
Shares of Ball Corporation (NYSE BLL) traded down 0.56% during trading on Tuesday, reaching $40.55. The company’s stock had a trading volume of 138,671 shares. Ball Corporation has a 12-month low of $35.65 and a 12-month high of $43.06. The stock’s 50-day moving average is $40.32 and its 200-day moving average is $39.71. The stock has a market cap of $14.26 billion, a P/E ratio of 57.52 and a beta of 0.96.
Ball Corporation (NYSE:BLL) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share (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 firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same period last year, the firm earned $1.05 EPS. The company’s revenue for the quarter was up 40.6% on a year-over-year basis. Equities research analysts anticipate 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 paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.98%. The ex-dividend date was Wednesday, August 30th. Ball Corporation’s dividend payout ratio (DPR) is currently 78.43%.
A number of research firms have recently commented on BLL. Jefferies Group LLC reissued a “buy” rating and set a $49.00 price target (down previously from $50.00) on shares of Ball Corporation in a report on Wednesday, August 9th. Vertical Group reissued a “hold” rating and set a $43.00 price target (up previously from $41.50) on shares of Ball Corporation in a report on Wednesday, August 9th. Barclays PLC boosted their price target on Ball Corporation from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. BidaskClub cut Ball Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research raised Ball Corporation from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $44.05.
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Ball Corporation 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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